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(Ll V • t;v- * IL1 w BOARD W,GOVERNORS OF THE>FEDERAL RESERVE SYSTEM H.12 * -(For Immediate Release) December 31, 1952 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increases of $6U million in loans to sales finance companies, $1*3 million to manufacturers of metals and metal products, $35 million to manufacturers of food, liquor, and tobacco products, and $23 million to commodity dealers, were partly offset by decreases of $52 million each in loans to the wholesale and retail trade and in unclassified loans. The net increase in commercial, industrial, and agricultural loans at weekly reporting member banks was $72 million during the week ended December 2ij, After decreasing during the two previous weeks, loans to commodity dealers again increased; most of the increase was in the New York District but it was also reflected in six other districts. The trade decrease was largely in loans to the retail trade in the New York and Chicago districts; it was the largest weekly decrease for nearly a year, Loans to manufacturers of textiles, apparel, and leather products decreased for the sixth consecutive week; decreases were reported in nine of the districts. Changes in loans during the week and since mid-year were as follows: Business of Borrower Manufacturing and mining i Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining Week ended , December 2ltE' Since , June 252/ (In millions of dollars + — + + - 35 10 1*3 5 8 +829 - 26 + 72 +235 + 55 + + + + 52 23 6U 9 3 17 +223 +668 +338 - 18 + 15 +159 Classified changes - net Unclassified changes - net +12U - 52 +2,550 - 26 Net change in commercial, industrial, and agricultural loans + 72 +2,521 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business p/ Preliminary; see footnote on attached table# ) x/ CHANGES IN COMHERFIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT» WEEK ENDED WEDNESDAY, DECEMBER 24, 1952 Business of Borrower ifacturing and mining: >od, liquor, and tobacco ixtiles, apparel, and leather stals and metal products (including machinery & transportation equipment) rtr oleum, coal, chemicals, and rubber :her manufacturing and mining let lolesale ?tail aodity dealers (in millions of dollars) All DisNew Phila- Clevetricts Pz Boston York delphia land + 5.0 - 3.1 +19,2 -4.8 »l +43.1 + 5.1; - 7.9 + ,6 + .it — +21.1 + it.ii — 8.it .8 .2 .3 .8 - .7 - 32.4 +16.8 - .1 + 7.0 + + .9 2.2 +27.5 + .3 + 2.9 + 1.7 1.5 - 1.3 z-52.ii e 4 \ ) - ( ^ — 1.1 - .4 * - .5 .3 + 8.6 - 5.3 + 5.2 - .1 + 2.7 itruction - 2.7 - 1.5 - - ,1 +16.8 + 1.7 + .5 + 2.2 - .2 +48.2 1.8 - l i t . 2 + — 8.8 2.8 +19.3 - 1.3 2.0 + 6,0 +18.0 Unclassified changes - net Net change in commercial, industrial, and agricultural loans +123.6 -51.6 — +72.0 - - .2 +34.0 .5 .6 .4 i.i .4 .9 .1 .3 .1 + .6 Lie utilities (including transportation) -#• - + 4.3 + •1 js finance companies Net change in classified l o a n s V + .6 +35.3 -10.0 +23.3 +61.1 other types of business Richmond Atlanta Chicago — .6 .6 + — + + + h*7 •7 8.1i •1 •3 St, Minne- Kansas San Fran—, Louis apolis City Dallas| cisco P>/ - + + — • 1.4 .2 + 1.2 - 1.2 — .5 + .4 - 3. it - .1 .9 .1 1.0 + 1.9 - A - 1.7 + . 5 — + .1 + .5 - 1.3 - .6 - 2.0 - 1.3 .8 - 2.9 - 7.2 — 2.4 1.2 - 1.1 + .9 - 6.1 + 4.7 +17.4 + + 2.1 + 2.4 — — * * - 2.5 - 1.6 - 1.2 - + 5.0 + .4 + + .4 - 1,0 , .1 + 6,4 - +30.2 - 2.2 5.1 4- . 1 - 2 # 6 +28.0 — + .6 + .6 + 2.2 + - 3.2 + 7.9 .1 - 1.0 + 8.0 .7 + — — - #2 - 7.0 - ( r lel ) + + + .1 .9 4.9 2.0 1.0 + 1.9 - .8 + 4.2 .7 .9 4- . 3 + 6.9 .1 - .4 - 2.2 .2 — 1.6 + 1.0 4- 2.2 + 4.8 +22.9 — - - 5.0 .7 .2 + - * * .7 2.3 - 5.5 1.5 -19.9 3.0 . 7.0 + 3.0 — Teliminary; final totals will appear in yhe F.R. Bulletin and final San Francisco District figures appear in a release of the Reserve Bank, bout 210 weekly reporting member banks arie reporting changes in their larger loans as to industry; these banks hold over 90.per cent of o a conpnercial and industrial loans of aJll weekly reporting member banks and about 70 per cent of those of all commercial banks„
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