Salt Lake Telegram | 1933-10-21 | Page 11 | Additional Mining News

Additional I I Mining News REPORT GIVEN OUTON OUT OUTON ON 53 5 STATE BANKS Switch From Loans to Investments Invest Invest- menu ments Important Feature I Resources cs an and liabilities of 53 Utah f banks and trust companies covered by bythe bythe bythe the consolidated statement as of September Sep Sep- 30 released Friday by John A. A ilia state bank commissioner aggregated ag greg ted This compares with for 58 banks one year before and 84 for foi 55 institutions on June 30 20 1933 In the last year loans and discounts decreased more than 7 while holdings of federal state and ind municipal bonds and other stocks and ind bonds increased about L Reserves Deserves according to the current report Jn in the state banks are the required reserve being I 1 J This is an improvement over the ratio shown in September 1932 when t the reserves stood at R I a against requirements of