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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

May 19# 1954

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Commercial, industrial, and agricultural loans at weekly reporting
member banks declined $100 million during the week ended May 12.
Repayments of $49 million by sales finance companies, $33 million by
manufacturers of metals and metal products, $14 million by manufacturers of food,
liquor, and tobacco products, and $53 million by unclassified borrowers were the
principal factors in this decline.
Most of the decrease in loans to manufacturers of metals and metal
products was in the New York District. The decrease in loans to unclassified
borrowers reflected the sale of outstanding issues of Commodity Credit Corporation
certificates of interest, other than on cotton, to the Corporation.
The principal increases during the week were $16 million in loans to
the wholesale and retail trade and $10 million to the construction industry.
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
May 122/

Cumulative since year-end
Corresponding
Dec. 30
19532/
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

+
+

14
1
33
7
6

+
-

430
51
200
27
29

-518
+128
+376
+ 62
+ 58

Trade -- wholesale and retail
Commodity dealers
Sales finance companies
Public utilities & transportation
Construction
Other types of business

+
+
+
+
+

16
3
49
2
10
7

+
+

47
328
234
16
45
58

+211
-481
- 62
+114
+ 11
- 22

Classified changes - net
Unclassified changes - net

- 47
- 53

-1,156
- 179

-124
-183

Net change in commercial, industrial, and agricultural loans

-100

-1,335

-307

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, MAY 12, 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 DisBoston
tricts p/

New
York

Phila- Cleve- RichAtlanta Chicago
mond
delphia land
(In millions of dollars)

.7 - .8 .1 - 1.0 -

#2

.2
.1

+

.6
.7
.2

+ -7 + 1.9 + 1.9 - .2
+ 2.1 - .1

.6 + 1.5 +
- .4 + 2.2
+ 1.1 + 2.3 + 1-5 + .7 +

.3
.2

+
+

.1
.7

+ 1.3 + 2.1 +

.7 - 1.5 -

.2

+

.6

+

-33.1
+ 6.6
+ 5-9

- .2 -31.8 +
- .3 + 6.4 +
+
+ 1.4

.2 - 2.5
.3 + .1 .1 + 1.3 -

- —

- -

-3 +
-3 +

.9

- 1.3

.4

+

.3

.5 - 7.8 + 1.6 - 5.2 - 1.1

-

+ 5-0 -60.2 + 3.1 -12.3 - l.l

Sales finance companies

-49.0

Public utilities (including transportation)

+ 2.4

+ 5.2 -45.3 + 1.2 - 6.7 - .6
-+ 4.5 - .4 + -3

Construction

+ 9.8

-

.6 + 1.0 +

All other types of business

+ 7.4

+

Net change in classified loans!/

-46.9

Unclassified changes - net

-53.1

- -

—

.3 +

.3 +

-19.8 - 3.1 - 1-7 -

+ 5.0 -80.0

.9

-14.0 - 2.0

.7

- .3
- 2.0
- .1

.6 (+
.6
.1 + 2.4 (

-

.1 + 7.7 +

+

- -

.4 + .1
+ 1.0
+ '3

+ 1.5

+

.8

- -

.5 - 2.2 - 1.0 - 6.1 - .8 + .6 +

+ 2.9

-100.0

.5 - 1.5 +
.1 + .2

-.4

- 1.9 +
+ .1 w

Commodity dealers

Net change in commercial, industrial,
and agricultural loans

-11.0 +
- .2 +

-

-14.1
- 1.3

U c c)
^+15«0j

.5 +
.1

San FranMinne- Kansas
St.
Dallas
cisco 2/
Louis apolis City

- 1.3

+

-1

- .2
+ .3
4 .8
"

)
.2; +

) -

.2
.3

.6

- 2.3

+ 1.1

.6

+

+ 1.2

.2
--

--

+ 3.2

+ 1.0

.4

+ 1.5 + 1.8 - .1 + .7
- 3.0 + 1.2 +16.0 + 2.0

+

.6

+ 3.0

+

.4

-11.5 + 2.2 +14.7 + 6.7

+

.2

+

.6

- 6.5 - 6.2 - 5-7 - 3-7

-12.2

+ 5-9
+ 6.1

+ 1.0

-18.0 - 4.0 + 9.0 + 3.0

-12.0

+12.0

--

+

.2

--

p/ Preliminary; final totals will appear in the F. R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank.
l/ About 220 weekly reporting member hanks are reporting changes in their larger loans as to industry; these banks hold over 90 per cent of total
commercial and industrial loans of all weekly reporting member banks and nearly 70 per cent of those of all commercial banks.

x.