Salt Lake Herald-Republican | 1915-04-14 | Page 8 | State Banks Go it Alone

STATE BANKS GO IT ALONE None In lii This State II lies JI Yet t Invested Invented In Reserve Stock Mock Not ot a a. state bank hank in Utah has applied for purchase of stock sok in federal reserve banks as oS they are permitted b by law Jaw to do according to C C. C Albert Glazier state bank commissioner who further declares res he does docs not believe Utah Utah- banks will make any investments in tho the fed fed- oral cial regional institutions Whort Vlod asked cd why tho commissioner declared that the state banks do not consider the federal reserve institution investments inviting from a n business standpoint In other othor words said Mr Glazier the they dont don't see anything to bo be gained pained b by such Investments