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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate R e l e a s e )

September 30, 1953

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Decreases of $170 m i l l i o n i n l o a n s t o s a l e s f i n a n c e companies and $73
m i l l i o n i n loans t o p u b l i c u t i l i t i e s were the p r i n c i p a l f a c t o r s i n the $260 m i l l i o n 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 at weekly r e porting member banks during the week ended September 2 3 .
The decrease i n l o a n s to s a l e s finance companies was the l a r g e s t
weekly decrease i n t h i s b u s i n e s s category s i n c e January 1952 and was l a r g e l y
i n the New York D i s t r i c t , although n e a r l y a l l d i s t r i c t s showed d e c r e a s e s . The
decrease i n loans t o public u t i l i t i e s f o l l o w e d seven weekly i n c r e a s e s and was
l a r g e l y i n the New York and San Francisco d i s t r i c t s . Net repayments of $lU
m i l l i o n were made by the manufacturers of t e x t i l e s , apparel, and l e a t h e r
products.
The o n l y l a r g e n e t i n c r e a s e during the week was $ltl m i l l i o n i n loans
to manufacturers of f o o d , l i q u o r , and tobacco products. Loans to the wholesale
and r e t a i l trade and t o commodity d e a l e r s each showed n e t i n c r e a s e s of $11
million.
Changes i n loans during the week and s i n c e 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

Week
Cumulative s i n c e mid-year
ended
/ June 2U.'
Corresponding
September 23— 1953 —
p e r i o d , 1952
(In m i l l i o n s o f d o l l a r s )

+320
+ 6U
-208
+115
+ 31

Trade — w h o l e s a l e and r e t a i l
Commodity d e a l e r s
S a l e s 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 t y p e s of b u s i n e s s

+ 11
+ 11
-170
- 73
- 6
- 12

+ 27
+ U5
-190
+ 61
+ 12
+ 82

+ 15
+286
+ 73
- 77
+ 22
+H5

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

-21h

+256
- 18

+751
+ 68
+822

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
p/

+ hi

- 1U
-

l

- U6
-260

Preliminary; see f o o t n o t e on attached t a b l e .




CM
+

- 3
+ 1

+166
+ 61t
- 65
+ 37
+ 17

CO

M a n u f a c t u r i n g and m i n i n g :
Food, 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
Metals and m e t a l p r o d u c t s
Petroleum, c o a l , c h e m i c a l s , & r u b b e r
Other m a n u f a c t u r i n g and mining

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
YiEEK ENDED WEDNESDAY, SEPTEMBER 23, 1953

H. 1 2 ( a )

Business of Borrower
M a n u f a c t u r i n g and minings
Food, 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
m a c h i n e r y & 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
Commodity d e a l e r s
S a l e s f i n a n c e companies
Public u t i l i t i e s (including t r a n s p o r t a t i o n )

A l l Dis-,
t r i c t s P/

Boston

+1*1. i*

+ 2.7

-

+ 1*.7
+ 5.6

- .1* * 1.9 -

.3
.3

- .9
+ .5

+ .7

+11.3
-170.1
-72.5

-

-11.5

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

-2124.3

-1*5.7

-260,0

- 1,7
+ .1
- .1

.1* - ,6
+ , 6 + .2
—
- .1

+ .5
- 1.9
+ ,1

+ 1.5
- U.9

+

1.1
2.7
.8

-

.5

-

+11.0

A l l o t h e r t y p e s of b u s i n e s s

+13.3
- ,8

-

- 2.1

.7

+ .3
+ ,1

- .5
+ .1
- 1.3

+ it, 1

+ .2

+ ,1*
- ,3

+ 7.3
+ 3*1:

- ,6 - 7.0
- .5 + 2.1
+ .1* - . 5

+ .6

-

- .9
+ .2

-

.8

- 1.2
- .3

- 1,1* + .1* + 2,0
- ,2 — .7 + . 1

- 1.2
- 3.3

.7

San Fran-,
S t . Minne- Kansas I
Dallas cisco P /
Louis a p o l i s C i t y

7.0
l.l*

+19.1
- 7.6

- 2,7

+
-

+

+
+

+ 1.7

-

,h

+ 2,6

+ 2,1*

+

- 2.5

-105.3

-1*2.5

- 7.8
- .1

- 2.8

- 3.8

-13.7
+
.9

- 2.3
- .2

—

— 2,1

+

-

.5

+

-11,9

+

+

,k

+ .9

-23.9 - 5.7 - 1.2 + .2 +

-

.9

.6

.1*

+ 1.0

.1*

~

2

m

+ .6

+ ,6

+

.1

*

.1

- l*.l
- .1

- 1*.8
-20.9
- 1.2

-1*5.0

+ 1.9

- !*.l
+ l.l

+ 5.0

- 1,0

- 3.0

- 5.0

+

.1

-23.8

+3.1

- 1.1

- 2,3

- 3.2

-

.1

- 6,2

- 2.0

-12.0

-17.0

- 2,0

-30,0

— 1.2

- 2.1

,1*

.7
.3

+ 1.2

)

+

-

.7
1.0

—

•U

-1,5
- .1
-1.5
- .5
- 3.8
- 1.2

1.5
.1

—10.9 —ll*,7

—

.1*

.6

- 1*,8 -l3U.il
+ 2,8
-13.6
-11*8.0

.3
,2

.1*

+ 6,8

3*0

.1*

.2

+ 2.1

,1*

— 6*2

U n c l a s s i f i e d changes - n e t

P h i l a - Cleve- R i c h mond A t l a n t a Chicago
d e l p h i a land
( I n m i l l i o n s of d o l l a r s )

-13,8

Construction
Net change i n c l a s s i f i e d l o a n s i /

New
York

- 1.2

+ .3

+ .1*
,6

- 1.0
-21.5

-23.5

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 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 appear i n a r e l e a s e of t h e Reserve Bank.
l / About 215 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 loans as t o i n d u s t r y ; t h e s e banks hold over 90 per c e n t of t o t a l
commercial anri i n d u s t r i a l loans of a l l weekly r e p o r t i n g member banks and n e a r l y 70 per c e n t of t h o s e of a l l commercial b a n k s .