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H»12

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
(For Immediate Release)
March 11, 1953
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY

Increases of $1*5 million in loans to manufacturers of metals and metal
products, |33 million to sales finance companies, and $26 million to the wholesale
and retail trade were the principal factors in the $32 million increase in commercial, industrial, and agricultural loans at weekly reporting member banks during
the week ended March U. Partially offsetting decreases included $29 million in
loans to public utilities and $26 million each to manufacturers of food, liquor,
and tobacco products and to commodity dealers.
Increases were also reported in loans to manufacturers of textiles,
apparel, and leather products, amounting to $12 million, and to manufacturers and
producers of petroleum, coal, chemicals, and rubber products, amounting to $1Q million.
Most of the increase in loans to the wholesale and retail trade occurred
in the New York, Cleveland, and San Francisco districts; there were smaller increases in all but two of the other districts.
Changes in loans during the week, since the year-end, and since mid-1952
were as follows:
Week
ended /
Since
t
Since /
March
December 31"
June 25—
Business of Borrower
(In millions of dollars)
Manufacturing and mining:
+55U
-200
- 26
Food, liquor, and tobacco
+ U6
+ 87
+ 12
Textiles, apparel, and leather
+167
+167
+ U5
Metals and metal products
+257
+ 7
+ 10
Petroleum, coal, chemicals, & rubber
+ 20
+ 2
- 15
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
p/ Preliminary; see footnote on at

26
26
33
29
5
9

- 1
-198
- 88
- 62
- 9
- 11

+iia

+ h9

- 17

-323
-15U

+2,171
-226

+ 32

-U77

+1,9U5

+
+
+

+U6U
+U56
-118
+

k

+181

table.

In addition to the weekly table, a monthly table is attached showing
changes during February compared with the preceding month, with February 1952, and
with the past twelve months.
The changes during February were similar in many respects to those of
January and of a year ago February. In all three months there were repayments by
manufacturers of food, liquor, and tobacco products, by commodity dealers, and by
sales finance companies; and there were increases to manufacturers of textiles,
apparel, and leather products and to manufacturers of metals and metal products,
However, loans to manufacturers and producers of petroleum, coal, chemicals, and rubber products remained practically unchanged during both January and
February 1953; this was in contrast to a year ago, when they increased substantially.
Loans to public utilities, which had increased during January and had
declined by only a nominal amount in the previous February, declined substantially
during February 1953. Leans to the wholesale and retail trade increased, following
two months of decreases % the increase was in contrast to a email decline during
February 1952.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH it, 1955

E. 12(a)

Business of Borrower
Manufacturing and minings
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 )
Phila- Cleve- Rich- Atlanta Chicago
New
All D%,Sy
Boston
mond
York delphia land
tricts 2/

-26.0

1.0

+ 5.5

+I»iu5
+ 9.6
+ 1.9

.9
.9

+23.0

[+25.6 j

~26.lt

Sales finance companies

+35. k
-28.7
- 5.2
+ 8.9

Construction
All other types of business

-10.9

+11.5

Commodity dealers
Public utilities (including transportation)

.it

.2

—

+ 3.2

+ 3.9
1.6

+ 6.5

.1
+ 1.1

+ 1.2

+ .2

+ 3 . 9 + 5.0
- . 5 + 3.1
- .9 - .9
+ 1.8

+ 1*3

* .7
•

+ 7,2

1*6
•*

•l

slj.

•6

urn

~

4 Uk
*
•5

*

#6

~

.2
.6

"

+ 2. i
t
+ .t
i

+

»2

.7

+

5*o
-5

+
•

7.5
.7
.1

+

1.0

+

.3

-

2.6
+ 1.8

-

+
-

+

+
+

- %0

-}• 1|»o - 3 5 . 0
+ 1 . 5 - 5*°

-

.7
«2

+ 1.2
- .it

— .7
-

.1

.8

. +
6

— 1,2 — 7 . 6 + . 8 — . 1 • l.it - . 3
+ 2.3
• 2 . 8 +16.7 + 2 . 3 - *3 + 1 . 8
+
-

San Fran-,
St. Minne-1 Kansas
Dallas cisco £/
Louis apolisj City-

.7

.
8

+ .3

.7

+
+

.6
.6

+
+

+

+

.3
#6

+
+

.5

+ 9.3

+15.6

+10,6

+16.6

+ 2-, 3

+ 2,lt

+ 6.1

— 7.0

Unclassified changes - net

-17.1

- 2.3

- 2.6

+ l.it

- 1.6

-

-

-U

+ 3-9

—

Net change in commercial, industrial,
and agricultural loans

+32.0

+ 7.0

+13.0

+12.0

+15.0

+ 2.0

+ 2.0

+10.0

- 7.0

+ i.o

+

.5

.5
.5
.it
l.it

8

(- - i

.3
.5
.it

+ 1.8
+ 3.8

- It.l

-

+ 2,5

— 1.6

+

.it

+ 1.2

-

.7

-

.1

+ .1

- 5.2

-

.9

- l.i

- 7.1

- .
1
-

- 1.6 - ,7 -

+it9.1

+

- 1.8

- 1.7

Net change in classified loansi/'

- 1.7

— —

- 1.2 +16.9 + .U + 1*1 + 2,1
.3

-

— it.8

+ 6.7 + .8
.7
.3

.5

.2

-

- 1|*2

+

.1

.5

.9

+ .6 — 6.9

- 7.9

- 1,0

+ 2.0

-15.0

- 1.0

- 8.0

p / preliminary; final totals will appear in the F.R. Bulletin and San Francisco District final 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 percent of
total commercial and industrial loans of all weekly reporting member banks and about 70 per cent o
ose o a
commercia
•




CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY

H, 12(b)

(In millions of dollars )
I weeks
t
I. weeks
4
4 weeks
ended
ended
ended
February 2 7 , 195?
February 2 5 , 1955 January 2 8 , 1953

Business of Borrower
Manufacturing and minings
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products (including machinery
and transportation e q u i p m e n t )
Petroleum, coal, chemicals, and rubber
Other manufacturing and m i n i n g

12 months
ended
February 2 5 , 1953

-112.)
+ 68.9

- 32.0
+ 6.1

-112.5
+ 17.7

- 57. 0
- 1*6. r9

+ 31.8
- 1.1
- 7.3

+ 90.3
— 1.6
- 9.9

+11*0.7
+103.9
+ 18.5

+572.8
+280.1
+ 72.2

+ 25.3

- 51.lt

-

5.0

+169.8

Commodity dealers

- 81.9

- 89. U

-120.9

+ 69.5

Sales finance companies

- 15.3

-106.2

+58U.3

Public utilities (including transportation)

- 57.U

+ 21*,6

- 594
- 10.0

Construction

+

-

-

6.9

+ 63.8

Trade —

wholesale and retail

.2

3.9

- 28.1

+ 26.2

- It5*6

+ 18.2

+173.9

Net change in classified loans3/

-152.9

-219.0

+ 3lu3

+1,85it.it

Unclassified changes - net

+ 12.9

-150.0

- 17.3

-3llt.lt

Net change in commercial, industrial,
and agricultural loans

—lit 0 . 0

-369.0

-

All other types of business

l/

*

See footnote on preceding table regarding current coverage.




3.0

+l,5Uo.o