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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) October 8, 1952 CHANGES IN COM.iERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Continued seasonal increases in loans to manufacturers of food, licjior, and tobacco products and to commodity dealers accounted for most of the net increase, £65 million, in commercial, industrial, and agricultural loans during the week ended October 1. Other increases included $16 million to manufacturers and producers of petroleum, coal, chemicals, and rubber, $12 million to the wholesale and retail trade, and $9 million to public utilities. These were partly offset by net repayments of $13 million by manufacturers of metals and metal products, $11 million by sales finance companies, and $7 million by manufacturers of textiles, apparel, and leather. The increases in loans to public utilities and to the wholesale and • retail trade were their eleventh and fourth consecutive weekly increases, respectively# The decrease in loans to sales finance companies followed four weekly increases. Changes in loans during the week and since June 25> 1952 were as follows Business of Borrower Week ended , October l£' Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, and rubber Other manufacturing and mining Since , June 252/ (in millions of dollars) + 30 - 7 - 13 + 16 + 8 +350 + 57 -221 +131 + 39 + 12 + 32 - 11 + 9 - 2 + 2 + 26 +318 + 61 - 68 + 20 +118 Classified changes - net Unclassified changes - net + 77 - 12 +831 + 56 Net change in commercial, industrial, and agricultural loans + 65 +887 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business p/ Preliminaryj see footnote on attached table. In addition to the weekly table, a monthly table is attached showing changes during September coxps.red with the preceding month, with September 1951* and with the past twelve months. The changes during September were similar in many respects to those of August and of a year ago September, In all three months there were substantial increases in loans to manufacturers of food, liquor, and tobacco products and to ccinnGdity dealers, continuing the seasonal borrowings by these processors and distributors to finance the crop movement; and there were increases of lesser amounts to manufacturers and producers of petroleum, coal, chemicals, and rubber products, and to public utilities. However, loans to sales finance companies, which had declined during August and had remained practically unchanged during the previous September, increased substantially during September 1952. Loans to the wholesale and retail trade increased, following two months of decreases; the increase was much larger than, during September 1951* Loans to manufacturers of metals and metal products, which had declined substantially during July and August, showed a small increase during September, in contrast to a year ago when this industry accounted for more than one-fourth of the Digitized fortotal FRASERincrease. Loans to the construction industry increased during September, http://fraser.stlouisfed.org/ by a lesser amount than in August and in contrast to a decline a year ago. Federal Reserve Bank of St. Louis H. 12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, OCTOBER 1, 1952 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* Wholesale Retail (In millions of dollars) All M s - I New Phila- Clevetricts p/ Boston York delphia land Richmond At lanta Chicage - 6.9 + 1.2 .2 +22.6 - 2.1 + .5 - 1.6 + l.ll *8 + 1.5 + .1 - 1.7 + .3 -12.5 - K5 + .9 +12.5 + 1.0 - 5.1 .3 + — + +29.8 +16.2 + 7.8 + 2.9 - 7.1 +15.8 - .2 - 1.0 - *2 .6 .3 .2 — + .3 .1 + .It St. Minne- Kansas S'an FranLouis apolis City Dallas cisco p / + 5.7 .8 - 2.3 - .5 .1 - 6.6 + .it + - .It .1 .3 + + + .It .It .2 .8 + 1.0 + .1 - .2 + .It + + *6 .5 - l.lt - .7 + 5.it - 1.1 — — + .it - 1.3 - - .1 — + - .6 .1 ( . ' )+ ^+11.6) i5 .3 + .5 + lt.9 + .2 .7 .8 + .1 + 1.0 + + + + - .1 - .6 + .7 + 6.6 + 1.8 + 9.9 - .8 +10,0 + .8 +1.2 Sales finance companies -11.2 - .1 + lt.lt + .8 - Public utilities (including transportation) + 9.1 + 7.7 Construction - 1.7 + ,1 - .1 - All other types of business + 2.3 + .6 + 1.5 + Net change o f classified loaned/ +76.9 + 3.6 Unclassified c h a n g e s - net -11.9 - Net change in commercial, industrial, and agricultural loans +65.0 + .3 - .2 — • - 2.0 — .8 + 1.5 - 2.6 — — + - ( ( + .2 »1 leb + + •+ ) ) - .7 .2 .it .7 + 1.1 + .It -10.3 - 5. It -iu. 9 + .6 - .9 - 2.0 - .9 - .6 + .3 - .3 + 1.2 - 1,8 - .it + .6 + .it - .2 .2 - 2.k + .7 + 1.5 + .It - .8 - .1 - .it + .8 + .3 +88.1 + 1.2 -22.0 00 +32.U .1 + Commodity dealers - 1.7 + + + 6.2 - 9.8 - .It - 1.3 .6 -25.1 - .2 — 2.0 + 1.2 - 1.2 - .2 - 3.6 + 3.0 +63.0 + 1.0 -214.0 + 7.0 + 5.0 -10.0 - lt.0 +17.2 —— .9 .3 .3 + 1.8 + l.lt + 8. it -lt.3 + 1.3 + 1.6 - i.L +18.3 — — + 3.0 + 7.0 +llt.o p / Preliminary? final totals will appear in the F.R. Bulletin and final San Francisco District 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 per cent of industrial loans of all weekly reporting member banks and about 70 per cent of those of all commercial banks. total commercial and - H. 12(b) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF W E E K L Y REPORTING MEMBER BANKS BY INDUSTRY (In millions of d o l l a r s ) Business of Borrower 1* weeks h weeks 1* weeks ended ended ended September 2b, 1952 August 27, 1952 September 26, 1951 Manufacturing and mining* F o o d , liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery and transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining 12 months ended September 21*, 1952 +176.U + 6.9 +167.2 + 36.7 +208.0 - 37.1 +153.1 -292.0 + 5O6 • 18.1* + 17.8 -105.3 + 67.7 + 7.U +166.9 + 42.0 + 18.1 +1,321*. 1 +37l|.l* +178.0 + 50,0 - + Commodity dealers +11*3.9 Sales finance companies 7.7 - 97.1 + 83.1 +100.1 +209.7 +11*1,3 - 36.5 + 1.1* — ll*i6 Public utilities (including transportation) + 50,2 + 37.7 +101*. 9 + 53.5 Construction + + 12. 1* - 33>1 - 25.3 All other types of business + 25.6 + 36.4 + 111. 9 +150.1 Net change in classified l o a n s ^ / +639.4 +303.6 +593.8 +2,013.9 Unclassified changes - net + 1*0.6 r/+ 1*1.1* - 17.8 -1*85.9 Net change in commercial, industrial, and agricultural loans +680.0 r/+31*5.0 f576.0 +1,528.0 Trade — wholesale and retail r/ Revised. l/ See footnote on preceding table regarding current coverage. 3.3 3.2
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