Salt Lake Telegram | 1918-07-10 | Page 15 | Local Bank [Illegible] Federal Reserve System

LOCAL BANK J JI FEDERAL Rt RESE RESES RESE'S I S SYSTEM Ad Admitted Resouro Are Ae e e nat e-nat riat Th The Deseret Deret Savings ban bank ban day was granted admission to lot to eral reserve system accordi patches from Washington il sour sources es of ot the lo local al institution o given as Regarding the admission to tol th it theral eral reserve om officials of f tt Savings bank today y issued th the ing statement j 1 The Deseret Savings banI Lake City has recently been been I as' as a me member of ot th the the- federa Tl The total resources are are aret areO j O O. O This institution at the 1 be beof of the the year year had a capital s about and nd under the reserve system any banking Int doing business busine s in a city of oven overl population must have a capital least 1 INCREASE CAPITAL The directors director of ot the Desire Dethe ings bank therefore re to en caiNe ble become a member of the federal serve serve system called a special holders holders' meeting in May nd creased Its capital stock fron NH to declaring a stock ou out t. t of Its earnings earnings- of jerI The institution pow now ha haf hac a t tap pil a surplus fund of an undivided l profit of f The officers ers of the that it does not riot anticipate theof the of the federal res reserve system tl great extent but considering th the ent condition o of financial at am the position that all financial lions should b bear ar In th the theof fn CIn of the government IN NEW HOME NOVEMBER It It was also announced toda he the the new new s skyscraper at First So SoMain Son Souto Main streets would be b Deseret National bank and thet Savings bank November i Ap one half the office st ai the building has already been t. t of according to the officials an demand Is large The new will cost when complete third of pf the cost being borne I tj Deseret Savings bank But f fo lIberal iberal use use of local ocal products in ining H Ing ng the the- cost would have ha been greater say the bankers f Two minor accidents have QC act oca since th the building was Vas started winter A steel workers worker's hel belie helpes three stories to the ground trl j his feet and sustaining only Ii a aspra sP sD ankle In Th another instance a are ared C bol bolt was was deflected from its Us cour o striking a beam and sailing salling o Py yet e j safety zone narrowly missed Jv it ita bowaR bo a young youns woman whose dress dres floj was waR as scorched