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€ H-t—r-. )VERNORsl^x R o M & M n o r <j s o f t h e f e d e r a l r e s e r v e < ^ r immediate Release) ESERVt^^ C H A N ^ ^ S July 30, 1952 N I N C O M M E R C I A L A N D I N D U S T R I A L s y s t e m L O A N S B Y B E U S T R Y 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 decreased $11 m i l l i o n at weekly reporting member banks during the week ended July 23 as i n c r e a s e s i n loans to commodity d e a l e r s and to manufacturers of food", l i q u o r , and.tobacco products were o f f s e t by repayments by s a l e s f i n a n c e companies, manufacturers of metals and metal products, and i n u n c l a s s i f i e d l o a n s . The i n c r e a s e s of $25 m i l l i o n i n l o a n s t o commodity d e a l e r s and $21 m i l l i o n to manufacturers of food, l i q u o r , and tobacco products are seasonal and both are occurring a few weeks e a r l i e r than i n 195l» The i n c r e a s e s i n commodity loans were l a r g e l y i n the New York and Chicago d i s t r i c t s and those i n t h e food i n d u s t r y were l a r g e l y i n the San Francisco and Chicago d i s t r i c t s . Other i n c r e a s e s reported were $10 m i l l i o n by public u t i l i t i e s and <^7 m i l l i o n by manufacturers or producers of petroleum, c o a l , chemicals, and rubber. The sales finance company loan decrease of $28 million Was largely in New York. The ,18 million decrease in loans by manufacturers of metals and metal products was r e f l e c t e d in practically a l l d i s t r i c t s . Changes i n loans during the week and since the year-end were as follows - Business of Borrower Manufacturing and minings Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining Trade — wholesale and r e t a i l Commodity dealers Sales finance companies Public u t i l i t i e s and transportation Construction Other types of business Classified changes - net Unclassified changes - net Week ended , Since . July 232./ December 26£/ (In millions of dollars) 21 2 — 18 4- 7 6 - -899 - 61 +i,oUo +199 + 79 1 + 25 — 28 + 10 _ 2 2 -136 -582 -208 -170 + 30 + 16 + 15 h -692 -2 7)4 li -966 + _ - Net change in commercial, indust r i a l , and agricultural loans p/ preliminary; see f o o t n o t e on attached t a b l e . CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, JULY 2 3 , 1952 H. 12 (a ) ( I n m i l l i o n s of d o l l a r s ) 1 New P h i l a - C l e v e - j R i c h A l l Dis.A t l a n t a Chicago t r i c t s P / B o s t o n j York d e l p h i a land J mond Business of Borrower Manufacturing and minings Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Metals and metal products (including m a c h i n e r y & t r a n s p o r t a t i o n equipment) P e t r o l e u m , c o a l , c h e m i c a l s , and r u b b e r Other m a n u f a c t u r i n g and mining Trade$ Wholesale Retail 4 2 0 , 6 - 1 . 9 - 1 8 + 0 + 7 e l i - 5 . 8 1 r * ° ) Commodity d e a l e r s + 2 5 . 3 S a l e s f i n a n c e companies - 2 7 . 8 Public u t i l i t i e s (including transportation) Construction A l l o t h e r t y p e s of b u s i n e s s .1/ 1 . 0 - 1 . 5 + 1 . 5 - . 7 - 2 , l i - J a b - . 2 + 9 . 3 - 1 . 2 - 2 . 7 - + 3 * 3 - .2 + l « 9 - . 3 + + 1 5 . 3 - .2 +1.7 + - 1 9 . 6 - - . 3 + l.o — +10.1 - Net change i n c l a s s i f i e d l o a n s i / 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 l o a n s - .it - 2.U + + iu2 -15.2 -11.0 2 . 5 + — 1 . 9 + 1 . 3 . 3 + . 3 . 6 — * . b 3 . 9 - . 3 — — 1 . 3 + 3 . 8 - . 9 + 1 2 . 6 + . 2 + . 3 - . 1 - 1 . 9 . 2 — . 5 — • 5 ~ . 8 - . 2 + 2 . 6 - 1 . 4 . 5 - . 1 - . 9 — 3 . 5 - . 5 - 2 . U + . 1 + . 7 + . 2 + . 1 - . 9 - . 3 + . 2 - - . 9 . 5 + 3 » k - . U + . 3 - l. o « 6 — . 3 - . 1 5 . U — * 8 + 1 * 9 + 1 . 3 l . U — » 3 - . 5 1 . 5 + . 6 + + » 3 **• 1 . 2 It. 9 + . 9 i i . o - + . 5 . 2 *•* * 6 1 . 6 + - . 3 — + 2 . 1 — + + 5 . 8 - . 2 + 7 . 3 + . 8 + .2 — . 2 - . 1 + —*• - - + 8.2 + 2.0 - .1 + .6 2 . 3 - ! San FraxyS t . Minne- Kansas Louis a p o l i s C i t y D a l l a s J c i s c o ? / — i t . 6 + - i o . L - l e l t - - l i . o - 6 . 0 + .2 .6 .1 .1 - - . 5 - 2.1 + + . 5 + .1 - 3 . 3 1.2 - 1.8 ) - 2.0 ) - 1 . 5 - 2.0 + 1.6 - 1.2 - 3 . U — 1.0 *1 + .6 + .2 + 1.8 - .1 - * 5 - 2 . 3 2 » 1 | + 2 . 7 + 2 # 3 + 2 . 9 + .3 - 5 . 1 - 1 . 6 - 7 . 7 - 1 . 3 - 1 . 9 - 1 . 3 + 8,1 + 5 . 8 - l i . o - 5 . 0 + l . o * l . o - l . o + + 8 * 0 *k + 1 . 7 1 . 2 — - 2 . 2 - i . o .2 + .2 — - - * 3 + — 1 . 3 + . 5 - # 3 3 . o + * 3 + 2.2 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. 1 / A b o u t 2 2 0 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 l o a n s a s 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 p e r 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 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 bank .
@FedFRASER