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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) April 30, 1952 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE The $180 million decrease in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended April 23 was reflected in practically every business category and Federal Reserve District. The largest repayments were made by manufacturers of food, liquor, and tobacco products, amounting to $52 million, and by manufacturers of petroleum, coal, chemicals, and rubber products, amounting to $32 million. The decline of $18 million in loans to manufacturers of textiles, apparel, and leather products was one of the few substantial weekly declines in this business category since last December; it was reflected in every District except Richmond. The public utility decline of $16 million was largely in the New York District. Manufacturers of metals and metal products reported a small decrease for the second time this year. Changes in loans during the week and since the year-end were as follows: Business of Borrower Week ended / April 23=- Since / December 26±-' (in millions of dollars) Manufacturing and mining; Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business — 52 —652 - 18 - - -111 - U - 32 - 1 U - 10 + 2 - 16 -138 -331 - 88 — — 26 - Ih - 72 —50U Classified changes - net Unclassified changes - net Net change in commercial, industrial, and agricultural loans 1 +99U +155 + 70 -216 -180 -720 Purpose Classification Defense Non-defense p/ - 27 -119 preliminaryj see footnote on attached table. +589 -1,092 CHANGES IF COMMERCIAL AND INDUSTRIAL LOANS JOF A SAMPLE' OF VVEEKLY REPORTING MEMBER BANKS BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, APRIL 23, 1952 H, 12(a) Business of Borrower Manufacturing and. minings 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 j Wholesale Retail Commodity dealers Sales finance companies Public utilities (including transportation) Construction All other types of business Net change in classified loansV' Unclassified changes - net Net change in com'l,ind'1,& agr'l loans (In millions of dollars) A H Dis— Phila- CleveNew Boston tricts p York delphia land -51.8 -17.8 - 1.5 - 2,9 - 3.5 -32.1 + + + - 1.1 < , ,) 5 5 r * ) - 9.5 + 2.1 -15.5 + .1 -lit,2 -lli6.8 -33.2 -180,0 .6 .3 .it .It + .2 „ 1.6 .7 .2 + + — - .2 ,6 -25.1 - 2.5 - 1.5 l.k- 1.2 - 7.U - - it.it + 1.6 + 1.8 .1 + ,9 -9.6 - .7 — 1.2 — 1.1 — 1.6 — .2 — 2,ij. -- - .3 - 3.0 — 1.9 - - - 1.2 .1 + .1 - 2*0 •1 + 1.8 - *5 - it.9 + 1.0 -iit.i + .1 + .u .it - — .8 + #2 •5 6,3 1,7 - 8,0 - - + .1 - - ,2 + — - -lit. 7 + - 5.1 + 3.9 1.7 -1*1.9 -16,1; —— - 5. it -93,8 -20.2 -lllt.O — - .3 .1 .1 .it - it.3 - 2.8 - .9 + .It - .8 2.1t + .it — 2.0 -22.8 - 6.2 -29.0 + + .8 .9 - .1 + .3 4* .5 It.6 it.it 9.0 14.9 1.1 — l.lt .6 + •8 + + 1,0 •2 + - - 1.2 .1 - 1.0 -10,8 .2 .7 2,5 + .1 .1 — — - + 1.6 .it .7 1.9 + .7 .7 + + .5 - .h + + - .3 - .2 -- + 1.2 - .2 .3 5.7 .3 6.0 - 1.8 + — - + .6 .1 ,1 ,2 1,6 + 1.9 ,6 *- - + 1.8 — 6.7 - l.lt — - 1.1 + 2,3 — — .6 — .6 (+ 11\ ( 1.7) + 3.1 + - -.it - --2U.8 - .2 - 2.8 - .1 - .2 - 2.9 — .It + .1 — 1.1 + .1 — .1 + 1.6 + .2 - .3 + .1 - .8 .7 6.0 San FranSt. Minne- Kans as Dallas cisco P/ Louis apolis City RichAtlanta Chicago mond - - ,7 3#3 •3 3.0 - -10.5 + .6 -10.3 -12.2 - lt.7 + .1 Net change in classified -11*6.8 1/ loans jv -98.5 -19.3 - 1.0 - ,2 2.2 - 2.8 ,6 5.9 + .2 + .1 + — .3 .5 .1 - 1.7 — + 1.1 - 2.7 - it. 9 -93»8 «• - it. 6 - ,5 + 1.7 6,3 .1 1.9 — — - + - .2 2.it ,6 - .1 + 1.6 - 1.6 - .6 + .1 -23.8 - 5.1 .1 + .1 + + .3 - .1 - 5.7 -22.8 p / Preliminary; final totals will appear in the F.R. Bulletin and final San Francis00 District figures appear in + .1 + •* 1.9 - - - - - - .3 .9 .2 - + + - .1 1.0 »6 - .3 2.3 2.0 .2 - 1,0 + .9 -f 3.6 •1 lw6 + it. 0 l.lt .it •k " - ,2 + it.3 1.0 Purpose Classification Defense contracts Defense-supporting activities• Plant and equipment All other Non-defense activities t Inventory and working capital Plant and equipment Retirement of non-bank debt and preferred stock All other (for loans classified) il.2 l.lt 1.6 - 5. it + + 2.it .it 3.0 + 1.3 - .2 - - + 1.0 + .5 - .it 1.8 - 3.3 - 1. it -f .3 release of the Reserve Bank, l / About 220 weekly reporting member banks are reporting changes in their larger loans as to industry and purpose; these banks hold nearly 95 P e r ~ forceijt of total commercial and industrial loans of all weekly reporting member banks and about 75 P e r cent 01 those of all commercial banks. Digitized FRASER
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