Salt Lake Telegram | 1947-09-02 | Page 22 | 59 Utah Banks Note Drop in Resources

I 59 Utah Banks 1 r Drop I 1 i 1 i In Iii Resources I Total resources in Utah's tah's 59 banks banks' decreased 76 76 during th the first six months of ot 19 1947 7 compared with a drop o of 96 in resources of or the nations nation's banks according according according ac ac- ac- ac cording to Tuesday r reports of Thomas W. W Leggett Little Liitle Rock Ark president of f the the theN N National Association of Supervisors of State Banks and J. J Melvin Knapp pp state bank of Utah Resources of llie the nations nation's banks banks totaled totaled- O. a decrease a-decrease I of on tune June 30 c com compared coin coin- m- m pared with Dec 31 31 1946 Re Re- C banks totaled 53 7 a decrease of ot 44 1 on June on-June June 30 compared with Dec Dee 31 1946 Tile The identical trends were at at- at attributed I by the officials to de decreases decreases de' de de- de creases s In n deposits particularly those of the federal government Which s shows a a. drop on a national I basis of of or during the six months All government deposits in Utah banks dropped or 33 during th thc six months montHs' Y On a national basis all deposits i including including- el ing those b by individuals partnerships corporations governments governments governments govern govern- ments and other banks totaled a decrease of 13 on on June Jun 30 compared with Dec 31 1946 AH An types of deposits in Utah banks on June 30 a decrease of or orin 83 f in the six months