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Show County income gains in 1975 Personal income in San Juan County rose by 18.2 per cent last year, according to a study just released by Utah Foundation, the private research organization. ' According to the estimates contained in the Foundation report, total personal income in San Juan County during 1975 amounted to $32.4 million. This compares with personal income estimates of $27.4 million in 1974 and $16.4 million in 1970 for the county. Throughout Utah last year personal income totaled $5,812,000,000. This amount was $569 million, or 10.9 per cent above the 1974 total. By comparison, the nation as a whole registered an 8.0 per cent gain in personal income during 1975. The Foundation study points out, however, that a large part of the personal income increase recorded during 1975 was due to inflation. When an adjustment is made for the 9.1 per cent rise in the cost of living last year, the effective gain in Utahs real personal income was only 1.6 per cent. Nationally, real personal income actually declined by 1.1 per cent during 1975. Foundation analysts note that during the period 1964 through 1969 personal income gains in Utah were well below the U. S. average. Utahs relative position among the 50 states in per capita personal income slipped from 29th place in 1963 to 40th in 1969. In 1963, per capita income in Utah was about 10 per cent below the U. S. average; by 1969, it had skidded to more than 20 percent below the national ave- rage. J Thus far in the 1970s, personal income gains recorded in Utah have been slightly better than those for the nation as a whole. As a result, the Foundation study shows that Utahs relative position among the states in per capita income has stabilized and has im- proved moderately. Per capita income in Utah during 1975 equaled $4,819, which was $1,015, or 17.4 per cent below the U. S. average of $5,834. Utah ranks 39th among the 50 states by this measure. One factor accounting for Utahs relatively low position in per capita income is the large size of families in the 0 1976 8, July state. When personal income is related to the number of Record (Please turn to page 13) Juan San The Savings certificates are another way First Secu- rity helps you get more for your savings. They earn at the highest legal interest rate for insured bank savings. They can be compounded quarterly, so that you earn interest on interest and principal, and your actual annual yield keeps growing up and up. Or we will pay interest to you quarterly by check or credit your account. Its your choice. You can arrange to have your certificates auto- - maticaliy renewed at maturity at the then prevailing and advertised rates. This service assures you of continuing high return on your savings, And theyre with First Security, so you know your investment is safe insured to $40,000 and backed by the Intermountain Areas largest financial stitution! The First Security step is always up. Savings tificates are another way of proving it. Heres how they work: in- cer-t- o The effective annual yield on quarterly compounded certificates. Certificates held to maturity earn more. Federal regulations require substantial penalty for early withdrawal on certificates. Lot yourself grow with First Security. First Security Bank of Utah. N.A. Flrat Security Bank of Idaho, N.A. Firat Security State Bank Firat Security State Bank of Sprlngville First Security of K Flrat Security Bank of Bountiful, N.A. Firat Security Bank of Murray, N.A. Firat Security Bank of Logan, N.A. Firat Security Bank of Rock Springa, Wyo. Firat Security" Slate Bank'olHelper Members FDIC |