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Show UTAH BANKS PROFIT FROM ,' LIBERTY LOANS Statistics 6how Increased Savings and Commercial Deposits Increase In Resources After Second Issue Was $4,000,000. ' " Each of the two liberty loan bond Issues of 3917 were followed by increased in-creased savings and commercial deposits de-posits in the banks of Utah and by Increased total resources of the banks themselves, aa shown by the figures of the state bank commissioner In his j annual report which is now being completed. Instead of taking money away and decreasing bank deposits- the Liberty loan campains have had the directly opposite effect of increasing bank deposits, the figures show, indicating that a most healthy state of finances exihts throughout the state of Utah. In fact the liberty loan drives aid' prosperity, it is declared, and they stimulate saving among the people i that is strikingly evidenced by the Increase In-crease in savings deposits in the banks which have followed each ot the Liberty loan drives in this state. Savings Increased " Savings deposits in the banks of the - Btnte lumped nearly fl.000,000 after the first Uberty loan call In June and after the, second In September they increased correspondingly. Commercial Commer-cial deposits increased at a healthy ratio also. The total savings deposits In the banks of Utah at the end of the first quarter of 1917 and just before the first Liberty loan call amounted to $29,011,33.20, as shown by the quarterly quar-terly report of the Btate bank commis-'sioner commis-'sioner for that period. The report . issued immediately after the first Liberty Lib-erty loan drive showed the total savings sav-ings deposits to be f 29,95594.73. The report issued immediately after the second loan, in September shows the total savings deposits to be $30,006,6 14.35. Resources Enlarged Commercial deposits in the banks of the state before the first Liberty loan were $25,481 J148.03 and after the first loan they were increased to $26,403.-474.62. $26,403.-474.62. Following the second Liberty loan the commercial deposits Jumped to $30,247,050.25, or an increase of nearly H.ooo.oov in the third quarter of the year. This is considered a remarkable re-markable increase in commercial deposits. de-posits. Total resources of the banks of the state privr to the first Liberty loan were $75,709,064.70 and following this loan they jumped to $78,553149,53. |