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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) February 27, 1952 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE I n c r e a s e s of $38 m i l l i o n i n loans to manufacturers of m e t a l s and metal p r o d u c t s and $37 m i l l i o n to manufacturers of petroleum, c o a l , chemicals, and rubber p r o d u c t s , and decreases of 23 m i l l i o n t o commodity d e a l e r s and $15 m i l l i o n to manufacturers of food, l i q u o r , and tobacco p r o d u c t s were t h e p r i n c i p a l f a c t o r s i n t h e $>li m i l l i o n met i n c r e a s e 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 l o a n s a t weekly r e p o r t i n g member banks during t h e week ended February 20. Loans to commodity d e a l e r s and s a l e s f i n a n c e companies continued t o show small d e c r e a s e s . Other changes were r e l a t i v e l y small and r e f l e c t e d n e t repayments by most business categories* The i n c r e a s e i n l o a n s to manufacturers of petroleum, c o a l , chemicals, and rubber p r o d u c t s was t h e s i x t h consearutive and t h e l a r g e s t weekly i n c r e a s e since a sample of t h e l a r g e s t banks began r e p o r t i n g t h e s e data l a s t s p r i n g . Changes i n l o a n s c l a s s i f i e d by type of b u s i n e s s , during t h e week and since mid-1951, were a s f o l l o w s ; Business of Borrower Week ended / Since/ February 20W June 27— (In m i l l i o n s of d o l l a r s ) Manufacturing and mining; Food, l i q u o r , and tobacco + T t x t t l e s , appsr e l , -and l e a t h e r + Metals and metal p r o d u c t s + Petroleum and o t h e r 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 and o t h e r + C l a s s i f i e d changes - n e t U n c l a s s i f i e d changes - n e t 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 / 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 t a b l e . million. 3 23 10 3 11 21 17 +7hk -362 +1,509 +113 -157 +550 -3h 2 +267 -13U +2,189 -561 h +1,928 15 2 38 in Loans f o r defense and d e f e n s e - s u p p o r t i n g a c t i v i t i e s i n c r e a s e d $50 Non-defense l o a n s decreased $29 m i l l i o n . CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF. A. SAMPLE OF WEEKLY REPORT IMG MEMBER BANKS • BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE' DISTRICT, WEEK ENDED WEDNESDAY, FEBRUARY 20, 1952 ( I n m i l l i o n s of d o l l a r s ) St. ; P h i l a - Cleve- RichNew All DisBusiness of Borrower mond Atlanta Chicago Louis t r i c t s £ / Boston York d e l p h i a land Manufacturing and miningj + .1 Food, l i q u o r , and tobacco + it.l + 1.7 -15.2 .it - 1 . 1 - . 5 - 5.1t - 2 . 7 T e x t i l e s , apparel, and leather + 1.7 + . 5 + 1.5 - .5 - . 5 - 1 . 5 - «1 + . 8 + 1.2 Metals and metal products (including + .2 machinery & t r a n s p o r t a t i o n equipment) + 9.3 + . 