Kane County Standard | 1931-04-24 | Page 4 | State Banks' Loans Decline over $8,000,000

STATE BANKS LOANS DECLINE OVER 1 banks of 0 utah continued to decrease loans loana and build up their reserves during the past quarter it is shown in the consolidated statement ment of 0 t 81 state banks made public thursday by state bank commissioner IV 11 hadlock Hadloc lr loans loana were reduced moze moie thin than as aa compared compard with trie same acme period last year aud and secondary ie e 0 serves 0 arves were lacco sd more than tZ cash la in banks was if erased more mora than as 2 eviden ca that thai the banks are ara ranking making their c con 0 n dhun much sar sair than ever before total tell fell off ot luring during tho hll period annio ftp As ex by mr ll li adlock this was duo due to t 0 the failure ot of four banks a and nd the withdrawal of deposits de subject to d heck check this decrease was from in 1930 1030 as compared w with ith this year whilo while dop deposits de 0 11 its subject to check decreased time ti certificates c er and savings deposits increased more than dills bills payable and reds redi counts were reduced b by more than total resources at the close of business march 25 were as compared with for the sumo same period last year loans and discounts dio counts amounted to in 1931 and SP in 1930 stocks bonds and securities jumped from in to in 1931 deseret news