Salt Lake Telegram | 1934-04-02 | Page 2 | Bank Figures Show Big Gain

IB BANK A N K FIGURES SHOW BIG GAIN Institutions Here Share in iii Spectacular Growth of Western Deposits Deposits and resources of the nine Salt Lake banks and trust com companies soared to higher totals during the first quarter of 1934 according to the con statement on deposits and resources ot of the Salt Lake lions as per published statements ot of March 5 comp compiled Monday Monday- by the Salt Lake Clearing House association Total resources or of the nine Salt SaIt Lake banks and trust companies amounted to while de dc posits totaled No consolidated con statement on resources and deposits was compiled last year be- be because cause of the national banking holiday Comparison with the close of 1933 shows gains of in deposits and in resources Gains of in deposIts and in resources are shown in corn com parison with the consolidated statement statement state state- ment of June 30 1933 The increases in both deposIts and resources re attributed d to the application cation of the Federal Deposit Insurance ance corporation for government Insurance in In- of bank deposits In addition to the deposit and resource reo re- source increases the volume of banking bank bank- In ing business in Salt Lake has shown substantial gains Although 10 days of March 1933 were included in the national banking holiday bank clear Ings during the past month increased to compared with 27 the same samp month a year ago Bank debits in March 1934 totaled compared with in March 1933