View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)
CHANGES

April 8, 1953

IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Repayments by practically all business classifications resulted in a
decrease of $68 million in commercial, industrial, and agricultural loans at
weekly reporting member banks during the week ended April 1.
The principal decreases were $21 million each in loans to manufacturers
of food, liquor, and tobacco products and to commodity dealers, $15 million in
loans to manufacturers of metals and metal products, and $10 million in loans to
the construction industry,
A decrease in loans to manufacturers of textiles, apparel, and leather
products amounting to $6 million was the first weekly decrease in this business
category since January 28,
The only businesses for which increases were reported during the week
were sales finance companies, amounting to $26 million, and the wholesale and
retail trade, amounting to $9 million.
Changes in loans during the week and since the year-end were as follows:

Business of Borrower
Manufacturing and mining:
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

Week
ended
April 1 -

/

Since
/
December 31—

(In millions of dollars)
- 21

6

- 15
- 5
- 5
+

9

-258

+lii8
+306
+ 32
+ 20
+126
-321

Trade — wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

- 10
2 h

+ 32
+ 7
- 16

Classified changes - net
Unclassified changes - net

- 53
- 15

h
1/ -126
i/

Net change in commercial, industrial, and agricultural loans

- 68

1/-130

p/

- 21

+ 26

-

2

- 80

Preliminary; see footnote on attached table,

1/ Excludes increase of $193 million in commercial, industrial, and agri~
cultural loans resulting from revision of series, March U, 1953.
In addition to the usual weekly table, a monthly table is attached showing changes during March 1953 compared with the preceding month, with March 1952,
and with the past twelve months.
All businesses increased borrowings in March except manufacturers of
food, liquor, and tobacco products and commodity dealers, for which repayments
continued. Over one-half of the net increase occurred during the week ended
March 18, and this vas the largest weekly increase since September 17, 1952, which
was also around a quarterly tax payment date.
Some of the largest increases in March were in loans to manufacturers of
metals and metal products, to the wholesale and retail trade, and to manufacturers
of textiles, apparel, and leather products, all of which increased at a more rapid
rate than in February, Another large increase was in loans to public utilities,
which had decreased during February, Loans to manufacturers and producers o£
petroleum, coal, chemicals, and rubber products, which had decreased slightly
during the two previous months, increased during March. The increase in loans to
the construction industry during March was the largest monthly increase in this
business category since May of 1952.



CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF TO5EKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, APRIL 1, 1953

H, 12 (a)

Business of Borrower
Manufacturing and miningj
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

(In millions of dollars)
New
All DisPhila- Clevetricts P/ Boston York delphia land

3.9
.9

-11*0
- .5

—

1.8
.7
.9

-17.1
- tl.O
- 2*5

:+9.0)

+
+

2*2
1.1

- 5*8
-

-20,7

+

3.6

-

Sales finance companies

+26* ii

-

2,0

Public utilities (including transportation)

- 1*8

-

Construction

- 9.9

All other types of business

-21.3
— 6*1
-llu7
- 5.3
- 5.1

-Trader*

-*

+

)

2.2

—

.U
.2

—

+

__

4mm . 8

.1
.1

+
w

.3
1.2

-

-

.7
.2

+

.7
.ii
.6

+
+

.7
.8

+

+
+

.1

—

2.5

-

436*3

- 2.5

-

1.6

1.5

+ 3.5

+

-

1.2

- 2*1

-

- 3.7

-

.2

+ .5

-

.5
1.0

Net change in classified loans,*/

-53.2

-

1*.8

- 3.7

-

W

Unclassified changes - net

-llu8

-

.2

-16.3

-

Net change in commercial, industrial,
and agricultural loans

—68,0

— 5.0

-20,0

— 5.0

.6

.7

*

.7

+

l.k

+

i.a

.1

+

3*6
1.0

** *6
+ 1*3
-10.8

-

4- *2

-

7,5

4- *6

4- 1 . 0

-

.h

-

.7

-

3*8

-

.2

-

.2

-

3.7

-

.9

-

.3
2.9

-

.3

—

.7

-

6.2

-

3.7

—

0

+ 2*0

4- . 2
— 6# 0

+

*3
4- eil
2,3

2*7

-

<*«w
.2
4- . 2

-

4
+

•

l.li
.1

•1

+ 1*6 4- *7
** # 1 4- *ii
+ *b 4- *2

1.1

+

+

1.0
3*1
4rle7
+

.5
.2

-

•2

- 2*1
- 1.9

+

-

2.5
.6
.1

1.7
.9

+ h.2
—

•k

2.2

*

.6
•6

4- . 6
4- . 2

-

*1

-

1.8

*5

-

.ii

-

.6

-

1.1

*

.5

-

.7

-

5.5

-

.It

-

3.9

"

5.8

+

+

*8

—

#8

(+ i
(+

2

)

+

4- • 3

.5
4- . 1

8,1

-1L1

4

—

3.2

- 5.8

3*9

+ a

-

-

1.8

+

1.8

—12*0 —llj.*0 + 2*0

-

— 5.0

)

+ l.k
+ 1.0

2*2

- 2.5

—
*5
2*7 - 1*7

00
hTx

+

^Commodity dealers

.6
4- . 6

.6
<h

.2
1.5

+

1.0
.7

-

+

Wholesale
Retail

San Fran- .
St. Minne- Kansas
cisco P/
Louis apolis City Dallas

Richmond Atlanta Chicago

1.8

+

3.6
.8

+ 8*8

** ^1* 0

3* 0

p/ Preliminary; final totals will appear in the F.R. Bulletin and San Francisco District final figures appear in a release of the Reserve Bank,
l/ About 210 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold nearly 90 P e r cent of
total commercial and industrial loans of all weekly reporting member banks and about JO per cent of those of all commercial banks*




H.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORT BIG MEMBER BANKS BY INDUSTRY

Business of Borrower
Manufacturing and mining;
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation equipment)
Petroleum, coal, chemicals, and rubber
Other manufacturing and mining

(In millions of dollars)
i+ weeks
U weeks
ended
ended
March 25, 1953 February 25, 1953

4 weeks
ended
March 26, 1952

12 months
ended
March 25, 1953

- 62.1
+ 78.6

-142.3
+ 68.9

-190.8
+ 7.5

+
+

71.7
24*2

+198.7
+ 39.6
+ 1*2.6

+ 31.8
- 1.1
- 7.3

+287.5
+ 49.1
+ 33.0

+

484.0

+

81.8

+143.3

+ 25.3

+ 36.2

+

276.9

Commodity dealers

-129,4

- 81.9

-119.2

+

59.3

Sales finance companies

+ 15.4

- 15.3

+ 54.4

+

545.3

Public utilities (including transportation)

+ 66.9

- 57.4

+ 54.0

-

15.2

Construction

+ 20.8

+

.2

+

.6

+

84.0

All other types of business

+

6.7

+ 26.2

-

7.3

+

187.9

+421.1

-152.9

+205.0

Unclassified changes - net

2/+ 25.9

+ 12.9

+

Net change in commercial, industrial,
and agricultural loans

2/+LL7.0

—140.0

+207.0

Trade —

wholesale and retail

Net change in classified loans!./

2.0

+

270.6

+2,070.5
2Z-

290*5

2/+1,780.0

l/ See footnote on preceding table regarding current coverage.
2/ Excludes increase of $193 million in commercial, industrial, and agricultural loans resulting from revision of the weekly reporting
member bank series, March 4, 1953*