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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H»12 (For Immediate Release) March li, 1953 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increases of $12 million each in loans to the wholesale and retail trade and to sales finance companies, and $10 million to public utilities were offset by a decrease of $28 million in loans to manufacturers of food, liquor, and tobacco products at weekly reporting member banks during the week ended February 2$. As a result, the net increase in commercial, industrial, and agricultural loans was only $2 million. An increase was reported in loans to manufacturers of textiles, apparel, and leather products for the fourth consecutive week. Most of the increase in loans to manufacturers of metals and metal products was in the ^ Chicago Districtj it was offset in part by a decrease in the New York District, Changes in loans during the week, since the year-end, and since mid-1952 were as follows: Business of Borrower Week ended „/ February 2g- Since p / December 31" Since June 25- (In millions of dollars) Manufacturing and mining; Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing & mining - 28 + 7 + 5 -167 + 73 +122 +588 + 33 +123 + 2 - 2 - 18 +2U8 + 18 + + + + 12 5 12 10 u 1 - 22 -166 -115 - 32 - 8 - 18 +119 +195 +U29 - 89 + 5 +173 Classified changes - net Unclassified changes - net + 11 - 9 -353 -1U3 +2,lbl -21I4 Net change in commercial, industrial, and agricultural loans + -U95 +1,927 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities & transportation Construction Other types of business pJ 2 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, WEEK ENDED WEDNESDAY, FEBRUARY 25, 1955 H. 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 Tradej Wholesale Retail (In millions of dollars) Phila- Cleve- RichNew All DisBoston mond Atlanta Chicago York delphia land tricts P, - 1.1 - 6.6 - 1.2 -2.1 -28.2 + 7.1 - .5 + i*.2 + h*5 + .3 + 1,6 - .2 ( ) (+12.2) + .2 + 1.2 .8 + + .3 - U.6 + .5 + + ,6 + 3.7 + 2.5 + + .U - .2 + .5 - 3 . 7 + + 1.5 + + .5 + ,2 - + 2.0 .1 .1 .1 .2 + 3.0 .5 - *5 + .3 - 3 . 1 + 1*2 - 1.3 - Sales finance companies - U.5 +11.7 - .8 + l l t * 9 - 2.7 + 1.2 Public utilities (including transportation) +10.2 + .5 + 3.3 + Construction - 3.9 - 2.7 - 2.6 - .1 - .1 All other types of business + .8 Commodity dealers Net change in c las si fied loans.!/* +11.3 . Ij. - 1.8 -1.1 +13.I+ Unclassified changes - net - 9.3 + 2.1 - U.lj. Net change in commercial, industrial, and agricultural loans + 2.0 + 1.0 + 9 . 0 - .3 . li - 1.9 .1 - 2 . 0 - It. 0 + 1.7 .5 2.1 -11.0 - .3 + 5 . 0 .7 .5 .9 •U .3 - 2.3 - 9.8 - 5 . 0 + .3 + 1 . 0 + .6 + + .1 .7 + 9.0 - 1.7 - 1.2 - .9 - .2 + 1.6 + .I4. + .2 - .2 - .1 r 2- 1 ) + .h - 1.0 - 1.3 - + 2.1 + + .2 + U.l + .3 .1 + .2 + 5*5 + .h .3 - .6 - 8*9 *9 .2 .1 + .4 .6 ! San Fran-* St. mi nne - Kansas Dallas] oiscs • Louis apoUs City + lu'O —— + it.O .2 .5 .5 + .1 + .2 + .2 - .2 Not avail- - .5 + .3 - ,2 — 1.0 .6 - 1.6 + 1.3 —— + .2 — .8 + 1.2 - .1 - .2 .1 + .5 + .1 + 3.6 - 5 . 5 - 2,2 — I4.6 + - 1.0 .5 - 5.0 — *2 .8 + 3«2 - 3.0 + 3*0 + 3.1 + .2 + .2 4- able *2 + 1.0 + it*8 w 2*8 + 2 . 0 p/ Preliminary; final totals will appear in the F.R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank.
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