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Show Utah Banks Make Make42,000 Make42000 It Itlast Loans in inLast 42,000 42000 2,004 2004 ' ' , , . , last Halfof Half of 1940Piftyseven 1940 1940Fiftyseven " Fifty-seven Fifty seven l"1fty-.seven l1fty.seven l"1fty l1fty .seven Pifty-seven Pifty - . - per cent of the banb banks banbIn banksIn bantuIn In Utah made more than thaI that ' 42,000 42000 42,000loans " 43,000loans 43000loans ,000 000 ,000loans , , loans totaling totalln8 ' $5'1 51 $57 57 $ (57000000 57000000 ( $ ' 000 000 to bU4iness business busi bU4i- bU4i bulal- bulal bulalness - - ness firms and individuals tndiv1duaJa thl through throughout ' uS . " out the state during the secon4U se second secon4 . hutlf hutlfof halfof -U U - Uof of 1940 according to the semiantnual semI-anoi semI anoi semi-ant ant semIanoinual senu-an- senu an senuannual - - - < nual survey of bank lending lendinlr ac activity . tivity made by the Research Coun Coun- Council Council Council - - cil of the American Amerloan Bankers Asso Asao Association . . ciation eiation elation ciationThe eiationThe elationThe The ABA loan survey was partic partle- partle pattte- pattte participated partleipated patttelpated - ipated lpated In by 33 Utah banks banta , , or 1S'1 1S1 67 1S'1per 67per C7per ' per cent of the M 58 banks In the thestate thestate thestate thestateThese state IThese stateThese These 33 banks banka reported that thatthey thatthey , they made between July 1 and De- De December De December - cember 31 1MO 19tO 1940 29 049 new 10aWlI loans 10aWlItota11Dg loanstotaling loanstotaling tota11Dg totaling .29 29 . * t2 29 272,682 272682 272,082 272082 272 , 2 11 11413 413 renew renew- renewals renewals . - Ib.1s als b.1s b1s . of ' loanstotaJinf loans 'totaltn totaltn \ ' \totaJinf totaJinf totalunTtaB.lBMair totalunTtaBlBMair ( " X159.553 X159553 . tJUIS1 ! . : ' ; 1 ! 1918 918 ! new mo mortgage e loans total1n8 totaling totalingC.201400 totalingC201400 ' $6.208 6.208 6208 $0,208409 0208409 $ $ , . . 409 a total tDtal of 42,380 42380 42.3 423 , . , 0 Joana loans loans.totaUng loanstotaUng , . totaling $57 57 $57C40 57C40 $ 640642 640642The 040 042 042The 43 43The The survey showed that fness business businessfirms bU businessfirms fnessfirms , firms In the state used only CO 60 80 per percent percent percent cent of the confirmed conflnned open llnea lines llneaof linesof linesof of credit credlt ' * . maintained for tor their use useon useon useon ! on the bookli books of banks banb A total of ofeight ofeight ofeight . eight banks banka In the larger la.rpr larpr . centers centersof centerof * ' of the state atate reported that they car carried . _ , ried vied on their books boob $9,632100 9632100 > ' $ 9 , , . 3ai00 100 In In'open In"open Inopen 'open open " ' open lines llnes of credit cred1t ' " . offered offend toand to toand toand I and kept available avaUable tor for regular reruIar bor borrower . . rower rowers * for use uae as a * needed by them themOf themof themOf Of this thIa thla amount 5,803113 5803113 $5,803,718 5803718 ( ' $ (3 3 , , 03,713 03713 , , ' or 60.3 603 60.3per 60.3per COJper . . per cent was waa used . . . The 111e ' average averqe number of new locuts loans locutsmade loansmade loansmade made per bank during the aIx six sixmonths aIxmontha sixmonths montha months period under review was 880 0 and the average size of loanwas loan loanwas loanwas was (100 100 $1008 1008 $1 1 $1008The ( $ 008 The 'Ibe Ibe ' average number of loans re- re - renewed renewed re renewed - newed per bank was waa 34C 346 and the theaverage theaverage theaverage average renewal was waa for'I,9 forI9 for $1,942 1942 $1,942Tile $1 1 $ ' , , 43 43TMe TMe We Tile average number of newmortgage new newmortgage newmortgage mortgage loans made per pee bank wa.s was . wasM 68 58 and the average new mortgage mortgagemade mortgagemade mortgagemade made was waa for (3,237 3237 $1,23'1 1231 $3,237 ( $ $ , , , ' . I ! I ' ' |