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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H*12

(For Immediate Release)

August lit# 1951

CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE
The increase of 166 million dollars in 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 during the week ended August 1 included new borrowings i n
nearly a l l i n d u s t r i a l c l a s s i f i c a t i o n s , according to data submitted by about
220 selected banks* The p r i n c i p a l increases were in loans t o manufacturers
of food, l i q u o r , and tobacco products and to commodity dealers, s a l e s finance
companies, and public u t i l i t i e s .
The increase of 35 million d o l l a r s in loans t o manufacturers of food
products was the f i r s t weekly increase since t h e s e r i e s was s t a r t e d i n l a t e
March and the increase of 37 million to commodity dealers was t h e f i r s t subs t a n t i a l increase. The principal changes in loans c l a s s i f i e d by type of
business, during the week and since the end of March, were as follows:

Business of Borrower
Manufacturing and mining %
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
Petroleum and other
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 and other
Total changes c l a s s i f i e d

Week
Change
ended
since
August 1
March 28
(In millions of d o l l a r s )
+
+
+
•
+
+
+

35
2
16
3
17
37
32
U3
8

+156

-336
+127
+370
+133
- 53
-1*19
+ 39
+256
+ ia
+157

Changes i n loans c l a s s i f i e d as to purpose showed continued increases
i n loans f o r defense and defense-supporting a c t i v i t i e s t o t a l i n g 63 million
d o l l a r s ; and non-defense loans increased 95 million.




CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, AUGUST 1, 1951

H.12 (a)

Business of Borrower
Manufacturing and minings
Food, l i q u o r , and tobacco
T e x t i l e s , a p p a r e l , and l e a t h e r
Metals 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 rubber
Other m a n u f a c t u r i n g and mining
Trade:
Wholesale
Retail
Commodity d e a l e r s
S a l e s f i n a n c e companies
Public u t i l i t i e s (including t r a n s p o r t a t i o n )
Construction
A l l o t h e r t y p e s of b u s i n e s s
Net change of c l a s s i f i e d l o a n s ^ /
To b a l a n c e w i t h n e t change i n weekly
reporting series
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 loans

(In m i l l i o n s of d o l l a r s )
All
New
P h i l a - CleveD i s t r i c t s Boston York d e l p h i a land
+35.1
- 1.8

+ .2
— 1.6

+16.3

06
- 2.8
+ 1.1*

- l.l
+ U.2

+20.1*
-

1.7

+ 2.3

+ .3
+ 1.3
+ 2,1

+ 1.0

-

1.8

-

.1

+

.7

.1

- 1.3
- 2.2

-

+36.9
+31.7
+U2.6

- 2.8
- 1*,1
+ .6

+ 2.5

— .2

+16.7
+27.1
+32.7

+ 5.9

+

.1*
.3
1.7
1.2
5*5
1.3
.5

(

>

(-I0O)

+155.8
+10.2*
+166.0*

-

.6

.1*

- l.l
-

1.7

+
+
+
+

+

+

.9

+

*6

-

.1

+89.6

+12.3

-

+10.1*

+

-

- 1 1 . 0 +100,0

+13.0

+
-

.3
.9
«U

+
+

.2
.3
.2

+ I*. 9
- 1.9
+ 1.2

+

e

-

-

.2

-

1.7

-

-10.2

.7

+ l*.l*
+ 1.3

+ 5.3
- 1,0
+ .3

+ 3.2
+ lt.1

.7

+11.0

+ 1.2

+ .3
- 1.7

-

1.2

S t . Minne- Kansas
San
Louis a p o l i s C i t y D a l l a s F r a n c i s c o

.1

-

.1

.5
+11.7

.8

Richmond A t l a n t a Chicago
.6

.3
+ 1.9
+ .7
.3

+ .1
+ 1.1*
+

+
+
-

.1
.2

.9
.5
.3
.5

+ 1.0

+
+

.1
.3

+
-

+ eb
+ 2.2

+ It 8
+ t>l*

-

+ 2.5

-

.1

+ 1,0

.5

+
+

.5
.5

+ .9
- 1.3

- 2*3

- 1.8

-

+
+
+

-

1.3
.6

1.8
9.1*
1.5
1.3
2.8
3.5

.3
2

+ 2.2

-

.1

+

.3
.3

.6
.2

.3

—

»i*

.9
+ 1.2
+
.7
+ .3

)
. 6 1(
• 1 jr * • ? )
+ i*.2 + . 6
- 2.0
.7
+ .6
- .1 + . 5
+ l.l

+ l.l*

+ 3.1
+ 2.3
+ 1.3

1.3

+ 2,5

+ 5.5

+ 1.8
.1

-

+ 3-8
.1*
+ ,6

+ 2.3

- 2.5

+18.7

+ 3.1

+

.7

+ 6.1

+ 2.1

+22.8

.6

+ 5.5

- 3.7

-

-

*7

+ 1.9

-

.1

- 2,8*

+ 2.0

+ 3.0

+15.0

+ 3.0

+ 8.0

+ 2.0

+20.0*

.1

--

Purpose C l a s s i f i c a t i o n
Defense c o n t r a c t s
+20.1
+10.3 + l e 2 + 2 . 7 - .1* + l . l
- 1,1
+ 5.0 *2
+ 1.7
«2 Defense-supporting a c t i v i t i e s $
P l a n t and equipment
——
+ .6
——
+ l.l*
- ——
—+ .7
+25.9 + 5.5 + .9
+38.7
+ 3.7
——
——
——
All other
+ .1
+ 1*. 1
+ .1
+ . 5 - 1*,6 + . 7
+ 3.1* + . 1
+ .5
+ 3»3
Non-defense a c t i v i t i e s s
+12,2
I n v e n t o r y and working c a p i t a l
+13.0 + l*.l - .2 + 2 , 1 + *b
+78.8
-10.9 +53.0 + lt.0 + 2 . 0 + 1.0
- 1.9
+ .2
P l a n t and equipment
+ .2 - . 2
+ .1* + 1 . 6 - mb
+ .1
+ 1.6
+ 1.5
#2
+ 3.8
+ 7.8
.8
R e t i r e m e n t of non-bank d e b t and
——
•» —
——
——
preferred stock
——
+ .2
+ .8
+ 1.2
.1* .1
+ 1.7
A l l o t h e r ( f o r loans c l a s s i f i e d )
+
1
.
6
+
*b
+ 6.8
1.1*
+
.
9
+
2
.
5
+
.
9
+
.
9
2
.
3
+
1*«5
.3
.9
Net change of c l a s s i f i e d l o a n s l /
+22.8
-10.2
- 2„ 5
+12.3 + 1 1 . 7 + l.l*
+18.7
+ 3.1
+ .7 + 8.3 + 2,1
+89.6
+158.0
Previous week's f i g u r e s have b e e n r e v i s e d by +12.0.

About
220 weekly r e p o r t i n g member banks 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 loans as t o i n d u s t r y and purpose; t h e s e banks hold n e a r l y 95 per
http://fraser.stlouisfed.org/
c e n t of t o t a l commercial and i n d u s t r i a l loans of a l l . weekly r e p o r t i n g member• banks and about 75 per c e n t of t h o s e of a l l commercial b a n k s .
Federal Reserve Bank of St. Louis