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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H.12

(For Immediate Release)

March 18, 1953

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY
Increases occurred in most industrial categories, resulting in a
$213 million increase in commercial, industrial, and agricultural loans at
weekly reporting member banks during the week ended March 11. This was the
largest weekly increase since the second week in November 1952*
The SU7 million increase in loans to the wholesale and retail trade
was reflected in every district. The increase of $39 million in loans to manufacturers of textiles, apparel, and leather products occurred largely in the
New York and Chicago districts. Most of the $33 million increase in loans to
public utilities occurred in the New York and Philadelphia districts. The
unusually large increase in unclassified loans and in loans to "other" manufacturing and mining very possibly represented numerous small loans made for
the payment of income taxes*
The only decreases during the week were in loans to manufacturers of
food, liquor, and tobacco products and to commodity dealers.
follows:

Changes in loans during the week and since the year-end were as

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
/
December 31—
March 11—
(In millions of dollars)

Trade — wholesale and retail
Commodity dealers
Sales finance companies
Public utilities and transportation
Construction
Other types of business

23
39
32
6
25

-227
+126
+201
+ 13
+ 9

h7
2h

+ U8

18
33
h

8

-22U

- 68
- 29

-

6

-

1

Classified changes - net
Unclassified changes - net

i/ - 1 5 7
y -jo?

Net change in commercial, industrial, and agricultural loans
p/

+ 1+8

+213

~hl -26h

+165

Preliminary} see footnote on attached table.

1/ Excludes increase of $193 million in commercial, industrial, and
~
~ agricultural loans resulting from revision of series, March U, 1953




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, MARCH 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
Trade g
Wholesale
Retail

(in millions of dollars)
, | New Phila- Cleve- Rich- Atlanta Chicage
All Dis-,
Z Bostonj y o r k
mond
delphia land
tricts E
-22.8
+38.8

+ 2i2
+ 2.9

- 9.1
+15.U

- *8
+2.7

- .5
- 1.0

+
+ 3»b

- 1.2
* .7

-11.7 - 3.U
+10.2 + ii.O

+
+

.9
.7

+ .5
+ .2

- 1.1
+ .3

+ 1*0
- .7

+32.3
+ 6,h
+2U. 5

- .1
+ 1.3
+ 3.1

+7.2
+ 6.2
+10.8

+ .8
- ,1
+ 1.2

+ 7.0
+ .1
+ U.2

+ .9
+ .2
+ l.ii

+ .5
- .3
- .2

+13.7
+ l.U
+ 2.9

+2.8
+ .2
+ .2

+

.6

+

+

.1

- .3
+ .3
+ .U

.2
3.9
+ 1.7

- 1.0
+ 1.0
- 1.3

+ .2

+ 6.5
+ 1.7

+ 1.1

-

+ 1.2

+ ,8

+ 3.0

+ 1.1 + 1.6 + 1.6

2

+ .9
• l.U
*

- 1.7

(+lt6.9j

+ 2.9

+ 2.9

+ 2.9

- .
2

+ 3. i
t

+ 3.3 +2.2

+

.5

—

+ .1 + 1.0

+

+ .8

+ 3.8

+ 2.7

- .7
+ 1.9

+ 1.3

+ Q.k

.3
.5

+165.2

+13.3

+61.6

+12,1

+U7.8

+ 6.7

+ 9.U

+213.0

420.0

+71.0

+ .1 -11.2

+18.0

+ 1.3

+ 7.0

+32.9

- 1.5

+19.3

Constr uction

+ 3.7

All other types of business

Net change in commercial, industrial,
and agricultural loans

+ 1.2

-

-23.9

Unclassified changes - net

+ 1.9

.3

6
- 1.0 - . — .2
- h.8 +16.9 + 2.6 + 1.3
+ 2.8
+ 8.6 + 2.b

Commodity dealers
Sales finance companies
Public utilities (including transportation)

Net change in classified loans!/

San fc'ran-,
St. Minne- Kansas
Dallas ciscv £/
Louis apolis City

•7

- li*8 +

-10.0 +3.5

-

.U - 2. 5
.3

+ 1.8

6

- '

- 3.6

- 1.0

+ 1.9
.3

-

+ 1.0

-

«2

+

.5

+

.
6

+

.5

- 2.2

+

+29.I

+13.5

+ U.7

+ 9.3

+8.2

+8.6

+ 5.6

- b.O

+3,2

+ 3.9

+ U.9

+ it.5

+ .3

+ ii.7

+

.8

+ l.U

-6.6

+6.0

+11.8

+16.0

+3U. 0

+18.0

+ 5.0

+1U.0

+ 9.0

+10.0

- 1.0

+ 2.0

+15.0

.5

1
+ .

2
- .

+

.k

+

.b

*

•k

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,
1/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 70 per cent of those of all commercial banks.