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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
He12

(For Immediate R e l e a s e )

September 9 , 1953

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
I n c r e a s e s o c c u r r e d i n most i n d u s t r i a l c a t e g o r i e s , r e s u l t i n g i n a $78
m i l l i o n i n c r e a s e 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 a t w e e k l y
r e p o r t i n g member b a n k s d u r i n g t h e week ended September 2 . The p r i n c i p a l i n c r e a s e s
were $30 m i l l i o n t o m a n u f a c t u r e r s of f o o d , l i q u o r , and t o b a c c o p r o d u c t s , ^ 5 m i l l i o n t o s a l e s f i n a n c e c o m p a n i e s , and $12 m i l l i o n t o " o t h e r " t y p e s of b u s i n e s s ,
The o n l y n e t r e p a y m e n t s r e p o r t e d b y i n d u s t r i a l c l a s s i f i c a t i o n s were -$12
m i l l i o n b y m a n u f a c t u r e r s of m e t a l s and m e t a l p r o d u c t s , S5 m i l l i o n b y commodity
d e a l e r s , and $3 m i l l i o n b y t h e c o n s t r u c t i o n i n d u s t r y .
Changes i n l o a n s d u r i n g t h e week and s i n c e m i d - y e a r a r e shown b e l o w ;
t h e t h i r d column shows t h e c h a n g e s d u r i n g t h e comparable p e r i o d l a s t y e a r :

B u s i n e s s of Borrower
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
M e t a l s and m e t a l p r o d u c t s
Petroleum, coal, chemicals, & rubber
O t h e r m a n u f a c t u r i n g and m i n i n g
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
O t h e r t y p e s of b u s i n e s s
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
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
p/

Week
Cumulative s i n c e mid-year
ended
June Z U } /
Corresponding
September 2 R' 1953 W
p e r i o d , 1902
+ 30
+ k

- 12

+
+

7
3

+
-

( I n m i l l i o n s of d o l l a r s )
+161
—
w
+ 57
+ 71
-216
- 75
+ 9k
+ 3
+ lh
+ 21

7
5

- lh
+ 9
+ 1
+ 69
+ 11
+ 70

- 37
+170
- 29
-118
+ 17
+ 89

——

+166
+ 6

+203
+ 31

+ 78

+172

+233

+ 25

+ 10
- 3
+ 12

+ 78

P r e l i m i n a r y ; s e e f o o t n o t e on a t t a c h e d t a b l e .

I n a d d i t i o n t o t h e w e e k l y t a b l e , a m o n t h l y t a b l e i s a t t a c h e d showing
changes d u r i n g August compared w i t h t h e p r e c e d i n g month, w i t h August 1952 , and
w i t h t h e p a s t t w e l v e months *
I n many r e s p e c t s , August r e f l e c t e d a r e v e r s a l of p r e v i o u s t r e n d s , Loans
t o m a n u f a c t u r e r s of f o o d , l i q u o r , and t o b a c c o p r o d u c t s showed a m o n t h l y i n c r e a s e
f o r t h e f i r s t t i m e t h i s y e a r and l o a n s t o m a n u f a c t u r e r s and p r o d u c e r s of p e t r o leum, c o a l , c h e m i c a l s , and r u b b e r p r o d u c t s showed t h e f i r s t m o n t h l y i n c r e a s e s i n c e
May. F o l l o w i n g two months of i n c r e a s e s , l o a n s t o s a l e s f i n a n c e companies d e c l i n e d
i n A u g u s t . Loans t o p u b l i c u t i l i t i e s i n c r e a s e d i n August i n c o n t r a s t t o a d e c l i n e
i n J u l y . Loans t o commodity d e a l e r s , which i n c r e a s e d i n J u l y , showed a s m a l l d e c l i n e i n A u g u s t ; t h i s was i n c o n t r a s t t o a s i z a b l e i n c r e a s e i n August a y e a r a g o .
F o l l o w i n g a d e c l i n e i n J u l y , l o a n s t o t h e c o n s t r u c t i o n i n d u s t r y showed a l a r g e r
i n c r e a s e i n August t h a n i n a n y month s i n c e March.
Previous t r e n d s continued i n l o a n s to m a n u f a c t u r e r s 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 ; t h e s e l o a n s i n c r e a s e d f o r t h e t h i r d c o n s e c u t i v e month*
Loans t o m a n u f a c t u r e r s of m e t a l s and m e t a l p r o d u c t s and l o a n s t o t h e
w h o l e s a l e and r e t a i l t r a d e , which had d e c l i n e d i n J u l y , c o n t i n u e d t o show d e c l i n e s
i n August b u t a t a l e s s r a p i d r a t e .
W i t h t h e e x c e p t i o n of l o a n s t o commodity d e a l e r s , a l l b u s i n e s s c a t e g o r i e s showed c h a n g e s i n t h e same d i r e c t i o n a s i n August 1 9 5 2 ; b u t t h e n e t i n c r e a s e i n b u s i n e s s l o a n s was l e s s t h a n i n August 1 9 5 2 .



CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, SEPTEMBER 2 , 1953

H. 1 2 ( a )

B u s i n e s s of Borrower
M a n u f a c t u r i n g and m i n i n g i
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
O t h e r m a n u f a c t u r i n g and m i n i n g

All Dist r i c t s P-

Boston

New
York

.1 + 3 . 7
.1 + .2

-12.0

- 3.6
- .5
- .It

+ 7.0

Tradej
Wholesale
Retail

+
+

- k* 9

"Commodity d e a l e r s

+ 1.8

S a l e s f i n a n c e companies

.3

-

.1

- .2

+ 1.6

— .6

+ .1

.2

+ 2.2
+

.3

.6
.1

- .U
+ 1.5

.3

.5

+

- 5.7

.3

.6

.5

+

»3

+

-

- 3.8

+ 7.U

.2

-

.1

-

- .8

.5

+ .8
+ .6

+ 2.6

San F r a n - .
Minne- Kansas
D a l l a s CISCO P /
L o u i s a p o l i s j City-

P h i l a - C l e v e - | RichChicago
mond A t l a n t a
delphia land
( I n m i l l i o n s of d o l l a r s )

.1

+ .2

- 2.5
- .9

+ .It
-1.1
.1

.2

-

+ .2
+

-. 1

.5

+

.5

- 2,h

+ 3.0 - 1.0

— 1.8

- U. 5

+

- 3.9

ii«2

.2

+

.1

+

.3

+

.9

+

.2

Construction

- 2.8

—

+

,5

+

.2

-

.5

+

.ij.

-

.2

-

.6

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

+11.7

+ 1.8

.7

-

+ 7.5

~

.ii

+

-

.9

- 3.7

+ U.9

+ .6

+ 9.7

+

Net change i n c l a s s i f i e d l o a n s . ! / '

l.U

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

- 3.1

+ 1.7

+

-

-2.7

-

.It

- U.0

- 2.0

+5*0

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

+78.0

+ 6.0

+68.o

.1

•6

+ 7.0+1.0

+

—

•9

+ .1

+ .2

+ .2

+

— .2

+ 3.9

.it

) -

2.1+ )

(

- h.7

-

—

-

+ 1.3

- 1.2

—

+

+ 1.1

(including t r a n s p o r t a t i o n )

.1

+ 1.6 + .1 + .2 - .1 (-

+ 9.8

public u t i l i t i e s

.5

-

+ 2.7

.3

.6

— 1.2
—

- 1.1
-

+ 1.2
—

-

.7

+

. It

.2

- 1.5

-

.7

+ .1

-.1

- l.li

-

.5

.1

.1

- 2.7

-

.5

— *3

- 2.0

— 6.8

+ 2.0

+

-1.0

+2.8

+2.0

- 3.0

-14.0

+ U.o

.3
—

-

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 . 8 . 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.




CHANGES IN CCI2ERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
( I n m i l l i o n s of d o l l a r s )
B u s i n e s s of Borrower
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
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
and t r a n s p o r t a t i o n e q u i p m e n t )
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
O t h e r m a n u f a c t u r i n g and m i n i n g

4 weeks
ended
August 2 6 , 1953

12 months
4 weeks
ended
ended
|
August 2 6 , 1953
August 27, 1952

5 weeks
ended
J u l y 2 9 , 1953

+167.2
+ 36.7

+

40.3
120.3

-105.3
+ 67.7
+ 7.4

+
+
+

597.0
139.7
135.4

- 15.6

-

3.2

+

363.8

- 11.4

+ 24.8

+ 83.1

-

99.3

S a l e s f i n a n c e companies

- 60.4

+ 36.3

- 36.5

+

499.1

Public u t i l i t i e s (including transportation)

+ 76.1

- 16.9

+ 37.7

+

213.8

+ 18.6

— 4.6

+ 12.4

+

26.0

+ 49.7

+

8.9

+ 36.4

+

152.3

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

+201.0

-113.0

+303.6

+2,107.8

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

+ 47.0

— 41.0

+ 48.4

-

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 loans

+248.0

-154.0

+352.0

+1,783.0

+ 89.1
+ 32.6

-119.0
+ 34.4

- 12.7
+ 17.6
+ 6.8

- 50.4
- 21.4
+ 10.5

T r a d e — w h o l e s a l e and r e t a i l

-

5.0

Commodity d e a l e r s

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

1 / See f o o t n o t e on p r e c e d i n g t a b l e r e g a r d i n g c u r r e n t c o v e r a g e .




1
1

!

324.8


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102