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. r - > I BOARD OF GOVERNORS OF': THE/FEDERAL RESERVE SYSTEM H.12 (For Immediate R e l e a s e ) June 2 5 , 1952 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS BY INDUSTRY Borrowings i n p r a c t i c a l l y a l l b u s i n e s s c l a s s i f i c a t i o n s accounted f o r an i n c r e a s e of $258 m i l l i o n 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 the week ended June 18•» which included a q u a r t e r l y t a x payment d a t e . The o n l y n e t decrease was i n loans to commodity d e a l e r s . The p r i n c i p a l i n c r e a s e s were $6l m i l l i o n i n loans t o s a l e s f i n a n c e companies, $50 m i l l i o n t o manufacturers of metal and metal products, $hh m i l l i o n to p u b l i c u t i l i t i e s , and # 2 m i l l i o n to manufacturers and producers of petroleum, c o a l , chemicals, and rubber products. Loans t o manufacturers of food, l i q u o r , and tobacco products increased $19 m i l l i o n , the f i r s t s i z e a b l e weekly i n c r e a s e t h i s year i n t h i s b u s i n e s s category* The i n c r e a s e i n loans to manufacturers and producers of petroleum, c o a l , chemicals, and rubber products was t h e l a r g e s t weekly i n c r e a s e in t h i s b u s i n e s s c a t e g o r y s i n c e a sample of the l a r g e s t banks began r e p o r t i n g t h e s e data over a year ago. Changes i n loans during the week and s i n c e the year-end were as fo1lows« B u s i n e s s of Borrower M a n u f a c t u r i n g and m i n i n g : Food, 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 P e t r o l e u m , c o a l , c h e m i c a l s , & rubber O t h e r m a n u f a c t u r i n g and mining +19 + 6 - 857 68 2 13 + + 182 lh + 7 -11 +61 + hb + 10 + 3 + 102 632 230 15 17 35 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 +2UU + lU - 569 2J47 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 +258 - 816 Trade — 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 o f b u s i n e s s p/ Week ended Since June 1 8 ? / December 2 6 2 / ( I n m i l l i o n s of d o l l a r s ) 0 + 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 . +1,098 CHANGES IN COMMERCIAL AMD INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED "WEDNESDAY, JUNE 18, 1952 a 12(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 of Borrower New York All Dist r i c t s 2 / Boston M a n u f a c t u r i n g and m i n i n g s 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 r u b b e r 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 4" 4- 19*2 6.2 + 50.0 4- 1 2 . 1 4- 1 2 . 7 Tradej Wholesale Retail !< Commodity d e a l e r s |- P h i l a - Clevede l p h i a l a n d .9 1.3 + 23.2 3.6 2.1 + .u 4" 1 . 7 - 2.0 .1 + 30.5 + 28.6 + 7.5 + .5 + 2.9 4- 1 . 1 + + + .It - .9 4- - i + 60.8 + 2.0 + li2.li 4- l . l + 6.I1 4- 1 . 8 + U3.7 + .9 + 25.1 + .6 + 6.9 4- Construction + 10.1+ + .1 - .1 •• .9 + *3 A l l o t h e r t y p e s of b u s i n e s s + 3.1* - 1.5 + 1.7 + +163.3 + 5.1 4- (including transportation) + U n c l a s s i f i e d changes - n e t + 13.8 + 1.0 - 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 + 258.0 5.0 +157.0 6.3 .9 + 6.0 •9 + - - .9 .h —- e. .3 .3 + • .1 *1 + •U 4- k.5 4- 1.6 (+ ( - 6) • 6) + It.6 1.6 - 2.7 - — 2.3 — .6 l.l 4- 1.3 4- l.li 4- 3.9 .9 4- 3.6 3.L 4- .U .9 k +7 4- 1 . 2 • 1.3 4- k.8 - 4- .6 4- 2 . 0 4- 1.0 4- 1 . 9 + •3 4- *2 4- .2 .5 4- 1 . 3 4- .9 4* 3*7 4- 2 . 1 4- *b 4- . 3 4- + 22.5 4- 5 . 1 - •2 4- 31.5 — ,8 4- l . l 4- 3.1 - .8 - 4- 7 . 9 4- 1 5 . 1 4- 2 . 0 - 1.0 4- 9 . 0 4- 16.0 - 1.5 + 21.0 - .2 =• 4- 1.5 0 + 2UU.2 - 0 KA Net change i n c l a s s i f i e d loans.!/ .5 h.o 1 . 2 4- 2 . 3 4- + Public u t i l i t i e s - 4- 7.3 S a l e s f i n a n c e companies .1 4- 1 . 5 4- 2*1 - .8 • 2 4- 2 . 2 •2 •3 .5 - - 44- + .6 3.3 - .3 .9 11.3 \ 4- .7 .3 .1 3.U 1.2 •2 •u 4- — 4- 4- - .2 4- 5 . 3 + 2.5 4- 2 . 1 6.2 5.1 1.2 4- U.7 4* . 1 44- . 1 4.7 4- 1 . 2 4* •2 - + + • eli 4- • 3 4- l . l .6 .8 + .3 .3 .ii .7 .1 4- 3 - 5 4.7 X 7.0) + c 4- 1 , 1 4- . 2 + .3 2.1 .h 1.5 .7 .2 - + 10.1 + 2.9 San F r a n S t . Minne- Kansas Dallas cisco p / Louis a p o l i s C i t y .3 .3 1.1 + + RichA t l a n t a Chicago mond —— 4- 2 . 5 + .2 4- .2 - - 2.2 4- 5.5 4- 6 . 2 4- . 5 4- 3 . 8 - 3.0 4- 6 . 0 4- 1 0 . 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 a p p e a r 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 a p p e a r i n a r e l e a s e of t h e Reserve Bank. l/ ~ About 220 w e e k l y r e p o r t i n g member b a n k s a r e 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 b a n k s h o l d n e a r l y 95 p e r c e n t of t o t a l c o m m e r c i a l 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 b a n k s and a b o u t 70 p e r c e n t of t h o s e of a l l commercial b a n k s .