OCR Text |
Show CALKINS PICKS SITE FOR RESERVE BUCK New Institution to Be Housed in First Floor of Moran Building. Negotiations were consummated yesterday by which the Salt Lake branch of the federal reserve bank of the Twelfth federal reserve district at San Francisco, will be located on the first floor of the Morau building, at K50 South Main street, at least temporarily. tempo-rarily. Su-h is the announcement made yesterday afternoon by John U. Calkins, Cal-kins, deputy governor of the federal reserve bank at San i-'ram-iseo, who came here for the purpose of sek-ctin a location for the branch bank to be opened in Sait Lake about April 1. The deputy governor made arrange- ' ments to set-ore the entire lirst flour of the building, with accommodations also on the second floor. Work of remodeling re-modeling the rooms to suit the needs of the bank offices will commence at once and Mr. Calkins announced that in all probability they would be able to open the bank a little before April 1, but would have it open for business by tliat date at latest. Jn this building the deputy governor gov-ernor found an old vault which was used for bank purposes in years gone by, and .while it is not suited for modern mod-ern bank use, it will do to house a modern mod-ern safety chest or safe, he stated. TJse will also be made of the vaults of other banks in the city temporarily, it .was announced. " i |