Show UTAH BANKS S SIA MAKE IA E LOANS TOTALING IN IX 1030 1050 seven Fifty per cent of Utah's s commercial banks made More re IJ than loans totaling tot over to business firms firma and individuals throughout the state during the year 1939 according to the second semi annual survey of bank lending activity of the American Banking Dankin Association made public today The survey which was participated 1 e ed cd d In b by 33 banks or 57 per cent if 1 ethe the 57 commercial banks hanks of th the state showed a definite expansion of bank credit in the field of new loans The dollar volume of or new now loans made during this period was wn I or 27 per cent cant greater greuter than reported by hy an equivalent number number num num- ber bel of banks for the previous six 51 months I The he 33 banks hanks reported that dur dur- o Oc Oc Oc O n n 1 they mate Tn mauc n. n n. n tug ing 1939 new loans loang totaling 47 2 23 renewals ls of loans totaling 0 2793 e loans totaling o. o 1 The survey reveals that business firms in the state stat are using only about one-half one of or t the e open Hn lines Linea ja o or of credit maintained for their use n ni nithe on onI 3 I the books of the banks Four bank banks In the larger centers of the state stall reported that they thoy carried on their thel books during the second half of the year In open lines lines lines' n of nt credit consisting of special amounts amount of or credit cred It offered to and kept avail I L able ablo 0 blo for borrowers for us USe I as needed by them t lem Of this amount amoun or per cent was a ac actually as used I IThe The average number of or new loans loan made per bank IJ was was 70 and tb the aYer average ge loan was 1003 The average number of or renewals renewal per bank was and the average renewal was for tor 2149 The average number of mortgage loans per bank was 85 and tb the average mortgage was for The Utah survey was part of a 1 1 h b 1 lendin IU u a g activity y su vey made le by l the American rr Bankers n 1 Association For the country as a n whole or 44 per cent of or the banks reported that they made 24 I credit extensions totaling during year year yea These consisted of the tho following I new loans totaling 3 2 j renewals i of j loans totaling totalling 2 new mortgage loans totaling The number of new loans loana ed cd 10 per cent and the dollar vo val t ume increased 20 per cent |