Show Salt Away Special to Clipper Money in circulation an anim- anim im important indicator of business I activity has been on the Increase in increase increase In- In I crease In Davis County ACCORDING to a new government government government gov gov- report the amount of money in active circulation at atthe atthe atthe the close of the past fiscal year was at a high level local local- ly How much It amounted to is indicated very closely by the total on deposit in local banks and by the flow now of that money as it was put back into the economic stream THIS RE circulation took the form of loans to business firms for expansion and for other purposes to individuals for the purchase or improvement of their homes to automobile buyers buyers buyers buy buy- ers to farmers and to others The findings just released by the Federal Deposit Insurance Insurance Insurance ance Corporation show ho how hoV V much was on deposit locally as well as in all other areas of the countr country at the end of the year LISTED ON deposit In Davis County's banks as of ot that date was a grand total of This compares with the total recorded two years earlier when survey was made by the Federal Reserve System Included In this total were the checking accounts of In Individuals indI individuals in- in dI partner partnerships s hip san and d corporations which amounted to and in savings accounts and 0 other the r time deposits The rest was In and government ac ac- ac counts I IT WAS equivalent to for tor every man woman and child in area This compares with two years ago Also in use locally was an I additional amount of currency small by comparison in peoples people's peoples people's peoples people's peo peo- ples pockets and in the safes and cash registers of business establishments THE REPORT shows that the amount of money being put Into savings has been increasing I n g rapidly That has been the trend of late in many parts of the country The governments government's figures in indicate indicate indicate in- in that the American people people people peo peo- salted away about five per percent percent percent cent of their income about 27 billion during 1966 Now they are putting it away at the rate of 34 billion a year or nearly six and on half one half per cent of Income MOST PEOPLE as a result are In a sounder financial position position position tion than they were a year ago They have more money In tn the bank and a smaller amount of installment debt |