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/ / I t . . r. j s„- <-, „ _"QrsOVERNGRSo^ 4V*Jx*-v % J z A . H 1 P A R « OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM September 3> 1952 (For Immediate Release) ?,12 • RESERVE'^ M G E S IN COMMERCIAL AND INDUSTRIAL LOANS BY INDUSTRY Increases in loans to food, liquor, and tobacco manufacturers amounted to $$4 million and accounted for nearly half of the $120 million increase in commercial, industrial, and agricultural loans during the week ended August ..SI* This was the largest weekly increase in this category since the seasonal increase began. Other increases included $22 million to the petroleum, coal, chemicals, and rubber industry, $12 million to commodity dealers, and $10 million to public utilities. The larger increases in loans to commoditydealers were in the New York and Minneapolis Districts. An $8 million increase in loans to manufacturers of metals and metal products in the Cleveland District was largely offset by decreases elsewhere. Changes in loans during the week and since the year-end were as follows: Business of Borrower Week ended August 272/ Since December 26g/ (In millions of dollars) Manufacturing and mining: Food, liquor, and tobacco Textiles, apparel, and leather Metals and metal products Petroleum, coal, chemicals, & rubber Other manufacturing and mining + 54 + 8 +'1 + 22 + 1 -726 - 16 +897 +272 + 89 12 -148 -496 10 2 10 -130 + 35 + 59 Classified changes - net Unclassified changes - net +110 + 10 -452 -221 Net change in commercial, industrial, and agricultural loans +120 -673 Trade — wholesale and retail Commodity dealers Sales finance companies Public utilities and transportation Construction Other types of business p/ 1 6 Preliminary; see footnote on attached table -287 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, AUGUST 27, 1952 E. 12(a) Business of Borrower +I4.0,6 + U*2 + + - 2.9 +16.9 .7 •O Trade; THholesale Retail + 7.9 + 1.7 + .1 +5k.l § Manufacturing and mining1 Food* liquor, and tobacco Textiles, apparel, and leather Metals and metal products (including machinery & transportation equipment) Petroleum, coal, chemicals, and rubber Other manufacturing and mining (In millions of do lars ) Phi la> Cleve~l RichNew All Dis-y, Boston York delphia land I mond Atlanta Chicago tricts P/ + + .6 ( ,) 6 - > r .3 + 1.0 + .7 + .2 .7 .3 1.0 + .2 - .2 +11.8 MM 3*5 + l*h + .8 Sales finance companies — + 3.7 - 6.5 - U.0 + .U +11,3 Construction *• 1 . 6 mm .2 - All other types of business +10.1 + .7 - .1 + .7 Net change in classified loans*/ Unclassified changes - net Net change in commercial, industrial# and agricultural loans +120.0 .7 .6 — — - .2 mmm» - .2 2.8 .1 4 +h + •6 •9 4 •6 - 4 l»it * 4 •9 - - .2 4 .8 - " - It. 5 4 . 6 + 1.3 — — *8 4 .6 - - »5 - - •1 4 * - + + *"• + •9 + + 4 *3 - *3 4 a - - - .1 - 1*3 2.9 + U.o +75.0 ~ 3.0 +10+0 4 3.0 - *• a .5 4 3.0 - —- ** .1 - 1.5 - .2 — 1.6 .3 + 1.0 1.9 .3 - (+ ( - Not i.ii .7 .6 .3 5.0 - + 1^2 + #1 avail- .4) 4 3-1 - + 1.3 able .1 2.3 - — - • + 1.7 - .5 - .8 2.h + .2 - .8 + 7.8 1.6 + 6*2 - 2.U 4 6.3 - l.h - 7.2 •U 2.3 3.0 - 1.0 - + !u6 + 1.0 .2 .8 + 8,ii .6 .2 + + 3*5 4 5.9 - .2 .2 + l.U 4 .1 - +11*3 + + 1.0 4 2.0 - 2,9 + — — 4 1.0 - mm .7 .2 .1 K5 4 W - •7 .1 +70» U - *2 4 - - + mm - 4 1-7 4 *2 - it.6 +109.7 +10.3 + + 1.2 .b + 9.6 •2 4 1*8 4 2.0 - 4 *2 - + 2.6 + 1.5 - 2.0 Public utilities (including transportation) 4 3.3 ,h 8.U mm mm + + Commodity dealers 6.1 + 1.2 San FranSt. Minne- Kansas Dallas cisco Louis apolis City .u 4 8.0 " - - 2.0 + lu 0 — +22.0 +22.0 p / Preliminary; final totals will appear in the F.R. Bulletin and San Francisco District figures appear in a release of the Reserve Bank. er cent of l/ About 220 weekly reporting member banks are reporting changes in their larger loans as to industry; these banks hold nearly 95 P of all commercial banks* — total commercial and industrial loans of all weekly reporting member banks and about 70 per cent of those
