Show 11 Utah Banks Begin Year In Stronger Position Than F At Any Previous Time Timet t f Business AcI Activities Ac- Ac I Clearances es Reflect Increasing I tl es Bankers Show v Willingness to Male Make Credit Easy Y Utah banks face the beginning of 1935 in stronger con con- conation than at any previous time in the history of the state Not only that but but and and this also is important it if the recovery is to continue rolling forward bank forward bank clearances reflect inn in- in train n business activity and bankers themselves are showing a ewe willing n ess to o make credit easy I for b business s ness 10 interests r b ban banking a n k kin i n g structure is than at any time since e state state- conger r ohn A. A Malta Malia state stale t declares John C h od I g commissioner b Ke He joined in this statement b by purls L. L Smith president of the State Bankers Bankers' association L Deposits Rise Rile De Deposits its in state and national banks in Utah have risen to a 21 24 per cent increase over the low in 1932 when pot of the depression deposits totaled according to state itale banking department records The present ratio of 6 a to 1 between between between be be- tween deposits and the capital structure of these there banks indi indi- t art ture re and nd reserves tiles raes a very healthy condition for the federal comptroller of the currency jiu 1115 its announced that a ratio of 10 to 1 i Is a I sound one Mr Malia Malta said t Banks Binks In the state have increased t their reserves and capital structure by byI I approximately during the put ut year to a total of the I bank commissioner reported Utah too was one of the few ew states state n which every bank qualified for Insurance with the Federal Deposit corporation when it began I. I rations last January Many lany JI Have ne STrong Idea 1 Air Mr Malia Malta recognized that banks have gave ave been criticized by both private officials the I citizens and public on pound ground that bankers banker have hav refused to ease eue credit sufficiently to enable business busi- busi ness iss expansion Many persons have the wrong a f Idea with regard to the refusal of 1 banks to make certain loans det dei de- de i t d cla-d Mr Malia Malin Banks are anxious f to make sound loans but there is ismore more more involved in making makine any loan than merely having a man walk into th the bank and ask Uk for money Financial institutions mi might ht be bei i wise to conduct an educational campaign cam cam- 1 n to teach the public what banking bank bank- fag ing really involves Officials of or financial institutions are anxious to make good loans a according according ac- ac cording to Mr Smith Liquidation of ot loans loons has haa progressed r to the point where banks have hav for the most mot part more cash r resources resources re- re sources than they desire he explained ex ex- These banks bank are anxious to convert con vert thc their I surplus funds into tive Live loans of a sound round banking cha char char- acter T The c bankers of or this state are me men of i integrity and broad brond experience I Iam Iam am certain that without exception they stand ready to assist meritorious ous enterprises to carry carryon on as S bus busness business busi- busi ness conditions and increased activity ty warrant a sound demand Jo for mone money 4 Help Toward Recovery The liThe banks of ot Utah will wall share a large part in contributing to the r recovery re- re cry covery which we Aye hope will not b be belonger beton ton longer er delayed Credit is easy casy fo for those tho whose fi financial condition warr war rants a loan Increase in the time and demand deposits in in Salt Lake City banks am and I trust companies Is shown In a comparison comparison comparison com com- parison of ot the September 30 1934 1934 deposit total which was as compare compared with total deposits o of on September 30 1933 Part of ot this thi increase probably came out of tin cans am and mattresses as ZIS operations of the deposit depos insurance act Increased public conf dence in banks financial leaders leader report The money is not being hoarded hoarde in Jn banks s by the depositors however as 83 is evidenced by activities at nt th the Salt Lake City clearing house Checks totaling were cleared here during the first 1 11 months of 1 1934 34 as compared with wilh for the same Sime period perio of ot 1933 This represents an increase of ot 21 per cent in 1934 This month 11 total for 1934 W was larger than the clearances for al alof all of 1933 which were o or for all of 1932 which were Clearances in 1934 however were considerably below the total of 1931 Significance of the increase In bank ban clearances lies in the accepted report that checks are involved in 90 pe per percent percent cent of at the total dollar volume o of business No banks c closed in Utah during the year and many of those which ha had closed In previous years paid divi to their depositors depositor Th The Commonwealth Com Corn bank of ot which closed in 1933 and the Panguitch State bank which locked its doors in I 1933 closed their accounts account this yeaby year yea yearby by paying depositors cents on the dollar |