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Show rRRIOT U l. -- CS QG1-3I3-2- LIPRARY orser trials OF rrv U 3111 UT !IL C Skill questioned Bankers react to CU fed did Utahs bankers respond to the Enterprise story (Jan. 2) on the formation of the the federal reserve system," Shelton said. Liquidity of credit unions could be a serious problem. Some are loaned up more than 100 per cent, while banks arc loaned up 65 to 75 per cent," he said. Said another Salt Lake bank vice presiWe dent, again declining to be identified: are not allowed to pay one red cent on checking accounts, by regulation." All banks want to do is meet them on a level playing field with the same tax consequences at the goal-lin- How Corporate Central Credit Union of Utah? All our customers are our competitors too, said one bank vice president who declined to be identified. His bank does considerable business with Utah's largest credit union, Federal Employees Credit Union, Ogden. Gilbert L. Shelton, president and chairman of the board of Tracy Collins Bank and Trust Co., reflected the general sentiments of the banking community. Well play the game, but let's all play by the same rules." Shelton said. There is no question in my mind that banks can provide banking services as inexpensively as any institutions, but we have to live with different laws and regulations, namely, that we have to pay taxes and they dont, and we have to keep reserves, and they dont" he said of the credit e. And there is one other consideration: handling money is tricky business, requiring much training and high qualification. I question whether the lay board of a credit union always has such training." First Security Bank, largest of all the Utah banks and seemingly the one eventually most affected by the move of the credit unions to provide themselves with what amounts to their own federal reserve system, tried to find an officer to comment on the new system but was unable to do so. a spokesman said. Poor control situation It's a poor control situation from the point of view of national monetary policy to have large amounts of credit outside control of KUTV Ramsey of Joan Pate took a part time job selling real estate three years ago after her husband, broker Bud D. Pate, finally relented. On Dec. 31 Joan closed the books on real estate sales of $4 million in 1977 and now I have to work just to pay the taxes on her earnings," says her slightly chagrined husband. Joan, with her husband at Envirowest Realty, will likely be Utahs most wlUWW t . . made $120,000 in commissions in 1977. But that is supposition, since commissions depend on who is listing, who is listing agent and how one splits commis- sions with brokers. Joan's sales were all residential real estate. in To be the Six Million Dollar Woman. Next goal: sibly even nudging out the perennial winner, Rhoda Mtae ft MUvIvy she amount, 1977, pos- Outlook 1978 Mortaaae Rates Commentary Gumpand Ayers. If one can assume (and one cannot) that Joan received a three per cent commission on the entire real estate successful salesperson in Questions lay training unions. $4 million woman1 3 'Ct ", ' ' v : ' ' ' j S?-- " ' 0,10 . s .X v ' :? "' vvv'VT ' ' : s A ' , nabs Metro lead from KSL Every spring and every fall you can count on the Church of Jesus Christ of Saints to conduct General Conference, and you can count on the television stations to conduct general Latter-da- y warfare. For the television sta- tions its a battle for the highd est ratings in the news shows, and for the first time in recent memory, KUTV Channel 2 has apparently got an edge in the locally-produce- You dont see terms like this When asked if Standard Optical was still financing eyeglasses for $1 a week as advertised on the sign above its Salt Lake Metro all-import- area. Metro Rating, as it is called in the trade, is a rating that measures viewing audiences in Salt Lake, Davis, Weber and Tooele Counties. And it is here that KUTV found its strength in November, 1977. Conspicuously absent in the definition of Salt Lake Metro is all of Utah County, which is defined as a separate area by the Standard Metropolitan Statistical Area of the U.S. Department of Commerce. And in Utah County, See METRO LEAD page 4 The VOLUME 7 NUMBER 28 Connections keep Kellys a Dees family affair While ownership of the restaurant at 437 So. Main will remain essentially in the family, Kellys Hamburgers will open tomorrow replacing in serving up fast should say not buildingt a credit manager said , spectacled customers find the terms reasonable . another Kellys within by Sheri Poe Enterprise Staff Writer Dees very often lun- ches for downtown businesspeople. The grills will be switched on under the ownership of Greg Anderson, son of Dee Anderson of Dees Family The younger Restaurants. Anderson purchased the lease and equipment from his father's corporation in September and aspires to open MONDAY, JANUARY 9, 1978 six months, and 12 within the next two years. He apparently has the background to do it. Pursue own interests Admittedly the black sheep of the family, the youn- ger Anderson resigned his of position as Dee's several years ago to vice-preside- nt pursue his own restaurant venture: Cory Andersons Pics. Named after his son, the restaurant thrived with five outlets in the valley. Anderson then chose to sell the operation. Still, Its more fun to execute plans and ideas for restaurants than to go through the daily tedium of managing Anderson explained. In the interim, Anderson has been of Association and Convention Management Inc., recently organizing Mexicos national Restaurant Associations annual convention. Locally, the corporation manages Life Un- them, vice-preside- nt derwriters correspondence and meetings. Anderson said the new restaurant will be most similar to Wendy's in its catering to adult fast food tastes. The See KELLYS page 2 50 CENTS |