Show 1 LOANI LOAN I LEAGUE ELECTS I Special to The Telegram 1 OGDEN OGDEN Election Election of officers d the annual report of R. R Call C C. b uvall Vall all of Ogden retiring jent nt marked the Saturday morn- morn p session of the Utah League f if f B Building and Loan Associations ual al convention at the Ben Loid Lo- Lo id hotel here ind I i Joseph seph seph E. E Kjar Ijar of Salt Lake City manager of the Deseret deral Savings and Loan association association association tion and first vice ice president of the league was wast t advanced to the league presidency 1 cy cv to succeed Mr I Duvall fl Thomas T. T Taylor Jr k president of the Prudential Federal Federal Federal Fed Fed- eral Savings and L Loan Loa o a n association association association tion and Robert B. B Ritchie secretary secretary secretary sec sec- of the Western Vestern Loan Loa o a n a and n d Building I Jos F E. E Kjar Kiar jar company both Cf l Salt Lake City were elected first and second vice president rep re- re p J J. Grant of I Salt ISalt Lake City a director of the First Federal Saving and Loan as- as was reelected league sec sec- treasurer John Colborn of tL I. I gan was the retiring second vice president resident substantial Substantial increases in all phases of activities engaged in by bythe byth the th savings-building savings and loan loani associations ss i in Utah during the past year were reported by Mr l I Duvall More than four million dollars I In new hew savings has been placed rI in these 12 associations during the period ped from May 1 I 1940 until M Ma May y 1 I 1941 Mr Duvall said This increases the assets of the Utah lUtah associations to approximate- approximate 13 1734 Accounts Opened fu In the same period a total of new savings accounts were opened and 2176 loans to build buy refinance or modernize h homes barnes mes were made totaling 55 5 The savings and loan industry enjoyed an exceedingly healthy share of the home financing busin business business busi busi- n ness for loans made by all home financiers savings and loan indiViduals individuals in- in banks and insurance companies and all others totaled only for the same period Duvall said P Speakers besides Mr Duvall included in in- cl ded Floyd Cowley of Ogden president pr of the Utah chapter Am American rican Savings and Loan ute who told of activities of the state chapter M. M L. L Dye of Salt IL Lake ke City president First Federal Saving and Loan association J. J H. H Andrews A drews of Ogden convention ch chairman irman who discussed taxation and legislative matters and Frank H Johnson of Portland Ore president president president dent of the Federal home Loan b bank who discussed possibility of inflation and effect of national def defense defense de de- de- de f iise program on home construe construe- tion B Ir lr D Dye e said the league had bad no state ste or national legislative program program program pro pro- gram and was well satisfied with present business conditions During the afternoon the group will 1 visit national projects he Ogden area |