Show DEPOSIT BOARD MEETS TO PASS i ON UTAH BANK Stat State Funds Placed in Any Institution Must I Never Never- Exceed Amount I Io o of Bond Bond Body Body Rules I I I I The depository board of ot Utah I consi consisting o of W. W D. D Sutton Sutton tr tf treas treasurer ns- ns sure s- s ure of ot of state stat Seth seth Beth state bank commissioner lone and Harvey H. H I Cluff attorney general held its first meeting today and passed upon I I applications for tor the the deposit o of the I tate State funds This board was created created cre- cre ty y the fIfteenth legislature i t j Tho The depo tory board In considering considering considering consid consid- ering the applications adopted a arule arule rule that the deposits in any de deI depository de- de designated should never I exceed the amount of or the bond filed with the board to secure the state I against l ss Five new dep depositories I were designated They are Hyrum Byrum State bank of Hyrum Davis County Coun Coun- ty bank of or Farmington Wellsville State bank of ot Wellsville Mendenhall Menden- Menden hall Banking company o of Spring Spring- vine me and the Monroe State bank I three Forty-three state banks now hold state stale funds and these banks applied for a continuation of ot their banks I as state stat depositories In addition there are eighteen national banks holding state funds and they also applied for a continuation o of their I institutions as state depositories CONTINUATION ASKED i The state banks applying for tor i a iI continuation of the designation as s I state depositories and which now have state funds on deposit are the Bank o of Ephraim Bank of ot Fountain Green Bank of Heber Cit City Bank of I Moroni Bank Bank- of St. St George Bank of Vernal Barnes Banking company I of ot K Kaysville Bingham State bank Bountiful State bank Cache Valley Banking company of ot Logan Clearfield Clearfield Clear- Clear i field State bank Commercial bank I o of Spanish Fork Dixie Y ers ers' bank o of St. St George Farmers and Merchants' Merchants bank of ot Provo Fillmore Fillmore Fillmore Fill- Fill more Commercial l and Savings bank First State Stare bank of ot S SaUna Una Garfield Banking company of ot Garfield Helper State bank James M M. Peterson Peterson Peter Peter- son bank of ot Richfield Jordan Valby Valley Valley Val Val- ley by bank of Riverton Kamas Karnas State bank Knight Trust and Savings bank of Provo MantI ManU Savings bank Milford State t bank ank Mount Pleasant Comm Commercial and aniF Savings Savings' bank North Sanpete bank of or Mount Pleasant Ogden State bank Payson Savings bank Peoples People's bank o of American Fork Price Commercial Commercial Com Corn mercial and Savings Provo Prove Commercial and Savings bank Richfield Commercial and Savings bank Roof evelt State bank SecurIty Security Security I ity State bank of Ogden State bank banko o of Hurricane State bank of ot Beaver Beaverr State bank of ot Garfield of ot Panguitch Panguitch Pan- Pan gultch State Bank of Millard County of Fillmore State bank of or Oasis State bank of Payson State bank of ot Tremonton State Bank of ot Wayne Vayna County o of Loa State Security Security Se Se Security bank o of Brigham Sugar Banking company of ot South Sugarhouse Sugarhouse Sugarhouse Sugar- Sugar house Thatcher Brothers' Brothers Banking company o of Logan Tooele County State bank of ot Tooele Uintah State bank o of Vernal NATIONAL BANKS The national banks applying which now have state deposits are National Copper bank Lake Continental National Nation l bank of Salt Lake First N National bank o of Park City National Bank of ot Commerce o of Ogden First Utah National bank of Ogden Nephi National bank First National bank o of ot Morgan First National bank of Coalville First National bank of or Nephi First National bank of Logan Utah State National bank o of Salt Lake Commercial Con Com mercial National bank of Ogden Commercial National bank of ot Smithfield First National bank of Brigham City First N National bank banI banko o oJ of Spanish Fork G City National bank First National bank of Price and the First National bank of Layton All AIl these banks have filed med a bond but under the provisions of the new law they will have to file fHe a new bond for the security of ot the state funds All pay 3 per cent interest on daily dally balances except the National National National Na Na- Copper bank on which is a checking account |