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\ ... INDt.JSTRIAL ADVANCES BY FEDERAL RESERVE B.AN"i:S -- SUI:Wi.RY OF'APPLICATIONS, 1\P.P'ReVALS, 'REJEO'f'!Ol-JS AliTD COMMITMENTS, TO FEBRUA.RY'"l3, 1935 (Amounts in thousands of dollars) (Not for publication) B-816 -Applications received - net Applications recommended Applications approved by Federal Reserve Bank Rejections of a~plications Conditionally Recommended by Finally By Indus trial By F .R. banlc for approval {wit~ and F€deral Total Industrial Adtrial By Federal from Indus approved approved Advisory without conditions) by iese.rve visory Committee Reserve ban.~ Comnittee Adv. Cormnittee* Ind. Adv. Committee Bank Number Amount , llumb~r A<oount Number J Amount Numberi Amount Number I Amouh t Uu.:riberl Amount Numb erl Amount Humber T Amount 201 192 5.718 115 59 4,812 5 4,697 5.332 11,886 288 14,407 105 6,933 3 :Doston 315 11,771 20,542 15,751 343 41,186 20,106 21a 21,840 181 10,069 32 378 43,636 l:ew York 605 195 572 246 14 8,7o4 7,565 223 7 6,704 6o 5,965 6,384 14,489 739 107 16,638 324 Philadelphia 366 4o 6,931 1,070 6,155 64 325 104 4,228 307 3,158 11,260 124 12,126 430 5.093 Cleveland 455 228 26 1,887 5,119 227 5,159 6,874 102 4,987 76 12,088 105 Richmond 346 13,136 332 1,ooa ~6 231 2,008 984 5,940 236 5,239 128 2,992 92 3,12 ..1 366 132 8,733 Atlanta 9,859 383 26,846 25,611 663 677 4,360 68 17 1,585 51 5.945 94 7.996 Chicago 749 33,239 35.294 774 480 148 4,445 4,425 14 150 2,500 2,980 3,000 56 220 70 8,103 7,425 72 230 St. Louis 8,619 470 454 86 7.762 2,338 71 1,001 178 4,358 629 11,998 13,490 Uinneapolis 3.339 713 la~ 207 4,197 834 207 4,197 36 2,237 13 3,071 7,268 3,292 256 267 7,717 =ansas City 53 268 5,062 12 1,057 271 5,159 2,047 3,104 67 86 8,838 3,909 9,134 Z)allas 79 - 365 353 8,106 681 11 8,087 120 109 3,476 2,795 377 373 498 11,632 130 16,:26~ San Francisco 612 3.73L_j 289 22,204 3,676 106,936 934 47,161 180,042 1,381 74,930 1,223 69,365 TOTAL 5,017 5,434 200,109 3.726 103,735 . Distribution of amounts finalJy approved by Federal Reserve bank -- Applications under consideration ! Financing ___ Federal Reserve bank E?-rtici:Ea tions 1 .. . Federal By Industrial I By Federal r Ad I f 1 • F:r..nanc:r..ng institution Reserve Outsta..."l.ding I vancesj In proce~s of I .'h thdrawn, re- institution .Advisory Comrni t tee Reserve bank Total re- 1 _ complet:r..on duced, or ~x- j . . . guarantees Bank Advances! Cornmi tments, paid I Advancesj Cormni tmentsl pired (unused) part:r..c:r..pat:r..ons .Az10unt Uumber Number l .Arnoun t 576 ___ 4o 141 1,884 18 2,142 28 653 Boston 1,974 -4,697 1,357 5 2,762 111 1,201 1,705 ll3 1,387 lTew York 16 4,765 787 2,988 32 3.595 10,069 84 582 30 310 4 Phi !adelphia 220 153 857 1,751 36 5,965 3.979 -.... 