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O BOARD OF GOVERNORS'OP THB FEDERAL RESERVE SYSTEM J u l y 2, (For Immediate Release) H. 12 1952 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY I n c r e a s e s o f $17 m i l l i o n i n l o a n s t o s a l e s f i n a n c e c o m p a n i e s , $13 m i l l i o n t o p u b l i c u t i l i t i e s , and $ 1 0 m i l l i o n t o m a n u f a c t u r e r s of me a l and m e t a l p r o d u c t s w e r e p a r t i a l l y o f f s e t b y a d e c r e a s e of $ 1 6 m ^ l o n i n l o a n s t o m a n u f a c t u r e r s of f o o d , l i q u o r , and t o b a c c o p r o d u c t s , ^ O t h e r _ c h a n g e s w e r e r e l a t i v e l y s m a l l and t h e n e t i n c r e a s e 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 a t w e e k l y r e p o r t i n g member b a n k s d u r i n g t h e week e n d e d J u n e 2 5 was o n l y $ 8 m i l l i o n . A b o u t t w o - t h i r d s o f t h e d e c r e a s e i n l o a n s t o m a n u f a c t u r e r s of f o o d , l i q u o r , and t o b a c c o p r o d u c t s was r e f l e c t e d i n t h e C l e v e l a n d D i s t r i c t , w i t h most of t h e b a l a n c e i n t h e Chicago D i s t r i c t , Loans t o c o m m o d i t y d e a l e r s , w h i c h h a v e d e c r e a s e d e v e r y week t h i s y e a r , showed a n e t d e c l i n e of o n l y $ 1 m i l l i o n d u r i n g t h e c u r r e n t w e e k . Changes i n l o a n s d u r i n g t h e week and s i n c e t h e y e a r - e n d w e r e a s follows• B u s i n e s s of B o r r o w e r Week ended . June 25P/ ' (In Since December 2 6 2 / m i l l i o n s of d o l l a r s ) M a n u f a c t u r i n g 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 Petroleum, coal, chemicals, & rubber O t h e r m a n u f a c t u r i n g and m i n i n g - 16 3 + 10 7 1 - T r a d e — w h o l e s a l e and r e t a i l Commodity d e a l e r s S a l e s f i n a n c e companies P u b l i c 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 b u s i n e s s h l + 17 + 13 + 5 + 7 - 10U - 63U 217 2 20 27 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 + 20 - 12 - 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 l o a n s py/ P r e l i m i n a r y } s e e f o o t n o t e on a t t a c h e d t a b l e . 869 73 +1,111 + 176 + + : 76 5U2 - 266 - 808 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JUNE 25, 1952 H. 1 2 ( a ) ( I n m i l l i o n s of d o l l a r s ) B u s i n e s s o f Borrower All DisBoston tricts P/ 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 ( 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) Petroleum, c o a l , c h e m i c a l s , and rubber Other manufacturing and mining New York P h i l a - Clevede l p h i a land RichA t l a n t a Chicago mond -1.7 + .5 -• .9 .9 - it.6 + .7 - l.o — + l.l + + .7 + .2 .It — + 3.2 - 2.6 - l.o - - + + - .5 - .3 - .2 + 1.3 - »3 - .it - - 3.2 + 3 . 2 + 3»9 + .3 .7 -9.8 — + .2 + 6.8 - .1 - .It - 3 . 3 .1). + 1 . 3 + .3 .5 + 3.5 + .It + .3 Trade; Wholesale Retail + .1 - .6 + «U .7 + .U - Commodity d e a l e r s + 2.6 - 7.0 h .8 - 1.2 - + . 3 - U*8 - •3 ~ .9 .8 • - .It .1 .3 -b .7 * * + .6 - .3 .2 + 1.7 .6 — - .1 - 1.9 - .9 *U - .2 + .U .1 - .1 + »9 .5 — - .it .3 (- .1 + 9.2 + 3.3 - 3.2 + 2.3 + .9 + 3*0 - »ii + + (including transportation^' .2 +12.8 + 1.1 - + .2 + .h - 2.7 + .5 - 6.0 - 1.5 + 1.5 + 1.2 - 1.2 - .5 — .It ' + — .2 + + + - - .3 + .8 + 1.2 .6 .6 — Construction - All other types of business + . 7 + 3*6 .2 .3 .8 Net change i n c l a s s i f i e d l o a n s ! . / +20.1 + 1.2 +20.1 + 5.0 -11.5 - U n c l a s s i f i e d changes - n e t -12.1 + 3.8 - 1 5 . 1 -3.0 + .5 - 2.it 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 + 8.0 + 5.0 + 5.0 + 2.0 -11.0 - 3.0 + .6 .6 .8 .5 .3 .5 - 2.7 + .1 + .6 + .8 - .1 .9 l.k - - l.l ) - 1.8 .8 ) + .8 j + S a l e s f i n a n c e companies Public u t i l i t i e s . 5 + 1.7 San FranS t . Minne— Kansas Dallas o i s c o p / Louis apo l i s City- + .6 + .3 + 8.6 .It + 2.9 .2 + .2 + 1.6 + 3.8 2.1 + - 2.5 • - 8.2 - ,ii + 6 . 3 + +10.6 .1 + 1,2 + .It + 1 . 7 + .7 — 2.0 — 7*0 — + 8.0 — .3 + 1.0 - .6 +10.0 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 the F.R. B u l l e t i n and f i n a l San Francisco 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 o f the Reserve Bank. 1/ - About 220 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 loans as t o i n d u s t r y ; these banks hold n e a r l y 95 per c e n t of t o t a l commercial and i n d u s t r i a l loans o f a l l weekly r e p o r t i n g member banks and about 70 per c e n t of t h o s e of a l l commercial banks.