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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 + .4 .3 .2 1.5 - 2.1 + 1.5 +27,3 - 7,8 .8 - 1.3 +17.0 + 2.0 7-0 +26.0 +19.0 - — - + + .7 - + ;7 •5 + .1 + + + .2 .1 .9 u + + .8 .3 .9 + 6.2 + 1.7 1.0 + 1.3 - 2.6 .2 .1 .4 —- + 2.6 - - .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 .
@FedFRASER