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V

GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)

December 10, 1952

C H A J G ^ I N COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Increases of $51 million in loans to manufacturers of food, liquor,
and tobacco products, $38 million to the wholesale and retail trade,
million to sales finance companies, and $12 million to commodity dealers
were offset in part by decreases of $15 million in loans to manufacturers
of metals and metal products and $11 million to public utilities, wi
result that commercial, industrial, and agricultural loans at weekly reporting member banks increased $73 million during the week ended J)ecember_j^
The increase in loans to the wholesale and retail trade was the
second largest weekly increase this year in this business category
nearly two-thirds of it was to wholesalers; it was reflected in most districts ,
An increase in loans to commodity dealers of $22 million in the
New York District was offset in part by a decrease of $12 million in
e
Chicago District. Most of the decrease in loans to manufacturers of metal
and metal products occurred in the New York District«
Changes in loans during the week and since mid-year were as follows:

Business of Borrower

Week
ended
December 3£

V

Since
,
June 252'

(In millions of dollars)
Manufacturing and minings
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining

+ 51
- U
- 15
+ 3
- 5

+737
- 11
- U5
+207
+ 65

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

+
+
+
+

h

+265
+671
+169
- 79
+ 22
+133

Classified changes - net
Unclassified changes - net

+io5
- 32

+2,13k
+ 31

Net change in commercial, industrial, and agricultural loans

+ 73

+2,165

pj

38
12
31
11
1

preliminary; see footnote on attached table.

In addition to the weekly table, a monthly table is attached showing changes during November compared with the preceding month, with November
1951, and with the past twelve months.
Except for continued repayments by manufacturers and producers of

dealers increased by smaller amounts in November than in October, indicating
that the peak of the crop movement may be over.
Loans to manufacturers of metals and metal products and to the
wholesale and retail trade increased at a somewhat slower rate than in the
previous month. Loans to sales finance companies increased during November
in contrast to a small decline in October and in November 1951. Loans to
public utilities also increased in November in contrast to a decrease in
October and an increase of a nominal amount in November 1951.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, DECEMBER 3, 1952

H. 12 (a )

(in millions of dollars )
Business of Borrower
Manufacturing and miningj
Food, liquor, and tobacce
Textiles, apparel, and leather
Metals and metal products (including
machinery & transportation equipment)
Petroleum, coal, chemicals, and rubber
Other, manufacturing and mining

All Dis-,
tricts P/ Boston

New
York

Phila- Clevedelphia land

Richmond Atlanta Chicago
.5
.5

+10.ii
- .1

+
-

-

.7
.2
.2

- 1,1
- .1
- .2

+
+

.1

- .1
+2*1

+ 1.8
.t
i

+ 2.9
- 1.5

*

.2
.1

+

+ 1.5

-12.it

+

.5

+

+ ii.O

+55.9
- 5.8

- 1.6
.7

+ 5.5
- .1

+

-lit. 9
+ 5.U
- it. 7

+ 1.1+
- .6
- 5.2

- 7.8
+ 2.9
+ 1.5

- 5.8
- 5.6
•- *2
»

- .2
+ 1.8
- 1.5

-

+

+18*7 + 1.3
+ 9. i + 1*1
t

-

.5
*5
.5

.7
—

.2
.1
.1

Seta11

(+57.8 ]

.2
.3

Commodity dealers

+11.6

+ 2.6

+21.7

+ 1.1

-

Sales finance companies

+51.2

+

+26.0

- 2.2

+1.0

Public utilities (including transportation)

-10*6

+ * 7 + 1.8 - .1 - 2.1

Construction

-

-

All other types of business

+ ii.O

Net change in classified loansV'

*5

+10lu8

,9

.9

+ 1.5

- l+l
+

.9

.t
i
--

+

.9

-

+ 1.1
.1

+ .8 - 1.8

+ 5.2
+ 1.9

.1
.6

.8

+
-

+51.0
- 5.5

Tradej

--Wholesale

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

.5
+

—

+

— —

- 2.5
+ .1

- .t
I
- It. 8
- .7

- 2.6
+ 7»lt
- *2

+

-

*8
.5

+

.2
.1
.5

.
2

.5

+ .
1

1,0 - 2.2

c-)

+ .
6

- 5.2

+ 5.1

+

. - .
2
1

+

( 1 7

.7

.9

2
- . - . -12.0
1
+ .2 + .9
- ,2

.5

-

,5

+

,2

.It

+

+ .2
+ .8

-

,6

-

.t
I

+ 1.2

2
5
+ ,6 - .7 - . + . - .2 + 1.2

+ 2.8

+ 5.7

+ 5.1t

+

-

.it

+ 6.2

1.9

+5.0

+ 7.0

- 6.0

+ 7.1* + 1 Q M

- 7.8

+ 2,h

+

.5

Unclassified changes - net

-51.8

-

.it

-16.1

- 5.2

- 6* i t

Net change in commercial, industrial,
and agricultural loans

+75*0

+ 7.0

+88.0

-11.0

-it. 0

.8

.7

+2,0

+5*0

-

•5

+ l.lt

+ 1.2 — 1.0 .8

.8

1*. 1

-

.5

- 6* i
t

- 5.0

-5.5

+ l.lt

- lt»o

- 6.0

- 5.0

- 7.0

p / Preliminary; final totals will appear in the F.R. Bulletin and final San Francisco District 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 oxrer 90 per 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 REPORTING MEMBER BANKS BY INDUSTRY
(In millions of dollars)
i weeks
t
^ weeks
4 weeks
ended
ended
ended
November 26, 1952 October 29, 1952 November 28, 1951

I'd months
ended
November 26, 1952

+156.1
- 17,0

+210.1*
- 54.3

+162,0
- 93.3

+ 67.7
-130.6

+ 66.7
+ 16.5

+116.5

+ 2.7

+111.4
+ 12.3
+ 36.2

+ 21.2
+ 28.3

+1,300.9
+415.7
+183*0

+ 91.1

+121.6

+ 30,4

+ 67*4

Commodity dealers

+112.1

+261.6

+169.4

+184.3

Sales finance companies

+ 65.3

-

-

4.3

+ 58.5

Public utilities (including transportation)

+ 68.5

- 59.7

+ 2.6

- 39.9

Construction

-

2,9

+

3.9

- 20.5

+ 24,0

All other types of business

+ 21.3

-

8.0

9.6

+153.2

Net change in classified loans*/

+610.4

+665# 1

+402.7

+2,284.2

Unclassified changes - net

-

8.4

+ 2.9

-108.7

-273.2

Net change in commercial, industrial,
and agricultural loans

+602.0

+668.0

+294.0

+2,011.0

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
Trade —

l/

wholesale and retail

See footnote on preceding table regarding current coverage.




.3