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B A D OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
OR
H*12

(For Immediate Release)

July 2k, 1951

CHANGES IN COtiMERCIAL A D INDUSTRIAL LOANS, BY INDUSTRY A D PURPOSE
N
N

Data collected by about 220 of the largest member banks at the request
of the National Voluntary Credit Restraint Committee showed t h a t the 33 million
dollar decrease in commercial, i n d u s t r i a l , and agricultural loans at a l l weekly
reporting member banks during the week ended July 11 included substantial decreases in loans to manufacturers of food, liquor, and tobacco products and to
sales finance companies. Increases were reported in a l l other manufacturing and
mining categories.
Decreases in loans to manufacturers of food, liquor, and tobacco
products have been reported i n every week since t h e series was s t a r t e d and now
t o t a l 337 million dollars. The expansion i n loans to manufacturers of metals
and metal products of k5 million dollars was a continuation of the upward trend
in these loans; t h i s industry also shows the largest cumulative increase since
l a t e March. The increase in loans to commodity dealers, although only it million
dollars, was the f i r s t weekly increase in these loans since t h e series was
started.
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 minings
Food, liquor, and tobacco
Textiles, apparel, and leather
Metals and metal products
"Other" manufacturing and mining
Commodity dealers
.
Sales finance companies
Public u t i l i t i e s and transportation

Week
Change
ended
since
July 11
March 28
(In millions of dollars)
+
+
+
+
+

60
19
lt5
2k
i*
ii3
3

-337
+1),),
+321
+ 85
_^38
+53
+176

Changes i n loans c l a s s i f i e d as to purpose showed continued increases
in loans for defense and defense-supporting a c t i v i t i e s t o t a l i n g 3li million
dollars. Loans for non-defense a c t i v i t i e s decreased 61 million.




CHANGES Iti uuiviBtiRClAL AND INDUSTRIAL LOANS OF A SAMPLE OF ESKLY REPORTING MEMBER BANKS
BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, JULY 11, 1951

H. 1 2 ( a )

Business of Borrower
M a n u f a c t u r i n g and m i n i n g :
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
Metals and metal p r o d u c t s ( i n c l u d i n g
machinery and 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
Other m a n u f a c t u r i n g and mining
Tradej
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 l /
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
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
Defense-supporting a c t i v i t i e s •
P l a n t and equipment
All other
Non-defense a c t i v i t i e s •
I n v e n t o r y and working c a p i t a l
P l a n t and equipment
R e t i r e m e n t of non-bank d e b t and
preferred stock
All other (for loans c l a s s i f i e d )
Net change of c l a s s i f i e d l o a n s , l /

All
D i s t r i c t s Boston

-59.7
+19.0

-

+1+5.0
+ 1.5
+21*.1*

+
+

r

6,2

+

-

-

)

+ it.i
-1+3.3
+ 2.8

-

+
+
+

+ 7.5

-21.7

+

-26.6

+

- 6.k

New
York

P h i l a - Cleved e l p h i a land

2 . 9 -1+8,0 - 2 . 9
1+.8 + 8,8 + 1.5
.7
.3
.7
.1
1.0
.5
.3
.9

+25.0 + 1.3
+ 2.9 + . 5
+10.3 + 1.7
+ 3.6
- 3*9
+ 1+.5
-17.3
+ 3.5

.1+ * . 7
.8 - 1 3 . 1
i+.o - 2 3 . 0
- -

+
-

+

——

+ 2.8

+

2.1+ + 6.8

+ 7.1
+ 9.8

, +

-5U.6
- 2.it

+
+

+ 5.0

——

*

.8

- 1.0
.2

1+.1+

-

-26.6

+

+

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.7
.3

+
+
+

7.0
1.2
5.1+

+

—

+
+

.2
1.6

+

——

.3
3.0

+
+

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+
+

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1.1+

-

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+
~

.2
6,2
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1.2

-

-

-

+
-

+

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-

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+

2.0

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+

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+

2.0

+

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+

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-

.6

+

2.2
+

•1

~

+

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el

—

+ 6.5

1.0
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-33.3
- .7

+ 3.0
+ .1

-

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l+.o - 2 3 . 0

+ .1
+ 2.8

+

+

+

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1.6

-

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-

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+

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+
+

2.2

3.2

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•

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+

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.7

+10. ii
1.8

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-

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.2

-

-

1+.3

+
-

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.8
+10.8
+

+

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+

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1.1
.2

1.7

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—

+

2.6
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3.3

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+
+

5.7
+
+

+

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1.7

1.7
1*0
.k

+

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3.6

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.i+

1,7

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1+.3
.3

+

+

+ 1.7

3.8
3.5

-

-

- -

- 5.6

+
+

-

-

.1

S t . Minne- Kans as
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+
uh

.6

.1+

8.6

+

- 1.1

-

+

+

+

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3.2
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.1

-

1+.0 - 2 7 . 0

+17.1+

+
+

+ 1.8

- l+.o — 2,8

-33.0

.2

.1+
.1+
.5

«•

w

Richmond A t l a n t a Chicago

.2

1.6

d
2.2
.3
.3
.1

+
+

.6

.5

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.1
.1

+
+

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r

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3.0

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-

a.

.1
•5

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+ 2.5
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- 8,6
+ 3.6

2*3
5.6

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6.0

- 5.0

4 i.i+

+ 3.2

.1+

+ 1.0
+ 2.9
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3.1+

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——

+

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+ .3
- 5.6

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2.2

—

+ 1+.1
- 2.2
- 1.2

) - 1.1+
1.1 ) + .1+

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6.9
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—

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1.5
l.h

-

2.1

-

1.1+
2.5

+
-

2.7

1.1
5.6

-12.0
-

.7

- .5
- 2.5

- 8.6

per 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

 e
D9nks


.5

* I4.

+

1.0
2.5

,9

+