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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM (For Immediate Release) February 11, 1953 H.12 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Repayments by practically all business classifications resulted in a decrease of $57 million in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended February U* The principal decreases were $28 million in loans to manufacturers of food, liquor, and tobacco products, $li* million each in loans to commodity dealers and sales finance companies, and $12 million in loans to public utilities. The only businesses reporting increases during the week were manufacturers of textiles, apparel, and leather products, amounting to $12 million, and manufacturers of metals and metal products, amounting to $11 million. Changes in loans during the week and since mid-1952 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 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business Classified changes - net Unclassified changes - net Net change in commercial, industrial, and agricultural loans Week Since ended :P/ February U-/ June 25— (In millions of dollars) 28 12 11 3 - 6 — + + — +69h - 22 +102 +2U6 + 20 6 1U 1U 12 _ 2 - 1 + 8h +558 62 5 +2,213 -217 57 +1,996 - - + +h2h - uu + 7 +1UU p/ Preliminary; see footnote on attached table. In addition to the weekly table, a monthly table is attached showing changes during January compared with the preceding month, with January 1952, and with the past twelve months» In many respects, January reflected a reversal of previous trends. Loans to manufacturers of food, liquor, and tobacco products and to commodity dealers showed a monthly decrease for the first time since mid-year, and loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products showed the first monthly decrease since May. Loans to manufacturers of textiles, apparel, and leather products, which had decreased during the past three months as well as in January a year ago, showed a small increase. Fol-^ lowing the rather sizable increase in December, loans to sales finance companies declined in January but by a considerably smaller amount than in January 1952. In some of the other business categories previous trends were continued. Loans to manufacturers of metals and metal products increased for the fifth consecutive month; loans to public utilities increased and loans to the construction industry decreased, both for the third consecutive month; and loans to the wholesale and retail trade decreased for the second consecutive month, but by a lesser amount than during January 1952. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, FEBRUARY 4, 1953 H.12(a) Business of Borrower Manufacturing and mining: 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: Wholesale Retail (In millions of dollars) MinnePhila Cleve- Rich- Atlanta Chicago apolis Louis mond land delphia All Districts E' .7 + 1.3 .7 + 1.2 - .4 .2 - 2.9 - .7 - 8.8 - 3-6 + + .2 + 1.9 .2 + .9 •7 -9 + 1.3 + .3 - .2 + - +12.2 .2 -11.9 + 3.2 + 4.9 + +11.3 - 2.5 - 6.3 + 1.3 + 2.1 + 1.3 .2 + + .7 - 3.1 - .3 - 5-5 + .3 :- c5.7) j - 1.0 - 3*5 - .5 - 1.0 + 4.6 - 3.5 - - + l.l - .6 Commodity dealers -14.2 Sales finance companies -14.2 Public utilities (including transportation) -11.9 - 1.8 .4 - 5.9 - .5 - 4.7 -10.5 + 5.0 - 3-5 + 1.0 - ,8 - 5-7 - .5 - 2.4 + .1 Construction - 1.8 + .3 All other types of business Net change in classified loans —/ - 1.1 Unclassified changes - net + .2 - 5-4 - 1.2 - 1.5 + -3 - 2.7 -39.9 - .9 - 4.9 + .7 + 1.7 + 6.9 - .1 - 1.1 + 1.3 Net change in commercial, industrial, and agricultural loans - 1.0 - .3 - l.l + -33.0 - 1.0 .3 + - 6.0 + 2.0 + + .4 .4 .8 .8 .7 + .1 + - - - .8 - .4 San Fran .8 .2 - + — — .1 + 1.1 .k .k A .k - •6 + + 1-5 - — + + + - 1.3 •2 + 1.2 + lA + •2 - 1.7 + 1.0 - 1.0 - 1.8 - 1.3 .3 + .3 - .9 .4 - .1 - 3.4 + 2 3 .2 (+ ' ) •5 .2 .4 - 1.1 - - .8 + 1.6 - .2 - 9-9 + .3 + 1.4 + 2.3 + 2.8 + .2 - -7 - .1 - .7 - 1.1 + .7 + .2 - 1.0 .2 - .3 - 1.8 + .8 + .6 .2 .2 + 1.6 + .1 - .5 .5 -18.2 - 5.0 - 1.0 + 2.0 + 5.3 - + 5.0 - 7.8 + 1.0 + 1.0 + 1.0 + 2.8 + 1.2 4.0 - 1.0 + 3.0 + 6.0 + 4.0 .2 -26.0 .9 E/ Preliminary; final totals will appear in the F.R. Bulletin and final San Francisco District figures appear in a release of the Reserve Bank. ^ fo°tS commercial ^ n Z t ^ ^ ^ f ^ l ^ ^ e p o S S : : : " H. 12(b) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY Business of Borrower Manufacturing and minings 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) Li weeks 5 weeks 5 weeks ended ended ended January 28, 1953 December $1, 1952 January 30, 1952 12 months ended January 28, 1955 - 32,0 + 6.1 + 67.8 - 32.9 -118,2 - 38.7 - 27.2 - 68.1 + 90,3 - 1.6 - 9.9 + 30.9 + It 6. 2 - 33.9 +520.1 + 39.3 + 3.9 +681.7 +385.1 + 98.0 - 51.U - 86.1 -155.0 +139.5 Commodity dealers - 89.h + 2.0 - 92.6 + 30.5 Sales finance companies -106.2 +h06.h -319.5 +5U0.2 Public utilities (including transportation) + 2U.6 + 11.5 - 53.U + 19.3 Construction - - 9,9 - 29.6 + 56,7 All other types of business - U5.6 + 62.5 - ii.8.8 +165.9 Net change in classified loansi/ -219.0 +U6iu 5 -292.5 +2,021.6 Unclassified changes - net Net change in commercial, industrial, and agricultural loans -150.0 -1324.5 -139.5 -369.0 +330.0 -132.0 Trade — wholesale and retail 3.9 l/ See footnote on preceding table regarding current coverage. -314*. 6 +1,677.0
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