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^ OF)GOVERNORS OF THE FEDERAL RESERVE SYSTEM vrc „„„ v , (For immediate Release) December 17# 1952 CHANGES I N COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY An i n c r e a s e of $108 m i l l i o n i n loans to manufacturers and producers of petroleum, c o a l , chemicals, and rubber products, which included a l a r g e loan to a petroleum company, was t h e p r i n c i p a l change i n 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 a t weekly r e p o r t i n g member banks during t h e week ended December 10; i n t o t a l they i n c r e a s e d $187 m i l l i o n . The $108 m i l l i o n i n c r e a s e was the l a r g e s t weekly change i n t h i s i n d u s t r i a l category since t h e s e r i e s was inaugurated i n t h e spring of 1951J i t was l a r g e l y i n t h e New York and Chicago d i s t r i c t s . Other l a r g e i n c r e a s e s i n l o a n s during the week were $25 m i l l i o n each to manufacturers of food, l i q u o r , and tobacco products and to manufact u r e r s of metals and metal p r o d u c t s , $18 m i l l i o n to s a l e s f i n a n c e companies, and $12 m i l l i o n to p u b l i c u t i l i t i e s . The d e c l i n e of $8 m i l l i o n i n loans to commodity d e a l e r s was t h e f i r s t weekly d e c l i n e i n t h i s b u s i n e s s category since August 20, Loans to manufacturers of t e x t i l e s , a p p a r e l , and l e a t h e r products continued to show small weekly repayments. Changes i n loans during t h e week and s i n c e mid-year were as follows Business of Borrower Manufacturing and mining; Food, l i q u o r , and tobacco T e x t i l e s , a p p a r e l , and l e a t h e r Metals and metal products Petroleum, c o a l , chemicals, & rubber Other manufacturing and mining Since , June 25— (in m i l l i o n s of d o l l a r s ) + 25 - 5 +25 +108 + 6 +760 - 16 - 19 +318 +67 + it - 8 + 18 +12 — — +270 +6?0 +188 - 70 +27 +129 C l a s s i f i e d changes - net U n c l a s s i f i e d changes - n e t +185 + 2 +2,323 +29 Net change i n 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 +187 +2,352 Trade — wholesale and r e t a i l Commodity d e a l e r s Sales f i n a n c e 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 t y p e s of business p/ Week ended > December 10£' P r e l i m i n a r y ; see f o o t n o t e on a t t a c h e d table, CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANES BY INDUSTRY AND FEDERAL RESERVE DISTRICT* WEEK ENDED WEDNESDAY, DECEMBER 1 0 , 1952 E. 1 2 ( a ) ( I n m i l l i o n s of d o l l a r s y Business of Borrower Manufacturing and minings Food, l i q u o r , and tobacoo T e x t i l e s , a p p a r e l , and l e a t h e r Metals and metal products (including machinery & t r a n s p o r t a t i o n equipment) Petroleum, c o a l , chemicals, and rubber Other manufacturing and mining Trade * Wholesale Retail A l l Dist r i c t s ! / Boston New York • San Fran-, S t , Minne- Kansas Dallas c i s c o P./ Louis a p o l i s C i t y Richmond AtlantaJ Chicago P h i l a - Cleved e l p h i a land • +25»2 - 5eU + 2.6 +21; 8 - 2,6 - + i;9 + .2 - .1 — +2it»8 +107;9 + 6*0 + - .9 .1 .9 + 1.1 +67*8 + 1.5 ( ,' ) + + *6 - .2 + + It* 1 + ( + Us?) ,3 + 13 - 1 . 1 •* . 2 - . 1 i9 .3 + + ;3 .5 - 1.5 - *6 + 3.3 - 1.7 + 6; it + i;3 + .it - .2 + + + 7; 7 + 3 . 6 +38;5 - , 1 + 1,2 + . 1 + - — ;3 .1 .2 + - .7 .it + + .2 .2 .2 .3 - .2 + 1,0 - ;2 .3 + + .8 .9 - .9 - l.it .7 + .8 + ,1 — 1 , 9 - it. 7 - 3 . 0 - ,6 +10,5 — 2 , 8 + 1.2 - ;7 .2 .7 - 5.1 - .7 - 1.1 .8 + .8 - 3.2 - 2.1 - *7 - it,0 — it. 1 + 1 . 1 - 7.3 +15.0 -1.0 - 8 . 0i +11*0 + l.it +lit.9 - .7 + 2, It + .2 - 2,9 + ,1 + .3 Construction + .2 + .2 — + .1 + .it - .2 - ,3 + l,ii + 4 All o t h e r t y p e s of b u s i n e s s - .k - .5 - .7 + Uk - .2 - .it + 2,6 + *3 +16,it + *7 - it. 5 +59,it - 3.7 - 1,9 + 2,6 - 2.7 - + - +19.0 - 2,0 - 5.0 Net change i n 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 p/ +187.0 +13.0 +111.0' - 1 . 0 .6 +60,0 .3 .H 7 + +12.1 .5 " + .3 Public u t i l i t i e s - »66 ) + + 3.it - 6 . 5- S(- .7 .3 + iu5 .3 ,6 + + + 2,0 + +1.7 + 2,6 U n c l a s s i f i e d changes - net + ik .it + 1.3 + 8 , 5 +H7*5 + 3*2 .it - +17.9 4-185*0 + .8 S a l e s f i n a n c e companies loans^Z + 1;0 - - 1.8 Net change i n c l a s s i f i e d + 1.3 - 3.2 + 6, 1 — *7 #2 + 1;2 - .3 - 1.1 + 2.6 .it ^ • — 1.0 .1 " - 7.6 + """" " " Commodity d e a l e r s (including transportation) - 1.3 + .5 — - .1 - it»o - 6 . 0 — - 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 1 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 changes i n t h e i r l a r g e r l o a n s a s t o i n d u s t r y ; t h e s e banks hold over 90 per c e n t of t o t a l commercial and i n d u s t r i a l l o a n s of a l l w e e k l y r e p o r t i n g member banks and about ?0 per c e n t of t h o s e of a l l commercial banks.
@FedFRASER