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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) September 15, 195% CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Net increases of $20 million in loans to the wholesale and retail trade, $12 million to commodity dealers, and $29 million to unclassified borrowers were partly offset by a decrease of $27 million in loans 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 September 8 was $31 million. The trade increase, which followed three weekly decreases, was reflected in most districts. Loans to manufacturers of food, liquor, and tobacco products, which increased $6 million during the week, decreased $17 million in the New York District but was more than offset by increases in ten other districts. 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 Week ended Sept. 8p/ Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining + 6 + 6 -27 + 5 - 7 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business +20 +12 -10 - 5 + 1 + 1 Classified changes - net Unclassified changes - net + 2 +29 Net change in commercial, industrial, and agricultural loans Cumulative since mid-year June 30 to Corresponding Sept. 8, 19!%/ period, 1953 (In millions of dollars) +31 p/ Preliminary; see footnote on attached table. + + - + - + - - 11 88 309 4l 19 + + + + 30 71 78 11 14 8 l4l 58 106 34 4 + + + + 8 5 38 68 7 73 272 783 +156 + 4 1,055 +160 CHANGES IN COMrtERCXAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, SEPTEMBER 8, 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 Trade: Wholesale Retail All Dis- Boston New Phila- Cleve- Rich- Atlanta Chicago St. j Minne-1KansasDallas San Francisco P/ Louis|apolis| City tricts P/ York delphia land mond of dollars) (In millions -17.2 + 1.2 + 1.0 + 5.6 + • 7 .6 + 2.0 .2 + 5-7 + 5.8 + 1.8 -26.5 + 5.3 - 6.8 2.1 1.2 -12.4 + • 5 + • 9 + 3-3 + .1 + .1 + .2 - 2.6 1.3 + .4 ( +19 5 - ) + 1.3 + .9 +11.4 + 1.9 + .1 + - 1.0 .2 .3 - 6.0 .2 • 5 + .3 - .9 • 5 + 2.0 •3 + .1 .1 + + .4 + 1.1 + • 3 + 3.2 + .4 .2 + .4 + .2 .7 .1 + 1.3 + 1.2 .4 + 2.3 + 8.2 + .3 .2 + .9 + 2.1 - Commodity dealers +12.3 - .6 + 5.4 + •5 + Sales finance companies -10.1 + .4 - 8.2 + .1 Public utilities (including transportation) - 5-2 - .1 - 4.2 - .4 + Construction + 1.4 + 2.0 - 1.2 + All other types of business + 1.0 - - - .2 + 3-1 + 1.9 Net change in classified loans + 2.4 Unclassified changes - net +28.6 • 9 -20.9 + 2.7 + 2.1 + 4.9 .7 Net change in commercial, industrial, and agricultural loans +31.0 + 3.0 + -l6.0 + 2.0 - - - - - 2.1 - 2.2 .9 + - 1.2 + 3.8 + + 7.3 + .2 .6 + .1 .1 + .3 1.3 .5 .1 + + .8 .2 + 2.6 + .6 .6 .3 .9 - 2.7 + .6 - 3.0 + 1.8) + ( ) - .2 .8 .1 + •3 .8 .3 + .2 - .5 + 1.2 + .4 - 1.1 - 5.8 - - .2 - .9 + 1.0 - .9 - .2 .5 + .9 .9 + 3.6 + .9 + .4 - 1.3 - 5.5 - 2.6 3.1 + 1.2 .9 + .8 +13.0 +19.3 + 7.9 + 1.1 - 2.3 - 5-9 -11.5 .3 + 8.9 +12.5 4.0 + 2.0 +13-0 2.0 + 3.0 + 1.0 .3 + .1 .4 .2 + - .5 + - - — - •3 + -- .3 + .1 + - — .9 + +19.0 + 8.0 + 2.0 - + 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 bank,3 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.
