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'V
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

(For Immediate Release)

H.12

\

June 11, 1952

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Repayments by p r a c t i c a l l y a l l business c l a s s i f i c a t i o n s r e s u l t e d i n a
decrease of $106 m i l l i o n in commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans a t
weekly r e p o r t i n g member banks during t h e week ended J u r j g j ^ . The only businesses
r e p o r t i n g net i n c r e a s e s were manufacturers of t e x t i l e s , a p p a r e l , and l e a t h e r
products, s a l e s f i n a n c e companies, and "other" types of business*
The decreases of $28 million in loans to manufacturers of metals and
metal products and of $ll* m i l l i o n to "other" manufacturers and miners were the
l a r g e s t weekly decreases in t h e s e c a t e g o r i e s since a sample of the l a r g e s t
banks began r e p o r t i n g t h e s e data over a year ago.
The continued repayments of
and tobacco products amounting to $37
ing to $26 m i l l i o n , were r e f l e c t e d i n
the wholesale and r e t a i l t r a d e i n t h e
than o f f s e t by repayments elsewhere.

loans by manufacturers of food, l i q u o r ,
m i l l i o n , and by commodity d e a l e r s amountevery d i s t r i c t . Increases in loans to
New York and Richmond, d i s t r i c t s were more

Changes i n loans during the week and since t h e year-end were as
follows:
Business of Borrower

Week
ended ,
June I4P/

Since
,
December 26£(

(In m i l l i o n s of d o l l a r s )
Manufacturing and mining $
Food, l i q u o r , and tobacco
T e x t i l e s , a p p a r e l , and l e a t h e r
Metals and metal products
Petroleum, coal, chemicals, & rubber
Other manufacturing and mining
Trade — wholesale and r e t a i l
Commodity d e a l e r s
Sales f i n a n c e companies
Public u t i l i t i e s and t r a n s p o r t a t i o n
Construction
Other types of business
C l a s s i f i e d changes - net
U n c l a s s i f i e d changes - net
Net change in commercial, indust r i a l , and a g r i c u l t u r a l loans
p/

- 37

+ k
+
-

28
8
lit
6
26
16
13

-870
- 71
+990
+125
+ i|6
-116
-607
-271

- 7h

- 95
- 12

+ 3
- 1*5
-890
-278

-106

—1,168

W W

+17

p r e l i m i n a r y j see f o o t n o t e on attached t a b l e .

In a d d i t i o n t o t h e weekly t a b l e , t h e r e i s also a t t a c h e d a summary
t a b l e showing changes during May compared with the preceding month, with May
1951, and with t h e p a s t y e a r . The purpose c l a s s i f i c a t i o n , which a sample of
the l a r g e s t banks had a l s o reported f o r over a year, was discontinued a t t h e
end of April 1952.
The changes during May were quite s i m i l a r to those during April i n
t h a t f u r t h e r repayments of loans by manufacturers of food, l i q u o r , and tobacco
products and by commodity d e a l e r s accounted f o r the e n t i r e decrease with changes
in other business c a t e g o r i e s p r a c t i c a l l y o f f s e t t i n g each o t h e r . The repayments
by manufacturers of food, l i q u o r , and tobacco products were a t a much lower r a t e .
Repayments by manufacturers of t e x t i l e s , apparel, and l e a t h e r products and by
manufacturers and producers of petroleum, coal, chemicals, and rubber continued
a t a higher r a t e ; both of these businesses had r e p o r t e d n e t i n c r e a s e s during
May 1951.
The i n c r e a s e i n loans to manufacturers of metals and metal products
was somewhat l e s s than in April and only about o n e - t h i r d t h a t of May 1951*



CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MElviBaR BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JUNE ii, 1952

H.12(a)

B u s i n e s s of Borrower
M a n u f a c t u r i n g and mining$
Food, l i q u o r , and t o b a c c o
T e x t i l e s , a p p a r e l , and l e a t h e r
M e t a l s and m e t a l p r o d u c t s ( i n c l u d i n g
machinery & t r a n s p o r t a t i o n equipment)
P e t r o l e u m , c o a l , c h e m i c a l s , and r u b b e r
Other m a n u f a c t u r i n g and mining
Trade *
Wholesale
Retail

( I n m i l l i o n s of d o l l a r s )
Phila- uleveHew
A l l Dis-,
Boston
York d e l p h i a land
tricts 2/
-37.1
+ 3.6

-21.0
+ 5.1

1.0

-28.2

-20.5
- I4.0
-10.1

6.0

- 7.6

-lluU

r
(„

5.9

— .8
-

.1

4-

-

*u
*2

4.

