The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate R e l e a s e ) June 18, 1951 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE The l a r g e s t changes during t h e week ended June 6 were a c o n t i n u e d d e c r e a s e i n l o a n s t o commodity d e a l e r s of U9 m i l l i o n d o l l a r s and an i n c r e a s e i n l o a n s t o m a n u f a c t u r e r s of m e t a l s and m e t a l p r o d u c t s of 27 m i l l i o n . These d a t a on changes i n commercial l o a n s a r e being c o l l e c t e d by over 200 of t h e l a r g e s t member banks a t t h e r e q u e s t of t h e V o l u n t a r y C r e d i t R e s t r a i n t Committee. The c u m u l a t i v e d e c r e a s e i n l o a n s t o commodity d e a l e r s and t o p r o c e s s o r s of a g r i c u l t u r a l p r o d u c t s amounted t o n e a r l y 570 m i l l i o n d o l l a r s during t h e p a s t t e n weeks. Loans t o t h e w h o l e s a l e and r e t a i l t r a d e a f t e r i n c r e a s i n g 106 m i l l i o n d o l l a r s i n t h e f i r s t seven weeks of t h i s s e r i e s , have now d e c l i n e d 5L m i l l i o n d o l l a r s i n t h e most r e c e n t t h r e e weeks* I n d u s t r i e s r e s p o n s i b l e f o r changes i n l o a n s of over 10 m i l l i o n d o l l a r s during t h e week or f o r c u m u l a t i v e changes of over 60 m i l l i o n d o l l a r s s i n c e t h e s e r i e s was s t a r t e d a r e shown below; B u s i n e s s of borrower Week ended June 6 Cumulative change f o r 10 weeks ( i n m i l l i o n s of d o l l a r s ) 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 M e t a l s and m e t a l p r o d u c t s "Other" m a n u f a c t u r i n g and mining Trade—wholesale and r e t a i l Commodity d e a l e r s S a l e s f i n a n c e companies P u b l i c u t i l i t i e s and t r a n s p o r t a t i o n - lL + 27 +20 - 17 - h9 - L - 2 -217 +132 +31 +52 -352 + 61 +99 Defense and d e f e n s e - s u p p o r t i n g l o a n s i n c r e a s e d 60 m i l l i o n d o l l a r s during t h e week, of which 32 m i l l i o n was f o r p l a n t and equipment i n d e f e n s e supporting a c t i v i t i e s . Loans t o n o n - d e f e n s e a c t i v i t i e s d e c r e a s e d 90 m i l l i o n dollars. CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT WEEK ENDED WEDNESDAY, JUNE 6 , 1951 (In m i l l i o n s of d o l l a r s ) Bus iness of Borrower M a n u f a c t u r i n g and mining t 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 M e t a l s 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 Tradej Wholesale Retai1 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 l o a n s All Boston Districts New York 5.2 2.it -13.2 + 6.2 + + ,9 .6 + it.6 + .3 l.it .8 1.2 + 3.6 — + + +12.6 + 5.8 .3 .1 +10.1 - .1 + 1.6 ( (- 3 . 6 - + 7.8 - 8.1 + + + .5 2.2 .9 it.7 .3 .3 .8 + - 1.7 1.2 1.2 .1 l.it - 6.2 - 1.7 -19.7 -13.5 + 2.2 + .8 + 1.8 -31.1 - It.8 -27.1 + 9.6 .1 .7 .8 - 1.5 + .It + .5 - 1.9 +12.6 -21*. 9 - .2 -15.9 - 1.6 -56.0 - 5.0 -lt3.o + +20.5 + 2.2 + 2.7 +31.8 + 7.5 - .1 1.2 + 8.1 + 2.1 -76.9 + .7 - 7.2 .9 -it 0 . 7 + 3.8 .1 .1 - .2 - 2.9 -27.1 -13,6 + 8.1 +26.8 + .3 +19.9 / Q -16*8 -1*8.9 - It. 2 - 2 , k - + + - + - + - San R i c h - A t l a n t a Chicago S t , Minne- Kansas | D a l l a s Francisco mond Louis a p o l i s C i t y | P h i l a - Cleved e l p h i a land - 1.7 .7 - .1 •6 - — - .6 .5 -- - 9.6 + 3.6 - .2 - it. 8 +11.0 + .It + 1.6 + + + .3 .5 + + + + 1.8 .it it.7 6.0 .2 2.1 5.6 - 2.3 - .9 - 2.7 - 1.9 - .1 - .it + .It •2 .5 ..2 7.0 + 8.0 -lit. o .9 + It.8 + .2 1.1 - .1 + 2.7 + .1 - 1.0 + - 3.7 .1 - 2.8 + 5.7 + 1.5 -11.7 - - - + — - + 5.3 - + .it - .8 -12.6 - 2.9 +13.6 •* 2 . 6 - 2.7 - it.l 8.0 +10.0 - 6.0 - + l.it + .7 + .2 + + 1.7 2.3 + 8.it + .9 * .1 .2 it.O .5 * + .7 9.6 + 2.1 +12.6 - - - - l.it 3.3 + + — + + - 5.6 - - - .2 .1 - - + - -12.6 - - - 1.0 .5 + + .It .1 1.9 2.1 .2 .5 2.8 + + .1 .1 2.9 .8 .1 .it .It .1 .1 .6 1.5 .1 .2 .8 - .1 .1 .1 + - - + - + - + + - + - - - 2.2 4- • 3 +H1.8 + .3 4- 1 . 3 -9 4- . 2 - 6.2 + .3 + 1.9 - •1 .6) - - - - 2.2 2.6 .1 •7 ) ii.6 4- 1*2 * ,6 4- 1 . 6 — - .6 - U 2.6 - 5.8 - k m - l.it - 3.2 - it.O - 9,0 — mm - k (- 1.0 (+ 5. It - 6.2 - .6 - 3.5 + 2.6 -11.0 6 - 3.2 - . h +lit.2 - 5.0 +11.0 4- 2.5 + 5.1 — +12.7 + .1 -ll.U 4- 1 . 7 - 3.1t - 5.8 + .9 —12,8 - 3.2 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 j P l a n t and equipment All other Non-defense a c t i v i t i e s j I n v e n t o r y and working c a p i t a l P l a n t and equipmentR e t i r e m e n t of non-bank debt and preferred stock A l l o t h e r ( f o r loans c l a s s i f i e d ) change of c l a s s i f i e d loans Digitized for Net FRASER + 3.7 -17.3 -30.0 + - - + - It.8 + + - .3 .2 + - - + + + - .2 .3 2.9 —- - 1.0 +13.6 .it .2 4- .5 — 4- e l 3.0 .1 - + 5.0 .7 —— 4- - 2.6 4- 2.5 .1 - !u7 - It.6 - - - . h *1 2.6
@FedFRASER