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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

October 20, 1954

CHARGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Net increases of $47 million each in loans to manufacturers of food,
liquor, and tobacco products and to the wholesale and retail trade, $17 million to
commodity dealers, and $14 million to manufacturers and producers of petroleum,
coal, chemicals, and rubber products were partly offset by decreases of $43 million
in loans to sales finance companies and $15 million to manufacturers of metals and
metal products. The net increase in commercial, industrial, and agricultural loans
at weekly reporting member banks during the week ended October 13 was $88 million.
The increase in loans to the wholesale and retail trade was the largest
weekly increase in this business category since March 1953* These loans have now
increased for six consecutive weeks; the current increase occurred in all but one
district. The increase in loans to commodity dealers was largely in the St. Louis
District.
Changes in loans during the week and since mid-year 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
Trade — wholesale and retail
Commodity dealers
Sales finance companies
Public utilities & transportation
Construction
Other types of business

Week
ended
.
Oct. 132/

Cumulative since mid-year
June 30 to
. Corresponding
Oct. 13, 1 9 5 W
period, 1953
(In millions of dollars)

+47

+ 1

-15

+14
+ 1

+47
+17
-43
- 2

+ 8
+ 3

+223
+ 99
-443
- 5
- 9

+312
+ 37
-209
+ 50
+ 10

+112
+276
-164
-180
+ 46
+111

+ 82
+154
-143
+ 33
+ 10
+ 79

Classified changes - net
Unclassified changes - net

+77
+11

+ 65
-759

+413
- 9

Net change in commercial, industrial, and agricultural loans

+88

-694

+404

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, OCTOBER 13, 195^

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

All Dis 7
Boston
tricts B/

+47.0
+ 1.4

+ 3.4
+ 1.9

-15.1
+13.5
+ 1.1

New
York

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

+31.0 + •3 +
+ 1.8 + 1-7 -

3.4
-

- 4.9
+14.9 +
.8 + 1.7 +

.8
.5
•5

.3 + 1.8

.8
3.9

-

-

.4

-

.5

w *»

+
-

.1
.2

+

.9

+
+
+

.7
.7

San FranSt.
Minne- Kansas
Dallas
cisco EZ
apolis City
Louis

+ 2.9 + 2.9 +
-1.5 - 1-3 + 1.3

+ 1.0

- 1.4 +
-

+

.7

•5

.2

.2
.2

-

.6

-

.7

-

.8

•3

+ 2.4
+ .1
.4
+ 1.5
.4
-

+ 1.5
.1
-

+

1.8
.3
.3

"

Trade:
Wholesale
Retail

1+47.oj

+ 4.4
+ 3-5

+ 3.4
+12.0

Commodity dealers

+16.6

+ 1.4

- 4.9 + 2.7

Sales finance companies

-42.9

+ 1.8

-23.6 +

.2

-

Public utilities (including transportation)

- 2.4

+

.3

-

.4 +

•5

-

Construction

+ 7.9

-

.3 +

.8 +

.1 +

All other types of business

+ 2.9

)

• 5 +10.7

+ 2.9 + •7 + .4
+ 1.6 + 2.0 + 1.7

-

-

1.0

-

Net change in classified loans^

+77.0

+11.7

+42.5

+ 9.2

-

Unclassified changes - net

+11.0

+ 1.3

+ 5-5

-

6.2

-

Net change in commercial, industrial,
and agricultural loans

+88.0

+13.0

+48.0

+ 3.0

-

.6 +
1.0

-

•7
2.5

+ 1.5
+ 1.6

+ 1.8 + -5
+ 4.5 + 2.7 +

+ 3.1

- 1.8 +12.2

-

.3

-13.5 + 4.0

.9

.2 +

.3

+

.2 +

.4

+ 1.0

+

+

- 3.1

• 3 + 3.0
8.5

+ 5-2

.5 + 2.8
9.0

+ 8.0

+ 1.5 (+
+
•7 (

.1

+10.9
-

.9

+10.0

- -

+

-5 +

+

.7
.6

-

•9

+ 2.2

.2
1.6

3.4

-

2.0

.1

-

1.2

+ 2.7

-

.8

-

-

1.9

-

2.7

+

+ 2.0

g)
.0)

- 7.9 +20.1

.1

-12.0 +20.0

+

.6

-

- -

-

.7

-

-

"

.5 +

- 4.1

.6 +

.8 + 2.9

+

.3

+ 1.1

+ 5-1

12.7

-

1.3

+ 4.9

-

.1

+ 9-7

-

1.0

+ 6.0

+ 5.0

-

8.9

3.0

2/ 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 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.