-

444-

el
.2
.1

-

-

•8
.3

*.

a
•1

-

-

.7

-

- »2
- 1,8

+

9.2

.9
.7

4-

*3
•3

.3

-

.3

-

.5

-

+
•

ua
4- 2 . 5

#6
1.8

.5
.U

• it* 8
- »2
- -3

.k

San Fran-^
S t . Minne- Kansas
D
a
l
l
a
s
ciscc P/
C
i
t
y
Louis a p o l i s

Richmond A t l a n t a ! C h i c a g o

ua
1.3
3.2

-

- 2.6
- 1.0
-

w

-

.2
•1
.5

-*

44-

a

-

a
.3
a

—

a
4- a

44-

-

- 1.0

2.2
.1

1.2
.1

.8
.3
.2

- 1.6
+ .1

.6
.6

1.7

2.5

- 2.It

— 1.1

4-

.8

- U.7

+ .1
+ ok

)

- 1.7

-

1.7
#7

- .9
- 1.2

-

2,7

- 2,li

-

.3

-

-

l.U

-

.7

+ 1.5

- 3.2

- -

-

.2

+ .2

-

-

- 1,7

- 2.1;

+

—

*

) - 2.2

Commodity d e a l e r s

-25.5

-12,1

-

S a l e s f i n a n c e companies

+16.3

4-16.2

+

7.1

- L8

-

•l

-

el

+

Public u t i l i t i e s

-12.8

- 3.3

—

1.8

- 5.7

4-

•6

-

a

m.

3.2

-

-

•U

-

4-

Uh

—

4-

.3

-

*h

4-

*6

.6

+ 2.7

-

1.3

4- 2 . 0

-

.h

4-

.8

-*•

.U

.5
4- 2 . 2

-I6.I1 + .2

- 1.8

-18.1

- 8.8

-

.5

- 2.3

- 8.1

-111.8

— . 2 - 1.2

- 1.9

- 1.2

-

.5

- 1.7

+ 3.1

- 2.2

-3.0

-20.0

-10.0

- 1.0

- li.O

- 5*0

-17.0

(including transportation)

+

Construction

,1

+17.1

+ .4

+11.8

4-

Net change i n c l a s s i f i e d l o a n s l /

-9h»5

- 2,6

-28.8

* 7,5

U n c l a s s i f i e d changes - net

-11.5

— # i|

— 5.2

-106.0

- 3.0

-3U.0

A l l o t h e r t y p e s of b u s i n e s s

Net change i n c o m m e r c i a l , i n d u s t r i a l ,
and a g r i c u l t u r a l l o a n s
p/

.7

+1.5
*9.0

— 1.6
-18.0

•5

.3

—

4*

.5

.8
.3

p r e l i m i n a r y ; f i n a l t o t a l s w i l l appear i n t h e P.E. B u l l e t i n and f i n a l San Francisco D i s t r i c t f i g u r e s appear i n a r e l e a s e of t h e Reserve Bank.

v



o T a i r a

r%*oRin^r

oS

E.12(b)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY
(In m i l l i o n s of d o l l a r s )
5 weeks
5 weeks
1; w e e k s
ended
ended
ended
May 2 8 , 1952 1 A p r i l 3 0 , 1952 May 3 0 , 1 9 5 1

B u s i n e s s o f Borrower

M a n u f a c t u r i n g and m i n i n g ;
F o o d , l i q u o r , and t o b a c c o
T e x t i l e s , a p p a r e l , and l e a t h e r
M e t a l s and m e t a l p r o d u c t s ( i n c l u d i n g m a c h i n e r y and
transportation equipment)
P e t r o l e u m , c o a l , c h e m i c a l s , and rubber
O t h e r m a n u f a c t u r i n g and m i n i n g

12 months
ended
May 2 8 , 1952

-116.0
- 56.7

-295.1
- 34.6

-125.8
+ 27.3

+ 59.7
-371.5

+ 28.5
- 34.1
+
.1

+ 41.4
- 26.0
+ 4.8

+ 97.3
+ 2U.0
+ 2.5

+2, 0 6 1 . U
+271.5
+250.2

T r a d e — w h o l e s a l e and r e t a i l

-

6.7

+ 20.1

+

Commodity d e a l e r s

-118.0

-130.5

-l68.il

+ 23.3

S a l e s f i n a n c e companies

+ 34.9

+

2.8

+ 1*7.9

-260.2

Public u t i l i t i e s

+ 18.7

- 70.1

+ 83.9

+361.8

Construction

+ 22.1

+ 17.1

+ 13.4

— 61*. 0

A l l o t h e r t y p e s of b u s i n e s s

+

3.9

- 28.5

-

16.3

-

Net change i n c l a s s i f i e d l o a n s ^ . /

-223.3

-198.6

-

9.0

+2,22^.0

U n c l a s s i f i e d changes - net

- 1*2.7

- 69.1;

- 70.0

-742.0

-266.0

-568.0

. - 79.0

+1,482.0

(including transportation)

Net change i n commercial,
agricultural loans
l/

See f o o t n o t e on p r e c e d i n g




industrial,

and

table regarding current coverage.

5.2

— 104.2

U.o