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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) March 31> 1954 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOAMS BY INDUSTRY Repayments "by most "business classifications resulted in a decrease of $118 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended March 24. The principal decreases were $27 million in loans to commodity dealers, $26 million to manufacturers of food, liquor, and tobacco products, $17 million to sales finance companies, and $11 million to manufacturers of metals and metal products; there was also a decrease of $37 million in unclassified borrowings. The decrease in loans to commodity dealers, largely in the New York, St. Louis, and Boston districts, was the seventh consecutive weekly decrease in this business category. The $9 million decrease in loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products was the first weekly decrease in this business category since February 3» After decreasing during the first six weeks of 1954, loans to the wholesale and retail trade have increased during the following six; this week's increase was $11 million. Changes in loans during the week and since year-end are shown below; the third column shows the changes during the comparable period last year: Business of Borrower Week ended . March 242/ Cumulative since year-end Dec. 30 Corresponding 1953P/ period, 1953 (in millions of dollars) Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining - 26 « » «• • - 11 - 9 - 4 -236 -236 + 91 - 1 - 70 + 10 +154 +321 + 37 + 25 Trade -- wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business + 11 - 27 - 17 + 4 + 3 - 6 - 75 -164 -231 + 64 + 4 - 25 +117 -301 -106 + 34 + 17 - 13 Classified changes - net Unclassified changes - net - 81 - 37 -633 + 74 + 49 -102 Net change in commercial, industrial, and agricultural loans -118 -559 - 53 p/ Preliminary; see footnote on attached table. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, MARCH 24, 1954 H.12(a) Business of Borrower Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade: Wholesale Retail All Dis 7 Boston tricts £' -26.0 - .4 -10.6 - 8.8 - 3.8 +u ; ) New York Phila- Cleve- Rich- Atlanta Chicago mond delphia land (in millions of dollars) 1.0 „ - 8.1 + .2 - .2 .6 - 1.5 + - 1.7 .4 + - .8 - 3.7 - .4 - 1 . 1 - .3 - •9 .9 + .4 + •3 .3 +1.6 - 2.8 + 5.3 + .9 + .1 •5 . .2 + 1.3 - + - 1-7 + + + -5 .3 - .8 + •3 + -13 »8 + 2.8 .7 • 1.1 .1 .1 .1 - + - .4 - 2.3 - -27.2 - 4.2 Sales finance companies -17.0 - .7 -10.3 Public utilities (including transportation) + 4.0 + 3-3 .5 + 9-2 + .7 - 4.4 + • 2 * 2 + .4 - 1.0 - .1 - Construction + - All other types of business - 5.6 + .5 - 1.6 + •6 + Net change in classified loans!/ -81.0 Unclassified changes - net -37.0 4.3 - 9.3 -22.3 — 6.0 + 4.0 + .3 - .7 -118.0 - 5.3 - 9.6 .1 .4 .3 - .1 - 1.6 •6 - 2.6 - .1 1.3 + .8 - 3.2 + .1 + *3 + •i + .1 .5 .4 - 1.5 + 1.9 + .7 .8 - .4 00 1 - -10.0 -31.0 - 2.0 u/ jrrexxmiDcu;\y, ± ±licljl ou tais wj.xjl ajjjjtrciA _ljh viic ±- • ja• jjuxx^wxu - 4.0 -— + .3 - 2.4 — - - - 1.7 - - .6 - .7 - 2.5 (+ l 2) + 4.8 ) - .8 (+ •9 - 1.3 - 3.6 .6 .4 + •7 + 1.4 + .2 + .7 + .1 - -- — .2 .5 - .1 + .2 + 1.6 + 1-5 .3 - .5 + .4 + .4 - .6 - 2.0 .9 - .4 .9 + 2,4 - 6.0 -22.0 + 2.0 -28.0 + 2.1 - 1.1 -19.9 - 8.1 - 5.9 - 4.4 - 5.1 + 1.4 + - 4.0 + 1.0 -28.0 -11.0 v .8 .1 - 2.2 - 3.7 .3 - .1 •2 .8 .5 - 1.4 - - - 3.9 + + .1 .5 - •9 .h + .4 + .2 + .6 - 4.4 + — .3 .4 1.0 .1 + Commodity dealers Net change in commercial, industrial, and agricultural loans San Fran-, Minne- Kansas Dallas | St. cisco £/ Louis apolis City - 3.0 — — - \j About 220 weekly reporting member banks are reporting changes in their larger loans as to industry£ the so "e ticshold over ^0 per cen v o± total b* commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those all commercial OuXiLs.
