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BOARD OF GOVERNORS OP THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) November 25, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY I n c r e a s e s of ,$39 m i l l i o n i n loans t o manufacturers of food, l i q u o r , and tobacco p r o d u c t s , $18 m i l l i o n to the wholesale and r e t a i l t r a d e , $15 m i l l i o n to " o t h e r " types of b u s i n e s s , and $lU m i l l i o n t o manufacturers of metals and metal products were p a r t l y o f f s e t by net repayments of $26 m i l l i o n by s a l e s f i n a n c e companies,and $18 m i l l i o n each by manufacturers of t e x t i l e s , a p p a r e l , and l e a t h e r p r o d u c t s , and by p u b l i c u t i l i t i e s . The n e t i n c r e a s e i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans a t weekly r e p o r t i n g member banks during the week ended November 18 was $37 million* Most of t h e i n c r e a s e i n loans t o manufacturers of f o o d , l i q u o r , and tobacco products occurred i n the New York and Cleveland d i s t r i c t s but t h e r e were small i n c r e a s e s i n most of t h e o t h e r d i s t r i c t s . Loans t o commodity d e a l e r s increased $8 m i l l i o n during t h e week, the s m a l l e s t weekly i n c r e a s e i n t h i s business c a t e g o r y since seasonal borrowings began i n September, Changes i n l o a n s during t h e week and s i n c e mid-year are shown below; the t h i r d column shows t h e changes during the comparable p e r i o d l a s t y e a r : Business of Borrower Week Cumulative sinc e mid-year ended , June 2U, Corresponding November 182/ 1953 W p e r i o d , 1952 (In m i l l i o n s of d o l l a r s ) Manufacturing and mining: Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and metal p r o d u c t s Petroleum, c o a l , chemicals, & rubber Other manufacturing and mining + + + - 39 18 Ik 3 2 +118 - 50 -237 + 57 - 12 +670 - 1 - 37 +181 + 72 Trade — wholesale and r e t a i l Commodity d e a l e r s Sales f i n a n c e companies Public u t i l i t i e s & t r a n s p o r t a t i o n Construction Other types of b u s i n e s s + 18 + 8 - 26 - 18 + k + 15 +190 +306 -285 + 9 + 2 + 96 +218 +6U9 +1U5 - 75 + 22 +129 C l a s s i f i e d changes - n e t U n c l a s s i f i e d changes - n e t + 37 + 86 +U9h +1,973 +105 +580 +2,078 Net change i n commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans p/ + 37 P r e l i m i n a r y ; see f o o t n o t e on a t t a c h e d t a b l e 8.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED "WEDNESDAY, NOVEMBER 1 8 , 1953 B u s i n e s s o f Borrower M a n u f a c t u r i n g and m i n i n g j F o o d , l i q u o r , and t o b a c c o T e x t i l e s , a p p a r e l , and l e a t h e r M e t a l s and m e t a l p r o d u c t s ( i n c l u d i n g machinery & t r a n s p o r t a t i o n equipment) P e t r o l e u m , c o a l , c h e m i c a l s , and r u b b e r Other m a n u f a c t u r i n g and mining Trade* Wholesale Retail A l l Dis-r, t r i o t s P / Boston New York P h i l a - Clevede l p h i a l a n d Richmond A t l a n t a Chicago ( I n m i l l i o n s of d o l l a r s ) +38.5 -18.3 + 1.8 - 5.8 +16.0 - it,9 + 1,2 - 1.7 + +iii.3 + 2,9 - 1*6 - + 1.3 - 1.7 — - 2.h 1.3 +17.1 + 3.1 - 1,2 |+18,1j + ,2 - 2,2 + 5i8 + 6,2 -1*1 + .8 - - ,2 Commodity d e a l e r s + 7,9 + 1,2 - S a l e s f i n a n c e companies - 2 6 , ii + 1.3 Public u t i l i t i e s -17.9 - Construction + 3 <8 A l l o t h e r types of b u s i n e s s + 7,9 + — - 1*0 •7 1.8 .3 .it - *1 •7 .1 + .2 + .7 •f #2 + .2 + 1*7 + 2,1 + -12,9 - 1.3 - 1.1 •k -lit. 7 + + 1.5 + 1.8 + .2 - 1.5 +15.3 - .7 +12.8 + 2.1 Ket change i n c l a s s i f i e d l o a n s 2 / +36,6 - 6,7 +27,1 - 2.2; + U n c l a s s i f i e d changes - n e t + *k + it. 7 -20.1 - + Net change i n c o m m e r c i a l , i n d u s t r i a l , and a g r i c u l t u r a l l o a n s +37.0 - 2.0 + 7.0 - 3.0 ,6 — .7 e2 .1 ,9 .2 .It .it - + • .it + 1.2 + .6 (including t r a n s p o r t a t i o n ) S t , Minne- Kansas| San F r a n Louis a p o l i s City- D a l l a s c i s o o P / —— + 6,5 - 1,6 - .5 .6 + 1.8 - ,8 + .3 + 1.1 + 1.1 - .1 + + + - 2.7 + 2,1 .2 — - .3 + 6,5 + .7 .3 - + l,it + 3-6 - - 6.it - .8 - .6 .1 .It .1 1.5 .3 — 1.6 1.1 .2 1.0 .9 + + + + + .9 - .it + 1.9 .2 .2 - 2.0 + .3 + .8 L r .5 - .2 + 3.0 + .6 .6 - 1.5 - k.0 + .5 ' • ) 3 ) •1 + .1 - 5.8 + .1 - 1.5 - ,4 + .5 + 2.5 •3 + .9 + 3.8 - .7 - .2 - .it — .1 + .3 + ,3 - .2 + - .7 + .3 + 1.1 + .2 - ,1 6.9 + 1,7 + It,6 + 3,5 - .9 - ,3 - ,8 + 1.0 + 2.9 7.1 - 3*7 + i.it - ho 5 + 1.9 - 2.7 - .2 + 5«o +12,1 - 2*0 + 6.0 - 1.0 + 1.0 - 3.0 - 1.0 + 6,0 +15.0 +lh.O + .2 p / P r e l i m i n a r y ; f i n a l t o t a l s w i l l a p p e a r i n t h e F.R. B u l l e t i n and San F r a n c i s c o D i s t r i c t f i n a l f i g u r e s a p p e a r i n a r e l e a s e of t h e R e s e r v e Bank, V'-Abmrt 220 w e e k l y r e p o r t i n g member banks a r e r e p o r t i n g changes i n t h e i r l a r g e r l o a n s as t o i n d u s t r y ; t h e s e banks h o l d over 90 per c e n t o f t o t a l commercial and i n d u s t r i a l l e a n s of a l l weekly r e p o r t i n g member banks and n e a r l y 70 p e r cent of t h o s e of a l l commercial b a n k s .
@FedFRASER