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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) H.12 September 2, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Repayments of $67 million by sales finance companies and $lU million by manufacturers of metals and metal products were the p r i n c i p a l f a c t o r s in the SU9 million decrease 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 reporting member banks during the week ended August 26, P a r t i a l l y o f f s e t t i n g increases included $21 million in loans to manufacturers of food, l i q u o r , and tobacco products and $1$ million in loans to "other" types of business. Loans t o manufacturers of t e x t i l e s , apparel, and l e a t h e r products increased $7 million during the week? loans to t h i s i n d u s t r i a l category have shown small increases i n eleven of the twelve preceding weeks. Loans to commodity dealers increased in s i x d i s t r i c t s but declined in the other s i x , with the r e s u l t t h a t these loans increased only $1 million during the week. Changes i n loans during the week and since mid-year are shown below; the t h i r d column shows the changes during the comparable period l a s t y e a r : Business of Borrower Manufacturing and mining: Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Week / ended August 26 Cumulative since mid-year June 2U, Corresponding 1953 P/ period, 1952 (In millions of d o l l a r s ) + 21 + 7 - lit - 32 + 67 - 59 +1U3 + 57 -21U - 3 + 3 - U + 18 + 97 + 13 Trade — wholesale and r e t a i l Commodity dealers Sales finance 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 business + 2 + 1 - 67 - 36 +li*2 - 69 -127 + 18 + 90 C l a s s i f i e d changes - net Unclassified changes - net - la - 8 - 19 + lli - 1U + 58 + lU + 59 +102 - 8 Net change i n commercial, indust r i a l , and a g r i c u l t u r a l loans - U9 + 9U +11*2 p/ ••P - 5 + 15 Preliminary; see footnote on attached table* +11U + 28 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 2 6 , 1953 H. 1 2 ( a ) B u s i n e s s o f Borrower All Dist r i c t s P/ San Frans t ; Minne- Kansas RichD a l l a s A t l a n t a Chicago| Louis c i s c o P/ apolis City mond P h i l a - Clevede l p h i a land Boston (In m i l l i o n s of d o l l a r s ) Manufacturing and miningj 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 m e t a l products ( 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 rubber Other manufacturing and mining +11,8 + 6,0 +20.7 + -13.8 -3.0 4- Trades Wholesale Retail + 5.5 Commodity ^dealers S a l e s f i n a n c e companies Public u t i l i t i e s (including transportation) Construction A l l o t h e r t y p e s of b u s i n e s s Net change i n c l a s s i f i e d l o a n s ^ / U n c l a s s i f i e d changes - n e t 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 l o a n s + - 8.3 + 1.0 + *5 .h .1 .2 *3 - U.3 + .6 + l.l + 2.8 + .8 .2 .1 .2 + + .3 .1 + l.U - «5 + 5*7 .8 - 2.2 - 2.8 + 2.3 - 1.0 + .1 - .1 .9 .3 + - .5 .3 •U .8 - 3.5 + 1.7 - .8 - 1.5 - 5*8 + 1.7 + 1*5 - 1*3 - 2.9 - .2 - 2.3 - - .2 - .3 - .8 +8.0 - .2 .1 - .3 - i.U + l.U - 1.5 -11.5 - 1.2 + 1.6 - 3*8 - 5.9 + - .6 - 3*2 - l.l -11.8 + 1.0 - 7*0 - 7.0 - 2.0 .8 .3 + •1 + .6 + l.U - .5 * *2 - 1.3 - - 2.2 - 3*2 - 2.0 + .6 — + 2.3 + .2 + •1 + »5 + + .1 - 1.9 .3 — - 4- + — •h *5 + .2 — 1.2 - .9 .5 + .6 - 2.0 - .2 -27.5 + 2.6 + 5.5 — .6 — .6 — .1+ + .5 +2.5 + -22.0 + 2.0 - 1.0 - 9.0 - 1.0 .2 + .1 — .8 + *u + .i r + .6 + *li + 2.6 + .1 .9 + 8.5 + 2.0 + - + - - 6.0 *5 .1 — .5 .6 2.It + + 1.5 ™ + - + .1 *3 -6.7 + l.l + .5 — 5»U + — »1 - .1 + .2 - *U 9.8 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 appear i n t h e F.R. B u l l e t i n and San Francisco D i s t r i c t f i n a l f i g u r e s appear i n a r e l e a s e of the Reserve Bank. ^ cent of total
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