Show I FUNDS FOR HOMES SUPPLIED BY BANK BANKS By B ROME ROII C President ii If Ban Ban ers rr ASSoCIatIon ii o oA A A LARGE portion of or the tho funds n ri re- re required rA In homo building alnay ah has been furnished by banks banIs They The have havo shown con coi a deep Ii Ir In Interest terest crest In the per of oc o this feature of or nations national development Ur Up Upon Uron on It rests much i of our country countr s 's f t f future u t u r e a stability sta sta and any to its ad redounds to the tho th advantage e of or al all It It C So banking has hal never permitted Its operative cooperative co- co attitude toward home homEbuilding building to lessen Practically all nil banks now accept say savL to logs Ings deposits which can cnn well weB be bo turned to the tho advantage of the homo home builders The construction of or Individual dwell dwellIngs logs requires a largo large amount of inc 1 lug Ing and Is a thoroughly commendable enterprise Necessarily the aid given to home Is CO governed by the sound banking rules which have grown crown out of the years of or experience and tho constant studies of or bank practices All of the efforts made to secure s broader real estate loan privileges to adjust to make it possible to lend lar larger er sums for long terms the of mortgage loan for formulas formulas formulas mulas and the actual lending of vast J sums Bums on mortgage notes evidence the tho d of or banks to contribute a full measure of support to the tho home build build- building ing log move This is true truo of or all class classes es Cs of or banks but bat even in a more marled marked degree of those thosa whose deposits arc largely In the form of fau- fau ra anu whose loans are primarily tor Or building or hone bone ising purposes Roth Both oth Sides Protected The Tho process through which bank loans are made on reil estate Is as simple as the tha nature of such an im- im important Im Important transaction will permit When money is advanced the lender must know kno that repayment will be made the specified time Likewise the borrower wants to be assured that after he be has figured the loan on the basis of his conservatively anticipated ability to topa topa pa he will Rill III not be required to do more that ho he will not be disturbed in his of ef efforts forts to nork ork out of ot his obligations under those terms Whether his agree agreement agreement meat ment is to repay the entire loan In three or five years or on a monthly or yearly basis he Rants Hants ants the assurance that no additional burdens will be bo Im- Im Imposed im imposed posed upon him All ot of o this is settled definitely in advance There is no mystery about any of the details and when ben the tho negotiations are complete the borrower knows just he be may expect and what he will be re- re required re required to do to meet his obligations Loans made to persons who wish to acqUire homes are not necessarily building loans One Ono may wish nish ish to pur PUt purchase chase a 0 home already constructed In Inthis Inthis Inthis this form of transaction bank loans are very ery freely because it is the only Und kind of ot a real estate loan some classes ot of banks ml may make Others ot of o course may lend upon real estate with im improvements uncompleted and advance funds as the construction progresses Different styles in home bome financing have developed in the various anous states and banks 1130 liase ha e tried to adapt their facilities facilities andI I ties to the needs Whatever character ot of assistance is required in any par par- particular par instance usually can be found In some somo bank In the local community Among banks and borro borrowers ers for home acquisition purposes a long established established and thoroughly tested relation relation- relation exists Banks are aro not the only agencies through which such funds are available they do not embody all the spirit of ot helpfulness which abounds I However through the years of or their co operation their aid has been of un- un unquestioned un unquestioned questioned alue alue to the home builders whose efforts to establish a permanence for tor themselves have received constant encouragement Bankers everywhere are ready to counsel n with nth ith their custom custom- customers customers ers about their home building plans and to assist to the extent of or their 4 A This is being done constantly and the many advantages of or It are not without recognition Farm Form Service by a Bank BankA A farm form service department Has as inaugurated a i y ear ago by a Do bank bani bankin bankin tn in Olympia Washington and a aarm farm arm advisor appointed Close co- co cooperation co cooperation operation has been maintained with the state college sers sel selIce ice Work in dalr dairying Ing is carried car car- car carried ried on OD in conjunction with pith Ith the Dairy Association Herd ement Association tion Also a pasture contest was held in ration coop with the four ban banI- banIs s in the county which offered prizes amounting to Work In poultry was carried c on in tion cooperation with the Co opera operative e Poultry Association and assistance was given in organizing an nn economic conference for the benefit bencat of berry growers groVers Th The Tho farm advisor of tho bank is ach attire active e in the Agricultural Council of the tho county composed I of farm and other organizations interested development in agricultural develop develop- ment and also in tho the Farmers Market business ark t Si Six Sig hundred farm busl busi- ness analysis blanks were here distributed distributed while farm account books and poultry p try record books n ere c also pro pro- pro vided sided provided to farmers and have havo been helpfUl In In starting many farmers In 1 coping business records |