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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
H*12
(For Immediate R e l e a s e )
September 18, 1951
CHANCES IN COMMERCIAL AMD 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 the 8I4. m i l l i o n d o l l a r i n c r e a s e i n commerc i a l , i n d u s t r i a l , and a g r i c u l t u r a l loans a t weekly r e p o r t i n g member banks
during t h e week ended September 5 were i n c r e a s e s of 1(0 m i l l i o n t o m a n u f a c t u r e r s
of f o o d , l i q u o r , and tobacco p r o d u c t s and 27 m i l l i o n d o l l a r s i n loans t o p u b l i c
utilities.
The i n c r e a s e s i n loans t o m a n u f a c t u r e r s of food p r o d u c t s and t o
commodity d e a l e r s were t h e s i x t h c o n s e c u t i v e weekly i n c r e a s e s f o r b o t h . The
p u b l i c u t i l i t y i n c r e a s e was t h e l a r g e s t s i n c e t h e week ended August 1 . Loans
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 i n c r e a s e d only 6 m i l l i o n d o l l a r s ,
t h e s m a l l e s t weekly i n c r e a s e s i n c e e a r l y J u l y . The i n d u s t r i a l c l a s s i f i c a t i o n
showing t h e l a r g e s t d e c r e a s e during t h e week was 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 l e a t h e r ; i t s loan decrease of 8 m i l l i o n d o l l a r s was t h e e i g h t h
consecutive weekly d e c r e a s e .
Changes i n loans c l a s s i f i e d by type of b u s i n e s s , d u r i n g t h e week and
s i n c e t h e end of March, were as f o l l o w s :
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
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
C o n s t r u c t i o n and o t h e r
T o t a l changes c l a s s i f i e d
Week
Change
ended
since
September 5
March 28
( i n m i l l i o n s of d o l l a r s )
+ ko
- 8
+ 6
+ 12
- 7
+ 13
-180
+ 67
+566
+172
+ 70
-35U
+ 6
+ 27
- 3k
+
+
4
+ 92
+317
2b
+6I48
I n t h e c l a s s i f i c a t i o n as t o purpose, both defense and non-defense
loans showed i n c r e a s e s , $6 and $6 m i l l i o n d o l l a r s r e s p e c t i v e l y . The d e f e n s e
l e a n s were l a r g e l y f o r p l a n t and equipment, and t h e non-defense loans f o r i n ventory and working c a p i t a l .
CHANGES IN COMMERCIAL AND INDUSTRIAL LOANS OF A SAMPLE OF WEEKLY REPORTING MEMBER BANKS
BY INDUSTRY, PURPOSE, AND FEDERAL RESERVE DISTRICT
WEEK ENDED WEDNESDAY, SEPTEMBER 5 , 1 9 5 1
H* 1 2 ( a )
B u s i n e s s o f Borrower
M a n u f a c t u r i n g and minings
F o o d , 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 m i n i n g
Trade»
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 transportation)
Construction
A l l other types of business
Net change o f 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 w e e k l y
reporting series
N e t change i n c o m m e r c i a l , 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
( i n m i l l i o n s of d o l l a r s )
New
Phila- CleveD i s t r i c t s B o s t o n York d e l p h i a land
3an
~
t S t . Minne- Kansas]
RichDallas Francisco
mond A t l a n t a Chicago Louis a p o l i s C i t y
ATI
+10.1
— 8.2
- 1.3
+ 5.8
+ *9 + 2 . 7
+ 1.8 + 1 5 . 3
+18.0
— 6.0
("7-1*)
+12.6
+ 5-8
+27.1
- 8.1
- .8
+I5,k
- .2
- 1.2
*h - 2 . 2
+ 1 . 0 + .h
- l.lt
•U
.1
.1
+ 1.6 — .1
.It - .1
- .2
+ l.lt
+ l.U
+ It. 6
+ 1.8
+
+
6
.8 -- ..21 +llt.
+2.0
.1
- lt.2
3.9
-
.1
+ .8
+ .8
+ l.l
+
.7
-
.U
*
.It
7.2
-
*l
+
.5
+ 1,0
+
.9
-
.1 + 2.0
+
.U
-
.7
+
.9
- .6
+
.2
.7
+10.8
—10. 0 -
+ 3,8
.2
+ .1
- .2
- 2.9
+2U.1 + 1.0
.6
+
+
+12.ii
-
+92.1
- 2.2
+57.1;
-
5.0
-
- 8.1
+ .2
+ 1.6
- 1.0
+8I1.O
- 2.0
- 5.1
+32.5
+ 8.5
-
2.3
-
.It
.2
.k
.3
-1.1
+ .3
+ .5
+ l.lt
.3
.7 - .7 + 2.8
+ .1
+ 1.8
-
+
+
.2
.4
+ 1.8
+ l.lt
+ .2
+ 1.5
- 2.0
+ 2. It - .1
-
.8 -
.2
.6
+ .6
2 . It
+ 1.6
+ lt.5
+22.2
- 1.0
+ U.8
-
1.6
+ 2.It
+ 2 . 5
+
.8
-15.8
+59.0
- 6,0 -
it. 0
+ It.o
+7.0
+23.0
-11.0
- 1.6
- 7.U
-
.3
+ 1.3
-
.5
-
+
—
- *1
+29.8
+ lt.lt
- 1.2
+1,2
+ 3.7
+ .5
+ 1.2
+ .2
+
+23.7
- U.7
- 9.1
+
\7
+ .6
+10.2
- .8
.1+
-
+ 1.2
-
.3
.9
+ .3
+ L.9
+ .2
+ .1
- .1
-
,h
- .2
-
.7
— .6
!- 2.3'
+ .8
+ .1
+ 1.7
+ 2.6'
Net change o f c l a s s i f i e d l o a n s l /
1 7
+1*2. if.
+ 1.1).
— *lt
+ .2
-
+12.it
+92.3
+ 1.6
.1 -
—
—
.U
+ 5.7
- 2.2
+57.It
- 5.0
.5
—
—
+ .1
+ .It
+ 1.5
.1
-2.lt
+1.6
+
+
.2
.7
.2
.5
+ lt.5
- .8
— 3.6
-
.2
— 2.8
+ .2
- 2.1
- 1.0
+ 1.8
+ lt.0
+3.9
- 3.9
+ 7.2
+ .1
+ it.o
+ 1.8
+ It.o
- 3.0
+9.0
+ l.lt
-
.5
-
+ 2.6
+ l.lt
-
+
.2
+18.9
+ 1.1
+ 5.0
— .It
+
.2
-
.3
+
.1
-
.5
Purpose C l a s s i f i c a t i o n
Defense contracts
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 w o r k i n g c a p i t a l
P l a n t and equipment
R e t i r e m e n t o f non-bank d e b t and
preferred stock
A l l other (for loans c l a s s i f i e d )
+ .5
- 3.1
+ .3
.3
+ 1.5
-
.1
+ .8
- l.lt
.5
-
.6
.1 -
+22.2
.2
.2
+ lt.8
+ lt.0
+ It. 0
+ l.lt
.5
- 3.1
+ 2.It
- 2.6
+ 3.3
+ .1
- 1.5
+ .2
+ 2.9
+ l.l
.U
-
+ It. 1
-3.9
+ 7.2
.7
+ 2.5
£ b o u t 2 2 0 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 l o a n s as t o i n d u s t r y and p u r p o s e ; t h e s e banks hold n e a r l y 9 5 per
commercial and i n d u s t r i a l l o a n s of a l l w e e k l y 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 b a n k s .
' cFRASER
e n t of t o t a l
Digitized for
@FedFRASER