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? h V" / < ^ ) / L I B MQ^MWGOV^RNORS OF THE FEDERAL RESERVE SYSTEM H*l2V/^>)A < $ > / (For Immediate Release) ^ 5 ^ August 27, 1952 - RESERVE-^3- aHKNGES' IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increases of # 2 million i n loans to manufacturers of food, l i q u o r , and tobacco products, $32 million in u n c l a s s i f i e d loans, and $22 million to public u t i l i t i e s were o f f s e t in p a r t by decreases of $27 million in loans to manufacturers of metals and metal products and $11 million in loans t o sales finance companies* The net increase 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 was $77 million a t weekly reporting member banks during the week ended August 20, The increase i n loans to manufacturers of food, l i q u o r , and tobacco products was r e f l e c t e d in every d i s t r i c t except Kansas C i t y * A decrease of $2 million i n loans t o commodity dealers was the f i r s t decrease in these loans since the week ended July 2; the changes were r e l a t i v e l y small i n a l l d i s t r i c t s with six reporting i n c r e a s e s , f i v e decreases, and one unchanged# Changes i n loans during the week and since the year-end were as followss Business of Borrower Week ended August 2c£/ Since December 26£/ (In millions 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 , apparel, 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 dealers Sales f i n ance 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 + i*2 + 5 - 27 + U + 5 - 3 2 - 11 + 22 * 1 + 12 -78U - 23 +897 +250 + 89 -1U7 -507 -281 -lUO + 36 + 1*9 C l a s s i f i e d changes - net Unclassified changes - net + 32 + -56l -232 Net change i n commercial, indust r i a l , and a g r i c u l t u r a l loans + 77 -793 preliminaryj see footnote on attached table* H. 12 (a ) CHANGES IN COMMERCIAL AM) INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 2 0 , 1952 B u s i n e s s o f Borrower Manufacturing 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 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 rubber Other m a n u f a c t u r i n g and m i n i n g Trade $ Wholesale Retail ( I n m i l l i o n s of d o l l a r s ) New P h i l a - ICleveAll Dist r i c t s p / B o s t o n York d e l p h i a j land + 1 . 6 .U + 1.2 + .1 + - ,2 .1 + 2.8 + 1 . 5 + 1.1 + 2,lt + 1.0 + *2 ** - 2,7 — .6 + .5 + + + .2 .2 .3 - .3 - .1 + 2,h + ,9 - - ,li + .3 .9 — + *2 - #3 .1 — — - + .2 + .2 - 1.5 - l.l + - *h + 2.3 .1 - .1 + .3 - .U - .8 .1 + 1,1 - .7 - 1.0 + ,1 + .8 + .6 + .9 + 2,8 ,3 - 3.8 + 1.8 - 1.6 - .9 - .I* - 1.9 -f" # 2 - .2 + .3 - .1 + .1 + .5 - .i* + ,9 - 3.0 + — .2 - .3 - 2.0 + 3.2 + 3.3 - 1.0 — I4.I4 + 8.2 — + .1* +32.8 - 1.0 - U. 0 +I4I.O +142,0 + 5.1 + 3.8 + .3 +21.6 + .8 + + -26.8 + 1.3 + .2 -25.3 + 5.U + 1.9 + l.li + 3.7 " + lu5 ( r + 1.5 .9 .7 + .6 - — .9 __) ) + 1.6 - l.li - 3.1 - .7 + .1 - .7 - 2.5 - 1.6 + .2 + +16.2 + 1.5 + .9 - .3 — 1.6 * 1.2 + »1 + .1 + 1.1 - .6 + ,6 + - 1.5 + 3 , 3 ±6 .6 San Fran— S t . Minne- Kansas Louis a p o l i s C i t y D a l l a s c i s c t , p / Richmond A t l a n t a j Chicagc .5 2,0 — Commodity d e a l e r s - S a l e s f i n a n c e companies -ll.li - .3 Public u t i l i t i e s +21.9 • 3.7 Construction - l.Ii + .2 - A l l o t h e r t y p e s of b u s i n e s s +12*1). + .3 + 8.3 + 2*li + Net change i n c l a s s i f i e d l o a n s 3 / +1*5.1 + 9.6 +27,7 - 2,0 + 2,3 + 3.2 - 3.0 + U n c l a s s i f i e d changes - n e t +31.9 - .6 + 6.3 — — 2.3 + .8 - 1.0 -l^.Ii. - .3 - 1,2 + .2 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 +77.0 + 9.0 +3U. o + 14.0 — I4.. 0 — 2,0 + 3.0 - 1.0 (including transportation) 1,1 - 2,0 — —— .8 ,8 2.k .I4 T .6 .2 .2 — + .5 - *5 + 7.7 + .1 + .9 — 1.2 - ( r — 1.3 + 1.7 .7 ' .5 ) •*) - «5 - 1.2 p / 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 F . R , B u l l e t i n and f i n a l San F r a n c i s c o 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. l / About 2 2 0 w e e k l y r e p o r t i n g member banks are r e p o r t i n g c h a n g e s i n t h e i r l a r g e r l o a n s as t o i n d u s t r y ; t h e s e banks h o l d n e a r l y 95 per cent o f ~~ t o t a l commercial and i n d u s t r i a l l o a n s o f a l l w e e k l y r e p o r t i n g member banks and about JO per c e n t of t h o s e of a l l commercial b a n k s .