Show Manti Bank President Attends District Meet Ray P P. P Dyreng president of the anti Manti City Bank has just returned from the executive council meeting of the Independent Independent Independent Inde Inde- pendent Bankers AS Association of the Twelfth Federal Reserve District where he went as one of Utah's representatives The meeting held in San Francisco was attended by prominent bankers bankers bankers bank bank- ers from Oregon Washington California Nevada Idaho Utah and Arizona acting as spokesmen spokes spokes- men for the independent banks in the District Chairman Harry J. J Harding reported optimistically upon his recent conferences with Republican Republican Republican lican and Democratic leaders in Washington D. D C C. Looking to toward toward toward to- to ward legislation to r regulate bank holding companies Harding said Congressional leaders are fully fully ful ful- ly aware that under existing laws bank holding companies may cross state lines with banking banking banking bank bank- ing offices own and control non- non banking enterprises and engage in their practices which h have a v e elong elong long been prohibited to individual individual individual dual banks as being against the public interest Bank holding companies in their desire to expand have indicated in indicated indicated in- in monopolistic tendencies which the Independent Bankers Association believes to be contrary contrary contrary con con- to the traditional American Ameri Ameri- can system of free enterprise and local ownership of local business Harding emphasized |