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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H*12 (For Immediate Release) August lit# 1951 CHANGES IN COMMERCIAL A D INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE N 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 + .9 + 2.5 + .9 - 2.3 - + 1*«5 + . 9 .3 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/ 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 . c e n t of t o Federal Reserve Bank of St. Louis
