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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

May 26, 1954

CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS BY INDUSTRY
Repayments of $32 million by public utilities, $25 million by manufacturers of metals and metal products, $9 million by manufacturers of food,
liquor, and tobacco products, and $49 million by unclassified borrowers were
partly offset by increases of $33 million in loans to manufacturers and producers
of petroleum, coal, chemicals, and rubber products and $11 million to the wholesale and retail trade. The net decrease in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended May 19 was
$70 million.
The decrease in loans to public utilities, which followed three weekly
increases, was largely in the New York District. Loans to manufacturers of metals
and metal products and to manufacturers of food, liquor, and tobacco products have
decreased for nine consecutive weeks.
The increase in loans to manufacturers and producers of petroleum, coal,
chemicals, and rubber products was the largest weekly increase in this business
category since December 1952; the current increase was largely in the Chicago
District.
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
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

Week
Cumulative since year-end
ended
Dec. 30
Corresponding
May 192/
19532/
period, 1953
(in millions of dollars)
- 9
- 1
-25
+33
- 4

- 444
+ 5 1
- 224
+
6
- 31

-533
+115
+381
+60
+ 55

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

+11
-- 1
-32
+8
- 2

- 34
- 331
- 236
42
+ 5 3
+
55

+200
-508
- 69
+99
+ 6
- 28

Classified changes - net
Unclassified changes - net

-21
-49

-1,176
- 229

-224
-201

Net change in commercial, industrial, and agricultural loans

-70

-1,405

-425

p/ Preliminary; see footnote on attached table.




CHANGES IK COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MAY 19, 1954

H.12(a)

Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparelf and leather
Metals and metal products (including
machinery & transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining
Trade:
Wholesale
Retail
Commodity dealers

All Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. jMinne- Kansas Dallas San Francisco P /
Louisiapolis City
York delphia land mond
tricts P/Z
(In millions of dollars)
.7 + 1.1 + 2.2 - 7.9 - 1.9
.9 - 1.9 - 1.2 - -3 - 2.1

- 8.6
- .5

-

-24.5
+32.6
- 3-9

- .7 - 7.8 - 2.0 - 2.5 + 1.9 + 4.4 - .8 + 1.8 +
- .2 + 1.4 - .2 - 2.8 -

( n
(+10.9)
--

.1
.4
.9

.4

-

- 3.6 + 1.1 + 2.0
+ 4.1 + 4.3 - .2
- 7.2 +28.0 - 3.2 -

—

- 1.0

--

.1 - .5 - 1.2
.3 + 1.1 - 2.0
.7
~ - - .1

- 2.5 - 2.1 + • 1
+ 1.3 + .6 + 1.1 +

- 1.3 + 2.4 +
+ .2 + 2.5 +

.6 +
.8 +

.9 - 1.3
.1 + 1.1

+

.3 + 3.0 +

.4 -

.5 - 1.2

+ 1.3

+

.9 - 7-3 - 1.5
- .1 - 2.3

- 1.5

- 3.0 + 1.0 + 2.1 + .1
-.4
+ .5 — .9

+

Sales finance companies

- 1.2

- 1.5 +10.1

Public utilities (including transportation)

-32.2

+

Construction

+ 8.3

+ 1.1 + 4.3 +

All other types of business

- 2.3

+

.7 +

.2 +

Net change in classified loansi/

-21.4

-

.6 -10.2 -

Unclassified changes - net

-48.6

-

.4 -15.8 - 1.8 - 2.8 - 3.4

Net change in commercial, industrial,
and agricultural loans

-70.0

- 1.0 -26.0 - 2.0 -21.0 -10.0

'

.2
.7

-

.5 -29-9 +

—

.2

—

+

.2

U
(

.4

+

—

.2

.9) + 1.7

) + 3.4

.7

-1.3
--

-

.6

+ 2.5
-

.6

+ 4.5

+ 2.6

- 5.6 -

.7 + 1.5 +

.7

- 2.5

-18.6

— 8.0 - 1.0

+ 2.0

-16.0

+ 5.7 +

.2 -18.2 - 6.6

- 4.8

+

- 4.0

- 1.5
- 1.1
+ 3*6

.7 - 9-5 - 1.7

- 2.3
.8

.5
.8

+22.6 +

.5 + 2.6 + 1.0

.1

-

.9 -15.9 + 1.3

.6 +

-

+ .1
- 1.3

- 2.9

+ 1.6 +

—

.2 -

.8
•3

+ 2.7
+ 3.7

.2

.3

-

.9 - 3-7 -

-

+17.0

--

•5 +

.4

-

.7

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.
1/ About 220 weekly reporting member banks 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.