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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM H.12 (For Immediate Release) November 20, 1951 CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE The previously reported increase of $96 million in commercial, indust r i a l , and a g r i c u l t u r a l loans during the week ended November 7 included the second l a r g e s t weekly increase in loans to processors of food, l i q u o r , and tobacco products since they s t a r t e d to increase a t the end of July. Increases were also reported in loans to commodity d e a l e r s , t o manufacturers of petroleum, coal, chemicals, and rubber products and of metals and metal products. These increases were p a r t i a l l y o f f s e t by repayments of loans by manufacturers of t e x t i l e s , apparel, and l e a t h e r , and by sales finance companies. The increase of $71 million in loans to food processors was l a r g e l y in the New York and Chicago d i s t r i c t s . The $16 million increase in the p e t r o leum category was l a r g e l y in the New York D i s t r i c t and the $15 million increase i n metals and metal products was l a r g e l y in the Chicago D i s t r i c t . The Cleveland D i s t r i c t reported a $10 million increase in the "other" manufacturing and mining category, and Changes i n loans c l a s s i f i e d by type of business, during the week/since mid-year, were as f o l l o w s : Business of Borrower Manufacturing and mining: Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Metals and metal products Petroleum and other Trade — wholesale and r e t a i l Commodity d e a l e r s Sales finance companies Public u t i l i t i e s and t r a n s p o r t a t i o n Construction and other C l a s s i f i e d changes Unclassified changes Net changes i n commercial, indust r i a l , and a g r i c u l t u r a l loans "Week . ended Since November 7 June 27 (In millions of d o l l a r s ) + 71 + 15 + 27 + 6 + 33 - 13 + 1 - 13 +HU - 18 +592 -231 +552 +171 + I46 +127 -117 +319 - 80 +1,679 -232 + 96 +l,Ui7 - lh In the c l a s s i f i c a t i o n as to purpose shown i n the attached t a b l e , defense and defense-supporting loans increased #35 million, of which $25 million was f o r plant and equipment, and non-defense loans increased $79 million. H.12(a) CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT, WEEK ENDED WEDNESDAY, NOVEMBER 7, 1951 ( i n millions of d o l l a r s ) A l l New P h i l a - Cleve- RichS t . Minne- Kansas f San Business of Borrower D i s t r i c t s Boston York d e l p h i a land mond Atlanta Chicago Louis a p o l i s C i t y 1 ^ 1 l a s F r a n c i s c o Manufacturing and mining; Food, l i q u o r , and tobacco T e x t i l e s , apparel, and l e a t h e r Metals and metal products (including machinery & t r a n s p o r t a t i o n equipment) Petroleum, c o a l , chemicals, and rubber Other manufacturing and mining Trade; Wholesale Retail Commodity d e a l e r s Sales finance 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 All o t h e r types of business Net change of c l a s s i f i e d l o a n s V ' To balance w i t h net change i n weekly reporting s e r i e s 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 $ Plant and equipment A11 other Non-defense a c t i v i t i e s j Inventory and working c a p i t a l Plant and equipment Retirement of non-bank debt and p r e f e r r e d stock All other ( f o r 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 V . ' j -~ en 0 Digitized for , ^FRASER t o t a l commercial +70.7 -ill. 2 +15.3 +16.2 +10.U + 1.7 - 1.5 +25.0 - 8.3 - - 2.2 +13.7 - 3.2 .3 + «it - .7 + 1.0 + 1,6 + a + 2.9 - 2.7 • » xm + 1.3 + el + 2 — + 6.k + «2 +10.0 — + .3 + 8.6 +16.7 -16.7 + Jul + .8 - 8.0 +30.8 + .5 - .3 + 3.2 -17.9 + 2.0 -22.8 - 1.2 — +96* 0 + 2.0 + 8.0 + 2.0 + 9.0 + 1.6 - - 6.2 - .8 —— +12.8 —- + it«2 (E+ 6.3 ° ° )I +33.U -12,7 + 1.3 - It. 2 - 8c 6 +1,13.9 - — - + +25.3 + 7.8 +105.3 - 2.5 + + - 2.7 -20.9 - +113.9 2,h a .1 .3 .6 — mm •8 +33.8 + l.it - a + 1.9 - .3 - .1 +30.8 .it mm mm - - 2,8 + - *2 + - *2 - li.l + - .9 + - .it - l.it + + 9.0 + - a + .3 .9 + l.l + .it —— - .7 .7 ,2 1.6 .2 .it 1.3 3.6 + l.l .6 + + + + + .3 .3 1.3 .7 a .it 3.1 2.it +21.6 - .5 + 5.9 - 1.3 +12.5 + + 2*5 - .2 .5 .2 + 1.0 - .9 + it.6 - 1.8 - .5 - .9 + 3.3 - .3 - 1.5 + ,2 - #2 - 1*1 + .8 +3Wt + 9a + 1.7 - a + - .5 .1 + .9 - .2 + 8.2 + - ,3 .5 .2 + - .3 .7 .1 - - 3.0 - .3 + 5.2 - .it + a + 1.0 + 3.2 + .7 - l.it + 1.9 - .7 + .1 -1.1 - 1.9 - 2.5 (, ( + + + + + + .5 + 1.2 —— .it .3 .5 .2 — + .1 7) * ) - it.8 1.9 + 7.3 2.2 + 3.5 .it - 2.1 *6 • it + l.l 1.6 +lit.8 5.9 - it.it - 5»it - 2 . 1 - .2 + 7.5 - 2.9 +12.2 + 3.0 — 2.0 +29.0 + 7.0 + 3.0 + 5.0 + 3.0 +27.0 + 2.3 - .it - .2 + 7.3 + 1.6 - .2 + .3 - - 1.5 + .6 + 1.7 +10.6 + 1,2 + a a + + .8 .7 + 2.0 - .3 - + a + 1.5 - .3 + 1.5 + .2 - 1.1 - 2.7 + 2.7 + .2 + 2.8 + .5 +27.6 - .7 + 8.it - .2 - 1.3 + 1.1 - 2.2 - + 9.0 + 3.6 + 2,it - 1.5 +3it.it - 3.3 -11.9 + .2 - —— + 3.2 .5 — .2 + 9.1 .5 - 2,it — - 1.6 - .2 - el — - 2.2 - .1 + 3.2 - 2.5 +5.9 + 3.3 + 6.0 + .it +21.6 - 1.5 - 1.8 +11.8 cxi o 1 omvi unan^ys i n t n e i r larger loans as bo i n d u s t r y ana purpose; unu se d amcs noia n e a r l y and i n d u s t r i a l loans of a l l w e e k l y r e p o r t i n g member banks and about 75 P e r c e n t of t h o s e of a l l commercial banks*
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