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Show 4mondav, Fed funds cause for loan drop TIME TO GET SERIOUS ABOUT YOUR PARK CITY PROPERTY MANAGEMENT Total bank loans outstanding in all Salt Lake banks fell over the latest two week period, from Arpil 5 to the 19th, to $1567 million from $1590 million, or about 1.4 percent, according to the Federal Reserve Bank at San Francisco. The component primarily responsible fof the two Weve been in the ski and vacation business 10 years and we think we've learned some important lessons: 1. We market your property on a year-roun- d basis. 2. We inspect your unit every day its occupied. 3. We give frequent and detailed activity reports. 4. We find markets. week decline was federal funds, which dropped to $90 million from $144 million, or off 37.5 percent. Despite the recent decline, however, total loans outstanding grew over 30 percent from the same date last year, when the total came to $1202 million. We will not promise the sky, for the sky has sometimes failed to snow. But we will promise to make certain your Park City property is managed to your primary advantage. PHRK CITY C0RD0fMRT PO. Box 393 The largest two week gain registered came from PofhCiry Urah 54060 r University Staffed AMS Certified PRE-SCHOO- Ages 2 'A 32.7 percent higher than the same period last year, when the total weighed in at $394 million. Consumer loans were virtually unchanged, gaining only $1 million to finish the week of April 19 at $251 million. Consumer loans were, however, 39.4 percent above the year ago total, which was $180 million. Earnings and Expense Projections $ 15.0 Million Revenues NOWREGISTERING FOR FALL 78 BRIGHTON MONTESSORI commercial loans, which gained 3.8 percent, from $498 million to $517 million. Commercial loans also gained significantly on a year to year basis, from $401 million, or 28.9 percent. Real estate loans outstanding also racked up gains over the two week period, up 2.3 percent, from $511 million to $523 million. Real estate loans also showed up L to Kindergarten Curriculum MUSIC ARTS MATH PHONETICS SENSORIAL GEOGRAPHY I ours arranged Register Now! PRACTICAL LIFE FOREIGN LANGUAGE SCIENCE 1983 No obligation I Officials imited Enrollment 2887 E. 70th South Salt Lake City, Utah 84121 REGISTRATION BEFORE JULY 1ST We Dont Just Show Your House. We Show It Off. We're the Neighborhood Professionals:'' Phone: School: Hence- - 942-437- 942-228- 9 Bountiful Grimshaw, Inc. Realtors South 500 West Bountiful, Utah 501 292-448- 8 Holladay Boone Newson, Inc. 4359 Highland Dr. 272-444- 5 McAffee Realtors 2272 E. 4800 So. 277-261- 3 Rampart Realty 6274 Highland Drive 272-821- 1 Midvale lauritzen & Associates 47 East 7200 So. 566-328- 1 Wightman & Clark 2594 East 7800 So. 942-210- 0 Salt Lake City Realtors 2056 East 3300 So. A & B 487-988- 3 Dan Lawler, Inc. 2711 South State St. 355-212- 1 Lauritzen & Associates 2301 East 2100 South 487-210- 0 W.M. Real Estate Assoc. East 3900 South 715 Airport 8 GET 1977 RATES project a cool y Briscoe said he had followed the airport revenue bond issue closely and said I dont think theyve done to get this passed. What they need are editorials from the Tribune and Deseret News as well as KSL and endorsements from private groups, like the Downtown Merchants Association. Briscoe also felt proponents should have attempted to educate the public on the true nature of revenue bonds. I think its too late for that now, he said. disagrees Barker disagreed. If he had been following it he would have seen what has been done. We have had editorials in the Tribune and Deseret News and we have more endorsements then we know what to do with. Thats not our problem. We have no opposition, so its hard to get anyone worked up over the election and thats the problem. $25,000 for campaign 268-688- 3 Sandy Dan Lawler, Inc. 8801 South 700 East 566-326- 6 West Valley Allen Realty 7800 So. 1700 West 566-240- 3 McAffee Realtors 4772 So. Redwood Rd. 966-622- 1 operating surplus Continued from page wont pass. He 20 Barker is not resting on past services either. For the If historical trends are any guide, backers of the revenue bond have no reason to worry. According to Dick Christensen, executive vice president at Burrows Smith & Co., the major underwriter of municipal bonds in Utah, and the company which will put the airport package together if passed, said about 90 percent to 95 percent of the bond proposals that go to the polls pass in Utah. I Christensen says, dont see any problem with this proposal passing voter approval. The kind of bonds which might meet resistance in Utah are usually school bonds, and then only if a closing or relocation of a school is in- volved. Sees no problem Christensen did admit that this time was the first time, that he knew of, that a revenue bond has to pass the electoral test, but he didnt see that as a problem. There are many revenue bonds issued by, or backed by, governmental units in Utah. I think its pretty much accepted in the state. next two weeks, we have a budget of about $25,000 which will be used to pay for media Nevertheless, some sources say there could be a problem. They point to Jen- advertising, on radio, newspapers, and billboards, and to help fund a telephone campaign on the day before and the day of the election. The funds paying for the Barkers relations assistance public comes from a private group called the Committee for a Greater Salt Lake International Airport. nings Philips recent comments regarding revenue bonds, which were not exactly fav- a orable, when the latest occurred over the revenue bond for the hotel contention center at Research Park. Philips was not available for commert. bru-hah- continued on page i 3 |