5 +58.3 - . 7 +16,1 + .it + 8 . 5 - . 1 .2 + 2 . 2 +26.6 + 2 . 0 + 5.6 + . 1 + it. 3 Petroleum, c o a l , chemicals, and rubber - .it +57.2 + .2 + . 9 + 3.3 + 1.0 + . 8 -+ .9 +10.0 Other manufacturing and mining - .5 Trade; + 1.2 + 1.1 + 1 . 1 + .it + .it + . 2 + . 1 ( ,' ) Wholesale + . 2 r + 2.7 + .7 + .it Retail + .3 2 . 3 • it - .5 + .1 -12.1 . 2 . 1 Commodity dealers + .it - 2 3 . 0 - 1.5 - 2.5 - .9 + 1.2 S a l e s finance companies 1.8 6 . 6 - 1.7 + ii.2 2 . 8 + lt.6 + l . i t -10.it + 2 . 0 - .I4. . 2 — — Public u t i l i t i e s (including t r a n s p o r t a t i o n } . 1 + l . i t 6 . 5 - 5,3 + 1 . 0 - .1 . 2 + .it Construction - 3 . 5 i - . 5 - 5 . 7 - . 5 - -U + . 1 2 . 0 2 . 0 A l l other types of business - 1.1 - l.it .it - .it - 7.5 - .5 H. 1 2 ( a ) Net change of c l a s s i f i e d loans!,/ U n c l a s s i f i e d changes Net change i n cornel,ind'I,& a g r ' l loans +21.3 -17.5 + 1 + 7-3 4 + 1.7 + 9.0 +33.9 - 7,9 +26. 0 + 5.6 - .6 + 3.0 +18.6 + 5.1t +22.0 - 2,2 - .8 - 5.0 San Fran-, Minne- Kans as a p o l i s C i t y Dallas c i s c o P / - 1.8 + .3 + .7 .5 - 6.8 - .5 + 1 . 0 + 1.2 — 2, 0 - . 5 + .it - . 1 - .5 .it .2 + 2.1* - .1 + 5.1 - 1.9 + .2 + + + - .3 —— »6 .7 -.3 .8 + - *1 .5 (/" 1*4 , h) 2 . 1 - 3.2 + .5 + .5 + #1 ) - 5 . 6 - . 7 - . 6 + .7 + 3.0 + + - 5.8 it.l .7 it. 5 .8 1.2 2*3 - 5.7 - 1.5 - 5.0 + 8.6 - it.6 + it.o - 1 5 . 1 — 2 . 6 - 5.5 - . 9 - .it - 2 . 7 —16*0 - 3 . 0 - 8 . 0 - 5.7 - 2.3 - 8.0 - 1 6 , 1 — .1 + 2.0 - .9 -17.0 Purpose C l a s s i f i c a t i o n Defense contracts Defense-supporting a c t i v i t i e s % Plant and equipment A l l other Non-defense a c t i v i t i e s j Inventory and working c a p i t a l Plant and equipment Retirement of non-bank debt and preferred s t o c k A l l other (for loans c l a s s i f i e d ) Net change of c l a s s i f i e d l o a n s ! / +18,6 - .9 +12.7 + .8 + 1.2 — - .it + 2.1 - .it + 1,1 +15.9 +15.5 + 1.5 -- + 9.0 +16,0 .1 .1 + 5.0 + 2.9 — —- + - .1 .1 + it.it - + + .5 .2 * -2lu 0 + 9.1 + 7.7 + .1 - 2,ii + 5.7 + 2.9 + .1 + 9.0 + it.9 - .9 + 1.0 + .1 + 1.5 -15.3 — - .9 - .6 - 6.5 -T +21.3 + 7.5 +33.9 -+ 3 . 6 —- - it.lt +18.6 - 2.8 - .1 — + .7 - 2.2 - + * 2 - - - 2.I4. + 1.0 + 8*6 - 3.7 . 2 -.1 - l i t . 6" - 3*6 — — + - 1.2 n o xxinxiicu. y , x x u o x w vctj-u ^ A - - —- - it.l - . 6 - 7.L . 2 — —— + . 2 + - .6 -15.1 —- - »1 + - 2 . 6 - 5.5 !a jj/ .5 "P 4-1n o 1 . 6 .It - 5.7 OAT -XT A - 2.9 - 5*5 - 8.8 - .9 + .5 - 2.5 - 1 6 . 1 Ranlf. ~ I/About 220 weekly r e p o r t i n g member banks a r e r e p o r t i n g changes i n t h e i r l a r g e r loans as t o i n d u s t r y and purpose; t h e s e banks hold M a r l y 95 P3 r — c e n t of t o t a l commercial and i n d u s t r i a l loans of a l l weekly sekly r e p o r t i n g member banks and about 75 per cent of t h o s e of a l l commercial b a n k s .
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