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Show The National Enterprise, June 15, 1977 Page fourteen Loan Volume in all Salt Lake Citv Banks by type - Jan-Ma- y W hBBB 1977 Continued from page three $ Million 500 Loan volume on the upswing Unlike depositors, bankers are more of one mind this year, compared to last, and volume is reflecting that attitude. According to figures compiled by the Federal Reserve Bank, consumer loan volume has shown increasing gains this year compared to last year. While, since January, 1977 the total consumer loan volume in Salt Lake City banks has increased steadily, by six percent, from $175 million in January to $186 million in May, last year the figure fell from $152 million in January to $150 in March, then rose to $155 million in April and jumped again to $160 million in May. Commercial loan volume tells a different story, this year. After falling from $399 million in January to $396 million in February, and again to $387 million in March, the figure began rising in April, reaching $408 million, and again in May to a total of $410 million. 450 400 350 300 250 Commercial loan volume seems to closely reflect real estate loan volume, both this year and last year. But, while last year real estate loan volume rose by only 3.8 percent between January and May, this year that figure has gained by 8.9 percent. 200 150 J F M A M 1976 The Fed reported reaching $401 million in real estate loan volume in Salt Lake City during May this year, compared to $368 million in January. Last year January's figure was $311 million, and rose to $323 million in May. (See graph.) real estate consumer m commercial Source: Fed Reserve Bank Construction market volatile While real estate loan volume in Salt Lake City banks illustrates steady growth, a look at authorized construction in the city show s a volatile While construction of single family dwellings has declined steadily in the city since March, in the county it stepped up slightly in April, and fell off during May. (See graphs.) market, influenced heavily by government spending. According to figures compiled by the Salt Lake City building and housing services depart- THE The new machine that offset prints 120 copies per minute or 7,200 per hour while you watch. - Now you can send and receive copies by phone from anywhere in the U.S. Xerox-Telecopi- es Let us reduce your bulky computer people-siz- e (8V2 x 1 1 ). o 521-000- POSTAL INSTANT PRESS 0 to print-out- s 532-32- 32 2 Downtown Locations: 2nd South & Main ZCMI Center Mention this ad and get a free telephone message pad. Authorized new single family dwellings 1977 Salt Lake City -- ment, authorized construction during May reached a total of $16.3 million dollars, $6 million of which went toward an airport terminal being paid for by the city. May's figure is the highest since February, when a permit was granted to the county to construct the $10 million performing arts center and the total construction figure reached $17.5 million. 20 During this same period last year, construction activity was sluggish and totals were low. (See graph.) 400 May's $16,363,826 authorized construction figure reflects, in addition to the airport terminal, a $2.2 million parking garage at LDS hospital and $3.4 million of shops and warehouses. Of the shops and warehouses, the largest cost $1.1 million. It also reflects $2.68 million in new residential construction. 15 10 5 0 Authorized new single family dwellings 1977 Salt Lake County -- 500 300 200 100 F the county reported 90. A M Total Authorized Construction Lake City Jan-Ma- y SMillion 20 15 10 5 1 J While the city reported four new single family dwellings were built during May, the county reported 373 homes were built that month. In addition, the city reported six new duplex units were built in May; M F M A M 1977BBBB V J |
