Salt Lake Telegram | 1932-09-06 | Page 11 | Building and Loan Gains in 18 States

Fi AND LOAN GAINS IN ill 18 STATES report for 1931 to the United Tile BuildIng Building and and Loan league states Utah fourth in build build- I i ees e aviation association assets with 53 53 owned d by twenty four tOn assets assels of building and loan f r Total tal in the United States arcS are arc according to the annual S of H H. F. F FJ Cellarius Cincinnati of the treasurer secretary Ohio report further showed a dell dell- increase In the safety of building alte SS investments in 1031 over o and loan record recorded for 1930 that Eighteen teen states Including the Dis Dis- and the territory r of Columbia S Hawaii increased their assets In of lUI said Id the report The combined com corn comek ek Set assets of the building JS and 1031 associations of the United States state showed a decrease of The jc to to- the previous year 0 over JO Sl tal membership was or a 8 members for the of d crease I T total investments of building and ind nd loan associations In mortgage l s was WM 7 which Is 85 7 J r cent of their total resources The The me p per amount of mortgage loans made in to 1931 is estimated at MO a. a as compared with for for 1930 a decrease of a 61 little over under the amount in in- f 30 per iy r cent so I d. by them in In the previous year ear r The report points out that the con con- traction of lending operations of the If business to the degree indicated by byr r figures would be more than thann n ade Je up for by the home loan bank system making billions of dol dol- liars jars of additional credit available for forborne tome home mortgages mortgageS- i States showing the largest increases In building and loan assets for 1931 lIars Include District of Columbia 6 6 Rhode Island Ke Kentucky Kentucky Ken Ken- tucky and New York I 2 2 50