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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
He 12
(For Immediate Release)
October 30, 1951
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS, BY INDUSTRY AND PURPOSE
Borrowings in p r a c t i c a l l y a l l business c l a s s i f i c a t i o n s accounted f o r
the increase of $175 million in commercial, i n d u s t r i a l , and agricultural loans
at weekly reporting member banks during the week ended October 17, according
to a smaller sample of banks that report t h i s additional breakHoin at the r e quest of the National Voluntary Credit Restraint Committee.
The principal increases were $6L million to manufacturers of food,
liquor, and tobacco products, $5U million to commodity dealers, and $33 million
to public u t i l i t i e s (including transportation), A decrease of $36 million was
reported in loans to manufacturers of t e x t i l e s , apparel, and leather.
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 when the sample of the largest banks began reporting
these data, were as follows:
Business of Borrower
Manufacturing and mining t
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
October 17
March 28
(in millions of dollars)
+ 6U
- 36
+ 13
+ 25
+ lb
+ 5it
+ 2it
+ 33
+10
+201
+203
- 25
+800
+239
+102
-1^2
+11
+14+9
- 12
+1,625
In the c l a s s i f i c a t i o n as to purpose, shown in the attached table,
loans for defense and defense-supporting a c t i v i t i e s increased $38 million, of
which $18 million was f o r plant and equipment. Non-defense loans increased
$163 million; these include loans to processors and distributors of food
products, to sales finance companies, and to a portion of the other business
classifications.
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER
BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT ,
WEEK ENDED WEDNESDAY, OCTOBER 17, 1951
( I n m i l l i o n s of d o l l a r s )
All
I New P h i l a - Cleve- RichBusiness of Borrower
D i s t r i c t s Bostonj Y o r k d e l p h i a land
mond A t l a n t a Chicago
Manufacturing and m i n i n g j
+ 1.2
Food, l i q u o r , and tobacco
+63,6
+ 2 . 3 +38.2 + 1 . 0 + 2 . 5 + 1 . 0
+ it.9
T e x t i l e s , a p p a r e l , and l e a t h e r
- 8.It
.it
- 3 . 5 - 1 1 . 9 - 2 , 6 - 1 . 9 - .it
-35.7
Metals and metal products ( i n c l u d i n g
+ .2
+ 1.5 - 2 . 0 + 3.6 + 1.6 - 1.0
machinery & t r a n s p o r t a t i o n equipment)
+13.U
+ 3.9
——
+ 2.1
+10.1
Petroleum, c o a l , chemicals, and r u b b e r
+ ,2 + 6,5 - .3 + .3 + . 5
+ .6
+ 1.8
+ 1.0 + 2.1 + . 1 + 6.0 + .2
Other manufacturing and mining
+lit.it
Tradet
+ 2.2
.2
+ 1.1
Wholesale
+ 1 . 9 + 3 . 5 + .it + . 7
{ , 1 I A)
^+14.Oj
+ 1.1
+ .6
Retail
- l . l + 5.7 - . 2 + k . k - *2
+
2.6
+
.
6
—
+26,2
+
.
8
Commodity d e a l e r s
+
.U
.
8
+53.5
6
.2
S a l e s f i n a n c e companies
- 1 . 6 +28.2 + it. 3 + 3 . 8
+2 It.ii
- .7
+ .1
+ 2 . 1 +28.0 + . 1 + . 9
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 )
+ 3.1
+33.0
—
Construction
- . 2 + 2 . 3 + .it + . 3 + . 2
- 2.5
- .5
2.0
+
.
1
A l l o t h e r t y p e s of b u s i n e s s
+12.6
+lit.2
- 1.8
+ .5
- . 7 - it.2
Net change of c l a s s i f i e d l o a n s ! /
+200.8
+ 1 . 9 +122.6 + 7.7 +33. it + 1 , 0
- .1
+ U.8
To b a l a n c e w i t h net change i n weekly
+ .1
reporting series
—
- It. 8
- 1 . 9 - 2 8 . 6 + 1.3 - l.it
-25.8
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
—
+175.0
-+9L.0 + 9 . 0 +32.0 + 1 . 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
+ 2.9
+ 8.1
+ 2 . 1 - 3 . 5 + 2.1 + 1.5
Defense-supporting a c t i v i t i e s •
——
P l a n t and equipment
- .1
+ 1.9
+ .it +15.0 + . 2 + 1 . 7
+18. U
+ .1
+
.
1
+
2.1*
All other
+11.0
- . 2 + 7.2
- 1.1
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
- 1.2
•lit 0,0
- 3.6
- 1.3 +103.7 + 5.2 +lit.3 + 1 . 7
+ 2.1
P l a n t and equipment
+ 2.1 + 6 . 7
——
- +10.7
——
+ .it
Retirement of non-bank d e b t and
-- -—*
preferred stock
+ .9
- .3 - .5
+
.
8
+
l.it
- . 9 - 6 . 0 + . 1 +13.5 + .it
A l l o t h e r ( f o r loans c l a s s i f i e d )
+11.7
Net change of c l a s s i f i e d l o a n s i /
+ U.8
- .1
+ 1 . 9 +122.6 + 7 . 7 +33. b + 1 . 0
+200,8
E,12(a)
"
BANKS
s t ; Minne- Kansas
San
Louis a p o l i s C i t y Dallas F r a n c i s c o
+ it. 7
- 1.6
— 1.6
- .7
+ 2.0
- .7
+ 1.7
- 1.1
+ 5.7
- 2.5
- l.l
+ 1.3
+ .8
+ .2
+
.it
+
.2
+
-
.3
.3
.2
+ it. 7
+ .3
+ 2,6
q)
*9 )
8.it
1.2
2.3
.7
.7
6.8
——
-
.2
- .2 - .3
+ .8 - .9
+10.2 + it.2
+ .8 - . 5
- .2
—
+ . 1 - .it
+ 2.1
-—
+15. It + 2 . 1
- 1.8
- .6
+ 1.6
.2
.7
.6
.8
+
+
+
+
- l.it
- 3.1
+ it. 2
+
.2
+ 9.6
+1I.0
- 1.0
+ 5.0
+ 7.0
+lit.O
-
+
+
.9
-
.2
+ 2.7
-
.1
—w
- .3
+ 2,6
- l.l
+ .2
+ 6.3
- .7
- 2,it
+ .2
+ 1.9
- .5
+ 6.8
- »2
+ 1# 8
.5
.It
.1
—
+
.2
+15. it
+
+
--
——
+I6.it
- .3
—
+ 2.0
-—
—
+ 2.1
- -
+
+
.9
.8
(
+
+
+
.6
l.it
.7
it. 9
l.it
3.3
3.1
it.it
+ h* h
l / 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 to i n d u s t r y and purpose5 t h e s e banks hold n e a r l y 95 P e r
~~ forcent
of t o t a l commercial and i n d u s t r i a l l o a n s of 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 b a n k s .
Digitized
FRASER
@FedFRASER