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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 + - 7 5 ( 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 - 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 + .8 + .6 + 2.6 -12.0 - 3.6 - .5 - .It + 7.0 Tradej Wholesale Retail - k* 9 - 3.8 + 1.8 S a l e s f i n a n c e companies + + .1 + 3 . 7 .1 + .2 - .8 + 7.U .3 - .1 - .2 + 1.6 .5 — .6 + .1 .2 + 2.2 + .3 .2 .6 .1 - .U + 1.5 .3 .5 + - 5.7 .3 .6 - .5 + »3 + - .1 - "Commodity d e a l e r s 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 + 1.2 — — 1.2 — - 1.1 - + .2 + -. 1 + .5 - h.7 - 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+ ) ( + .3 .5 - + 1.3 - 1.2 — + 2.7 + 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 - .6 - .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
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