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H.12

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SY6TEM
(For Immediate Release)
November 27, 1951
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE

The p r i n c i p a l f a c t o r s i n t h e p r e v i o u s l y r e p o r t e d $181 m i l l i o n i n c r e a s e
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 a t weekly r e p o r t i n g member
banks during t h e week ended November lii were i n c r e a s e s of ^52 m i l l i o n t o commodity d e a l e r s , $50 m i l l i o n To s a l e s f i n a n c e companies, $1*2 m i l l i o n t o manufact u r e r s of m e t a l s and metal p r o d u c t s , and $37 m i l l i o n t o t h e wholesale and r e t a i l
t r a d e . These were p a r t i a l l y o f f s e t by d e c r e a s e s of $33 m i l l i o n i n l o a n s t o
p u b l i c u t i l i t i e s and $19 m i l l i o n t o m a n u f a c t u r e r s of t e x t i l e s , a p p a r e l , and
leather.
The i n c r e a s e s i n l o a n s t o commodity d e a l e r s were l a r g e l y i n t h e San
F r a n c i s c o , New York, D a l l a s , and S t . Louis d i s t r i c t s . The s a l e s f i n a n c e comp a n i e s ' i n c r e a s e was t h e l a r g e s t weekly change in t h i s b u s i n e s s c a t e g o r y s i n c e
a sample of t h e l a r g e s t banks began r e p o r t i n g t h e s e data i n l a t e March a t t h e
r e q u e s t of t h e N a t i o n a l Voluntary C r e d i t R e s t r a i n t Committee. The 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 metal p r o d u c t s was i t s l a r g e s t weekly
i n c r e a s e i n over a month. Trade l o a n s showed t h e l a r g e s t change i n n e a r l y
t h r e e months; about t w o - t h i r d s of t h i s i n c r e a s e was to r e t a i l e r s . Loans to
p u b l i c u t i l i t i e s showed t h e l a r g e s t weekly d e c r e a s e i n t h i s b u s i n e s s c l a s s i f i c a t i o n s i n c e t h e s e r i e s was s t a r t e d .
Changes i n l o a n s c l a s s i f i e d by t y p e of b u s i n e s s , during t h e week and
s i n c e m i d - y e a r , were a s f o l l o w s i

Business of Borrower
'
Manufacturing and m i n i n g :
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
Petroleum and o t h e r
Trade — w h o l e s a l e and r e t a i l
Commodity d e a l e r s
Sales 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
C o n s t r u c t i o n and o t h e r
C l a s s i f i e d changes
U n c l a s s i f i e d changes
Net changes i n commercial, indust r i a l , and a g r i c u l t u r a l l o a n s

Week
ended
Since
November ill
June 27
(In m i l l i o n s of d o l l a r s )
+26
- 19
+ U2
+ 25
+37
+ 52
+50
- 33
+ 6
+186
~ 5

+618
-250
+59U
+195
+ 81*
+^79
- 67
+287
- 7u
+1,865
-237

+181

+1,628

Changes i n l o a n s c l a s s i f i e d as t o purpose showed an i n c r e a s e of only
$11 m i l l i o n f o r d e f e n s e and d e f e n s e - s u p p o r t i n g a c t i v i t i e s and a $175 m i l l i o n
increase in non-defense loans.



CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING M M E BANKS
E BR
BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT,
WEEK ENDED WEDNESDAY, NOVEMBER 111, 1951
(In m i l l i o n s of d o l l a r s )
New
All
P h i l a - Cleve- RichS t . Minne- Kansas
San
Business of Borrower
D i s t r i c t s Boston York d e l p h i a land
mond A t l a n t a Chicago Louis a p o l i s C i t y D a l l a s Francis co
Manufacturing and minings
Food, l i q u o r , and t o b a c c o
——
+ . 1 +13.6 + 1.2
+25.6
+ .2
+ 3*6 + 3.1* + 2 . 0 + . 6
+ 3.8
- 2*6
- .3
T e x t i l e s , a p p a r e l , and l e a t h e r
-18.5
- 3.1* - 7.1+ - 1 . 3 - 1.2
.1*
+ .7
- 2 . 7 - 1.1* - .1* - . 1
- .1* - . 5
Metals and m e t a l products ( 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)
+1*2.0
+ 1 . 8 +21.1 - .1* + 6 . 1 + . 1
+ .6
+ 8.9 + 1.0 + 1.5 - .2
+ 1.5
Petroleum, c o a l , c h e m i c a l s , and rubber
——
+ .1* + . 6
+ 6.5
- .1* + . 1
- .1
+ 2.5 - .1 + 1.9 - .7
+ .1*
+ 1.9
Other m a n u f a c t u r i n g and mining
——
+18.1
+ 5 . 0 - 1 . 7 + 1*.5 + . 3
+ .2
+ 1.6 + . 1 + . 1 - .3
+ 2.2
+ 6.1
Trade;
Wholesale
+ . 5 + 5.3 - . 1 + . 9 - . 3
+ .1*
+ 3.1* + 2 , 0 - 1 . 0 - . 2 (
' ) + .9
C 7 7 n)
(+7 /• v j
Retail
- 1.2 + 8 . 8 + 3 . 9 + 3 . 0 + . 6
- .1*
+ 7.7 + . 2 + 1.0 + 1.1 c
- 7 ) + 1.2
Commodity d e a l e r s
+ 52.2
+ 1 . 8 +12.8 + 2 . 0 + . 1 - . 1
+ 1.7
+ 3.8 + 7.0 + . 7 + 1.1
+13.8
+ 7.5
S a l e s f i n a n c e companies
+ li.2 +10.8 + 2 . 6 + 9 . 6 + l.l*
+1*9.5
+ 2.2
+ i.i*
+ 9 . 7 - 1*0 + 1 . 8 + . 8
+ 6.0
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 )
+ 2 . 0 + .1* + 1 . 0 - . 1
-32.7
- 1.5 -31.1 - . 1 - 2.3 - .1
- .1
- .1
- .7
Construction
+ .1
- 2.0
+ . 1 + 1.1* - . 1
- 2.1
+ 1.2
.1*
- . 5 - .1* - 1 . 0
- .3
A l l o t h e r t y p e s of b u s i n e s s
+ 8.2
- . 1 + 8 . 2 + . 3 + 1.8 - 1 . 3
+ .2 - . 9 + . 1 + . 1
+ 1.5
- 2.2
+ .5
Net change of c l a s s i f i e d l o a n s V '
+ 2 . 7 +1*7.7 + 6 . 5 +23.5 + .1*
+185.9
+1*0.2 +10.3 + 7 . 7 + 1 . 7
+ 1**3
+13.1
+27.8
To b a l a n c e w i t h n e t change i n weekly
reporting series
+ 2 . 5 - 3 . 7 + 1 . 5 - , 5 - 2.1*
- 1*.9
- 1*.2 - . 3
+ .2
+ 2.9
- .3
.7 + .3
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
+181.0
+ 5 . 0 +1*1*. 0 + 8 . 0 +23.0 - 2 . 0
+ l*.o
+36.0 +10.0 + 7 . 0 + 2 . 0
+16.0
+28.0
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
+ . 6 +11*.1* + . 6 + 1 . 9 - . 8
+26.3
+ I*.2 + . 9 + l . l - . 1
+ .5
+1.6
+ 1.1*
Defense-supporting a c t i v i t i e s •
P l a n t and equipment
——
+ .8 -16.8
-13.lt
+ 2.9
- .2
+ 1.5 + .5
- .8
- 1.3
All other
- 1.6
- . 1 - 2 . 9 - 1.1 + 1.0
+ .7 - .1 + l . l + .3
+ .8
- 1.3
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
+ 1.1* +52.1 + 6 . 9 +16.5
+163.1
.2
+ 3.3
+33.1* + 8 . 0 + 5 . 5 + l.l*
+26.2
+ 8.9
P l a n t and equipment
—
—
——
+ 1.2
- 1.3
+ 1.9 + . 1
- 2. It + .1
- 1*.3
+ 1.6
+ .5
Retirement of non-bank debt and
preferred stock
- 1.0
+ .6
- .2
.6
A l l o t h e r ( f o r loans c l a s s i f i e d )
+ .8
+ 6 . 2 + . 1 + 3 . 6 + 1.3
+ 2.0
.1*
- • +
+13.1
,
- 1.5 + .9
- .7
+1*0.2 +10.3 + 7 . 7 + 1 . 7
*
Net change of c l a s s i f i e d l o a n s l /
+27.8
+13.1
+ 2 , 7 +1*7.7 + 6 . 5 +23.5 + «1* + lt.3
+185.9
l / About 220 w e e k l y r e p o r t i n g member banks are 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 to 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
cent of
 t o t a l commercial and i n d u s t r i a l l o a n s o f a l l weekly r e p o r t i n g member banks and about 75 per cent of t h o s e of a l l commercial banks.
H. 1 2 ( a )



mm mm

mm mm

•

*.