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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) February 18, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY The $3U million increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended February 11 was the net result of fairly sizable increases and repayments, Increases included •#33 million in unclassified loans, $30 million in loans to manufacturers of textiles, apparel, and leather products, and $22 million each to manufacturers of metals and metal products and to "other" types of business. Offsetting decreases included 039 million in loans to manufacturers of food, liquor, and tobacco products, $2$ million to commodity dealers, $12 million to public utilities, and $11 million to sales finance companies. Most of the increase in loans to manufacturers of textiles, apparel, and leather products was in the New York and Boston districts, but smaller increases occurred in most of the other districts. The increase in loans to manufacturers of metals and metal products and the decrease in loans to manufacturers of food, liquor, and tobacco products were both reflected in nearly every district. 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 Week ended / Since t February US' June (In millions of dollars) - 39 +30 + 22 - it + 2 +651 + 9 +128 +2l|2 +22 + + + 9 25 11 12 7 22 +107 +532 +lt07 - 5U + 16 +166 Classified changes - net Unclassified changes - net + 1 + 33 +2,22k -19U Net change in commercial, indus-? trial, and agricultural loans + 3U +2,030 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business p/ Preliminaryj see footnote on attached table. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, YffiEK. S3DED WEDNESDAY, FEBRUARY 11, 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 (in millions of dollars) New Phila- Cleve- RichAll Dis-y mond Atlanta Chicago tricts P/ Boston York delphia land -38.5 +29.8 + 1,3 + 6.0 -17.7 +13.8 +22,2 - it. 0 + 1.9 + + 1.0 +13.1 + .9 + .7 + + .6 Commodity dealers -2lt.8 Sales finance companies -10,8 Public utilities (including transportation) -11*8 — - Construction + 6.7 + 3.7 All other types of business +21.7 - •Net change in classified loansJ^Z Q t) + 8* 6 ^ + .6 »9 —— + l.it .6 1.0 2.2 + 2#!: .5 1.2 + •U 4 4 + 6*3 4 - 9.8 - -18.2 4- - 6*9 1*1 - .it 4- 1.2 4 1.6 -» 4 - .9 .7 it.it 4 4 4 .2 .6 - .1 - 1,9 4 4 3.8 - - .7 - 1.9 4 + 1.6 - 1.2 .1 +11.3 4 •3 4 *3 2.1 + 1.0 +154 - it. 3 4 9.1 4 1.2 Unclassified changes - net +33,0 + 3.6 +21.3 4 2.9 4 1.8 "Net change in commercial, industrial, and agricultural loans +31.0 +19.0 +20.0 +12,0 4 3-0 1.9 .1 mm mm .5 .7 .1 .3 + + - - - - + 4 - + L.8 4 .it 1.3 - .it 4 .3 + 6.9 1.2 .6 5,8 1.2 4 1.7 3.1 - 4 2.3 4 — — - - + — .it - - - 3.1 — — - — it. 3 - .3 - .8 - .7 4 .1 4* - - — 4 -11.6 - •h 2.7 4 2.8 1.7 4 .2 4 2.6 ~ .6 3.0 - 9.0 - 2.0 1.0 4 .it 1.5 - 5.0 1,6 + 4 .6 - .it .3 .it - 1,9 .6 4 l.it 1.5 .1 2.8 1.8 4 4 - - 2 . It .1 .3 .5 - l.u .8 .it .1 .2 1.0 .1 4 .6 .1 4 - 1.0 4 Kx : 4 C\J Tradej Wholesale Retail — San Fran-y St7 Minne- Kansas apolis City- Dallas cisco £/ Louis i.h + 4 — 4 .7. .3 .6 4 •* c++ ( — 10.0 + .8 1,1 .1 7) * 7 ) + .3 + l.U + 1.0 + 1.2 - 6.6 1.7 -2.1 + .7 1.7 + it.9 + 1.5 + .7 .2 + 3.1 + 1.8 — — 4 .3 .2 - .5 - 3.8 + 2.6 - 5.8 4- 1.5 - 3.2 - 1.6 - 4 1.0 - 7.0 + 1.0 - 6.0 4- - - .2 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 over 90 per cent of ~~ total commercial and industrial loans of all weekly reporting member banks and about ?0 per cent of those of all commercial banks.
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