Salt Lake Tribune | 1919-10-18 | Page 20 | Increase Shown by State Banks

INCREASE SHOWN Bl STATE INKS Report of State Bank Commissioner Com-missioner Indicates the Growth for Year. Total resources of 100 state banks and trust companies !n Utah show an in- crease of SP.f'Se.lTL'.TO for 1919 over 102 i similar institutions for 1918, according ! to a report made public yesterday by X. ! T. Porter, state bank commissioner. Mr. I Porter's report makes comparison of the banks using September 12 as the closing date for 1919 and October o for the 1918 figures. Among the substantial items in which the state banks have shown material increase in-crease during the past year are the amount -of loans, discounts, overdrafts and trade acceptances held; the amounts due from. na;ional banks, and in the stocks and bonds held. Loans, discounts, overdrafts and trade acceptances held by the Utah state banks amounted to $61,753,948.96 In 1919, or a gain of $5,937,543.36. National banks owed state banks $2,654,255.57 more this I year than they did in 1917, and the amount of other stocks and bonds held bv the state banks had Increased by $3,-02S. $3,-02S. 572.8S. The amount of capital stock held in ! state banks showed a decrease of $142.-! $142.-! 600.25, owing to the dropping out of two Institutions during the year. The totai 1 bank stock this year amounted to $7,-51 $7,-51 6,965. Savings deposits show considerable consid-erable increase in the liabilities of the state banks, these having jumped from $26.44K,0p;.2ti to $o2,51f,400.64 for a net gain of 6.0n9.o'"i3.o8. j The increased prosperity of the state (during the past years is Indicated, in I part at least, by the tromendous growth shown in the savings deposits held by the state banks. These deposits show a net gain of ?6.380,224.24. the total this i year having been set bv Mr. Porter at $30,342,754.24.