161 429 2 Cleveland 24 100 1,201 1 32 878 1,333 3,158 -Richmond 1,141 2 202 187 91 74 1,012 2 14 4,987 2,773 591 55 41 Atlanta 10 163 2,008 1,076 15 137 9 796 735 7 Chicago 66 4 ~~ 4,360 1,603 1,688 -552 393 17 1,293 453 20 St• L0 uis 480 381 10 2,500 331 275 1,335 679 59 Minneapolis 16 202 4o 81 193 2 1,825 72 2,338 1,370 30 Kansas City §) 149 28 228 31 -715 679 635 7 -2,~7 Dallas 40 160 47 ll 508 1,287 163 2, 7 5 3. 575 I San Francisco 816 726 178 1,076 112 71 651 2,795 4,553 3 ·TOTAL 12,540 6,329 18,248 1,073 68 6,942 47,161 18,375 377 4, 712 3,008 2,708 3,128 FEDERAL RESERVE BOARD ~ Less ~ '500. *Applications acted on by Industrial Advisory Committee adjusted for changes in amount applied for DIVISION OF BANK OPERATIONS and for w~thdrawals before approval or rejection by F.R.bank. FEaRUARY 10,19~5. I - I - I ·~ . ' --- -- --- 1~ -- -- --- -- -- -- ~ CLASSIFICATION OF APPLICATIONS FOR H!DUSTRIAL IDAlTS REJECTED BY FEDEHAL RESERVE BANKS, TO FEBRUARY 13, 1935 B-816a (Amounts in thousands of dollars) (Not for publication) Reasons f o r InelLfdble Total applications rej.ected Federal Reserve Bank !To. .. 'l Amount l~ot established industrial or commercial enterprises l!o. t Amount Boston 1-l'ew York Philadelphia Cleveland 201 343 246 325 5,718 15,751 7,565 6,931 Richmond Atlanta Chicago St. Louis 228 231 677 150 5,159 5,239 26,846 4,445 68 9 470 207 271 _·n1 8,619 4,197 5,159 8.106 3,726 103,735 Minneapolis Karlsas City Dallas San Francisco Total, all Districts Uot for Otherwise worlc:ir.g ineligible capital lTo. I Amou."l t No. fAmount 3 28 7 21 30 925 26 494 28 15 16 60 858 659 7o4 1,762 la i~ 1,927 364 39 39 146 24 1,167 1,337 8,211 1,260 31 7 8 27 1,013 820 214 1.1)80 80 2,476 140. 3,484 6o 1,461 30 1,025 228 7. 795 677 24,404 1 Unsa tisfac tor~ financial condition l~o. I Amount r e j e c t i o n s I UnsatisUnsatisfacto~ factory business management prospects lfo. J Junoun t no • I Amount Insufficient security 3,241 11,102 3,324 4,018 1 - --3 -- 155 3~ 146 3,896 12,417 1,623 2,830 15 254 101 127 1,365 9,132 2,972 3, 729 9 202 5 20 312 7,632 31 423 173 319 139 236 6 5 2 33 25 300 119 12 311 92 2,831 237 8,687 1,435 56 20 9 35 2,163 580 l,~i 4 38 18 6 625 888 2,318 230 175 ~,915 198 ,286 366 12,6~ 87 1,5 36 65 170 160 594 826 2,988 2,234 95 96 29 3 1,613 1,622 1,290 105 28 6 5 2 775 129 355 634 1,647 4o,598 -- -4 87 -- 133-~ 25 38 840 26,635 11 1 Amount No. 1 Amount . 12 651 396 10,368 -- 1,155 41,867 326 9,227 13 544 646 13,602 346 36 - 1 87 75 20 2,3~ 4,058 388 415 10,996 403 9,802 995 38,738 273 6,702 223 2,295 11 601 112 69 1 222 3.234 340 6,336 305 475 2,559 1 5,486 508 9,328 495 10,041 498 9,676 870 16,815 343 13,729 2,547 56,550 673 . Total, including duplications lTo • { Amount l!o. 15 -- Rejected for other reasons 16,817 6,980 187,162 FEDERAL RESERVE BOARD DIVISION OF BAUK OPERATIOHS .FEBRUARY 19, 1935. ----- - -- ~ -~ I I