Salt Lake Telegram | 1934-06-30 | Page 3 | Building, Loan Future Bright

BUILDING LOAN FUTURE BRIGHT Federal Legislation Draws Draws' Optimistic Statement by Utah Leader Building and loan legislation Included In In- eluded In the national housing act makes the future look better for building and loan Investors and Institutions Institutions In In- according to M. M L. L Dye De president of ot the Utah League of Building and Loan Associations Mr Dye Friday received complete details of the act from the he United States League of or Building and Loan Associations of which he is a member member mem memo ber of ot the executive committee The act contains four main features fea tures he said However of foremost foremost fore fore- most Importance to 10 building and loan inv investors tors is the section which guarantees guarantees guar guar- deposits up to for memo mem bers of institutions which qualify for membership in the newly created Federal Savings and Loan Insurance corporation The Federal Savings and Loan Insurance Insurance In In- corporation will be capitalized capital at with the members members mem mem- bers of the present Federal Home Loan bank board acting as the board of trustees The main office will vill be bein bein bein in Washington D D. D C. C with branch offices throughout the nation