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Show me"iai bank, I he tfJ Jue 30, i940: JanUatJ"a 7,331,09A7 , '253.628,581; J to atS loans totalis 4'17 r 5 53,653,6irr& baft 673 totaing S S, N first half of th ep"fd 71 LISTED m FLISr MALF OF 1940 NEW YORK Fifty per cent of Utah's commercial banks made I more than 36,000 loans totaling I $48,000,000 to business firms and I individuals throguhout the state I during the first six months of 1940 according to the semi-annual survey sur-vey of bank lending activity made by the American Bankers Associa- ! tion. The A. B. A. loan survey was participated in by 29 Utah banks, or 50.9 per cent of the 57 commer- ' cial banks in the state. These 29 banks reported that they made between January 1 and ( June 30, 1940: ( 24,890 new loans totaling $22,-093,075; $22,-093,075; 9,585 renewals of loans r totaling $21,184,507; 1,544 new f mortgage loans totaling 5,277,608. t Totals of 36,200 loam at $48,558,- d iyo. The survey showed that business firms in ths state used only 55 per cent of the "confirmed open lines of credit" maintained for ;heir use on the boots of banks. Seven banks in the larger centers )f the stats reported that they arried on their books $7.217.200 1 n "open lk;es cf cirdit" offered j 3 and kept available for regular; erj'ov.ers lor use as needed ty um. Of this amount $3,903,031 j : 55.3 per cint was used. I The average number of new 1 loans made per ban!: during the six months period under review-was review-was 858 and the average size of loan was $388. The avsrage number of loans renewed per bank was 331 and the average renewal was for $2,210 The average number of new mortgage loans made per bank was 53 and the average new mortgage mort-gage made was for $3,418. The Utah survey was part of a national survey of bank lending activity made by the American Bankers Association. For the |
