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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 .