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"'VBOARD

H»12

pZrGOyEKNSd' OF THE FEDERAL RESERVE SYSTEM

(For Immediate Release)

October 15, 1952

CHANGES I N COMER CEAL AND INDUSTRIAL LOANS BY INHJ STRY

Increases of $61* million in loans to commodity dealers, $56 million
to manufacturers and producers of petroleum, coal, chemicals, and rubber, $52
million to manufacturers of food, liquor, and tobacco products, and $22 million
to the wholesale and r e t a i l trade were partly o f f s e t by repayments of loans of
# 2 million by public u t i l i t i e s , $20 million by sales finance companies, and
$15 million by manufacturers of metals and metal products. The net increase in
commercial, i n d u s t r i a l , and agricultural loans a t weekly reporting member banks
was $137 million during the week ended jlctober 8.
The increase in loans to manufacturers and producers of petroleum,
coal, chemicals, and rubber products was the largest weekly increase in t h i s
business category since the series was inaugurated in the spring of 1951; most
of t h i s increase was in New York. The increase in loans to commodity dealers
was the largest weekly increase in this business category t h i s year and was
reflected in every d i s t r i c t . Loans to the wholesale and r e t a i l trade increased
for the f i f t h consecutive week.
The decline in loans to public u t i l i t i e s followed eleven consecutive
weekly increases.
Changes in loans during the week and since June 25, 1952 were as
.
.zVj
Week
ended
/
Since /
Business of Borrower
October 8
—
June 25—
(In millions of dollars)
Manufacturing and mining:
+l*oi*
+ 52
Food, liquor, and tobacco
+ 56
- 1
Textiles, apparel, and leather
-236
- 15
Metals and metal products
+186
+ 56
Petroleum, coal, chemicals, & rubber
+ 52
+ 11
Other manufacturing and mining

follows)

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
Net change i n commercial, indust r i a l , and agricultural loans
p/

Preliminary} see footnote on attached table*




+
+
+
-

22
6ii
20
1*2
X
h

+ 50
+381*
+ hi
-108
+ 21
+115

+123
+ 15

+961*
+ 60

+137

+1,021

H.12(a)

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE) OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, OCTOBER 8 , 1952

B u s i n e s s o f Borrower
M a n u f a c t u r i n g and m i n i n g j
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 ( 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 mining
Tradej
Wholesale
Retail

( I n m i l l i o n s of d o l l a r s )
A l l Dis f
New
P h i l a - Clevet r i c t s P/ Boston York d e l p h i a l a n d

+52.1
- 1.4
-15.1+
+55*6
+11.4

+ 2.8 +27.2 -

,9

+ 1.3

- 3.4

+

+

-10.0

- 1,1 - 1.8

.It
ek

+ .5

+16,0
+ 2.3

.3

•1

.1

-

.2

-

.3
*5
.3

- 3<a
+ 5.9
+ 7-4

+
+

.5

+
+

.3
.7

-

.1

.7

- .2

+ 1.8
+ 1.1

-

.6
.3

+

.1
.3

+

.4

+

l.l

+

—

-

.5

.8
.2

-

+

+

1.7

+26.5

+

6.6

+

S a l e s f i n a n c e companies

-20.3

-

.5

-20.1

-

3.0

+ 1.8

Public u t i l i t i e s

-1*2.0

-

.3

-28.9

+

.2

Construction

+

—

+

+

A l l o t h e r t y p e s of b u s i n e s s

- 4.1

-

.3
.2

- 7.1

-

+122.5

+

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

-

+

+63.6

U n c l a s s i f i e d changes - n e t

«9

- »8
+ 1.0

Commodity d e a l e r s

Net change i n c l a s s i f i e d l o a n s 2 /

— *5

-

.5

+

.8

+ .6

*9

+

+ 6.3
+ 9.5

f8

+ 7»4

-

+ 1.5

.3
.2

(including transportation)

+ 2.3

+
+

+
+

.5

+ 1.1

^6

[+22.2j

*5

S t . Minne- Kansas
San Fran*-,
Loui: a p o l i s C i t y D a l l a s c i s c o P /

+ 2i2
+ .6
+

,8 + 1*7

— .2

Richmond A t l a n t a Chicagc

+ 8C 9

.2

1,6

+

3.3

+ 3.5

+10.0

-

=2

-

.4

+ 4*7

-13.7

+

•5

+

.3

+ 1.0

-

.3

.3

+ 1.6
- 7.1
+ 5-1

+

5.6

+

.4

+

6.0

+49.1

+

+14.5

+

5.5
1.5

+ 4.9

+

3.2
1.8

+137,0

+

7.0

+54.0

+

5c o - 2 . 0

-

.1

.3

+

.3
.2

.4

1.5

- 2.1
+27,3

-

- 1.3

+17.0
+ 2.0

7-0

+26.0

+19.0

.7

+ 1.5

7,8
.8

-

—
-

+

+

+ 2.6

+ ;7

•5

+ .1

+
+
+

.2
.1
.9

u

+
+

.8
.3

.9

+ 6.2

+

1.7

1.0

+ 1.3

-

2.6

.2

.1

.4

—-

-

-

.7

.8

b *l
—-

+

-

.4
.2

+ 1.7

-

+ 1.8

—

1.0

-

+

1.9

-

1.9

+

3.0

+13.5
+ 2.5

mm mm

+

2.0

+16.0

-

.3
1.6
.6
.3
2.7
3.0

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 appear i n a r e l e a s e of t h e Reserve Bank*
l / About 210 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 changes 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 banks h o l d o v e r 90 p e r c e n t o f
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 w e e k l y r e p o r t i n g member b a n k s and about JO p e r c e n t of t h e s e of a l l commercial b a n k s .