Show I i BANKS OF UTAH EXTEND LOANS Improved business conditions resulted resulted resulted re re- In a definite expansion in ban bank credit in the field of new loans in Utah during 1939 a survey survey survey sur sur- vey sponsored by the American Bankers' Bankers association and participated participated participated in m by 57 per cent of the states state's commercial banks indicated Monday The 33 banks Included in the survey survey survey sur sur- vey according to a report released Monday in New York City made more than 73 loans totaling o over oer er to business firms and individuals during the year jear earThe ear The dollar value of new loans made during this period was vas or 27 per cent greater than reported by an equivalent number of banks for the previous six months the report stated F F. M M. vice president and secretary of the Utah Savings and Trust company and president of the Utah Bankers Bankers' association an affiliate of national organization tion said the expansion in m credit resulted from better business conditions con con- More demand for money resulted result result- ed from better business conditions business men feeling more able to borrow money and expand their businesses Mr said The federal government coming out here to make large expenditures expenditures expenditures expendi expendi- tures for national defense is helping helping helping help help- ing to bring about some of these improvements he declared Although there was an expansion in new loans the report disclosed that business firms in the state are using only about one half of the open lines of credit maintained for their use on the books of the banks We Ve have plenty of money to loan where we can depend on a safe return Mr said |