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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) January 21, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increases of # 8 million in loans to manufacturers of metals and metal products, $20 million to manufacturers of food, liquor, and tobacco products, and $12 million each to manufacturers of textiles, apparel, and leather products and to public utilities were offset in part by decreases of $26 million in unclassified loans and $22 million each in loans to commodity dealers and to sales finance companies. The net increase in commercial, industrial, and agricultural loans at weekly reporting member banks during the week ended January lit was $27 million* An increase in loans to manufacturers of food, liquor, and tobacco products of $31 million in the New York District was offset in part by decreases in most of the other districts. Most of the increase in loans to manufacturers of metals and metal; products was in the New York and Chicago districts, but smaller increases occurred in seven of the other districts. Changes in loans during the week follows; Business of Borrower Manufacturing and mining: since mid-1952 were as Week ended / Since / January ll£ June 2$^ (In millions of dollars) + 20 + 12 + U8 - 5 + U +7l9 - 29 + h9 +236 + 27 + + + 2 22 22 12 5 U +117 +605 +U90 Classified changes - net Unclassified changes - net + 53 - 26 +2,376 -153 Net change in commercial, industrial, and agricultural loans + 27 +2,223 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 p/ Preliminary; see footnote on attached table. - h9 + 13 +167 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JANUARY ll|, 1953 H. 12 (a ) Business of Borrower Manufacturing and minings Food, liquor, and tobacco Textiles, apparel, and leather M&tals and metal product s (xncluding machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining Trade $ Wholesale Retail (In millions of dollars) Phila- CleveNew A H DiS-yl I tiUW tricts p/ Boston York delphia land +20. 0 + +11.6 +U7.6 - 5.2 + 3.6 (- , . o ) + 1.2 +26.5 - 1.1 - 8.0 — + .1 .2 ,h - l.U 4- 2.3 Richmond,' Atlanta!Chicago - 2.3 .2 .8 + - .3 .9 - *3 - 1.3 + 3» 1 - .5 + 3*2 - 1.3 + .5 .U + + .5 - - .2 - .3 .2 - .6 - .1 - .1 — .6 .5 .1 - 8.2 - .1 -1.2 - .U - - 1.0 .it - .1 + .5 - .7 - *h + .9 - 1.1 - .1 Public utilities (including transportation) +11.8 1 + .2 + 1.3 Construction + 5.h i + .3 + All other types of business + .7 .2 - .3 + .5 »k - .7 * .3 - 1.2 + 1.3 - 1.2 .1 .2 + .6 + 3.7 ' - 3.2 - 6. 5 - .6 + 2,2 + + .U -21.9 -2,5 + 3,5 .1 — i|»6 +2.0 Sales finance companies .9 .9 .3 + .6 - .2 - .2 - 1.8 ; + .2 +16.0 .5 .1 .7 -22.U - - it.2 - 1.5 + + + Commodity dealers k.2 + 1.3 + .5 + .2 - .2 + .U + 3.3 rFr&nSt. !Minn©-' Kansas ( City |Dallas[ eiSscP/ Louis ELpolis ~ .1 .3 + 1.2 —1.1 — + ,1 ml .5 .5 - + 6 2 [ -) :: + l.h + .7 - .5 + .U + .1 - .7 + .7 .2 - ,h + 2.9 .2 .7 +. 2.0 + 2.5 - Net change in classified loans +52# 7 + 2.8 +14i.O - .7 + 2.3 - it.2 + 3.9 - .7 + .8 + .9 - 1.3 + 8.1 - 3.2 Unclassified changes - net -25.7 + 1.2 -13.0 + 1.7 - 2,3 + 5.2 - ~ 2.3 - .8 + .1 - .7 -2.1 -11*8 Net change in commercial, industrial, and agricultural loans +27.0 + 4.0 +31.0 + 1.0 + 1.0 +3.0 + 1.0 - 2.0 + 6.0 -15*0 .9 - 3» 0 p / Preliminary; final totals will appear in the F.3. Bulletin and final San Francisco District figures appear in a release of the Reserve Bant. % 2t::t::ior:f':ii%:::e:%; sr.: °f
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