Ogden Standard-Examiner | 1923-07-24 | Page 8 | Building and Loan Growing

BUILDING AND lOAN GROWING Associations Association's ns n's Assets Show I Large Increase By Small Investors I TACOMA Wash July 24 The 24 savings of small Investors Investor have havo increased the assets of ot bun building ding and loan associations by nearly a half haIr halfa haIra a billion dollars and ha have vo resulted In in a membership ot more than one million members accord rIng accord log Ing to the annual report of ot H C o ot Cincinnati secretary ot of the United States league of ot local building and loan associations pre pre- presented presented pre presented at the tho annual convention ot of that body here today are There are nos l associations tion In the tha United States the re- re report report re report port stated with assets t- t ting aggregating ing and a total mem mem- membership membership of oC The increase In membership for tor the tho year was and the increase In as- as assets assets as assets sets for tor the 8 same period was or a a little less than 16 per percent percent percent cent BUILDING st I IThe The report stated that the ever r Increasing need tor for home borne building purposes during the lat last few tew years has brought the building and loan lonn associations prominently before beCore the public and has given Iven them an op- op opportunity op opportunity of ot greatly expanding their business and sphere of Usefulness The bu ng and loan associations are no now noa recognized as IlS a n most help help- helpful helpful ful Cui and important factor In the community life liCe the report added estimated that the mortgage loin loans 10 on real estate se- se security le e- e made mado by building associations associations last Jast year aggregated about Pennsylvania Pennsy anla made the tho largest I gain In 1922 Increasing Its assets by while New Jersey was second with an Increase ot or Ohio was next with 2215 and Massachusetts fourth with