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Show Utah. Bank Assets Increase 10 Per Cent Aggregate resources of the insured in-sured commercial banks in the State of Utah stood at $154,064,000 on DecoTObcr 31, acc.ooxUns to an abptrfvet of ther cflnjiltipja released, today by the Federal DcRoslt Jn-suiunce Jn-suiunce Corporation to Allan T. Sanford, State Director cf National Emergency Council. Assets in this amount represented an increase of 10.3 per cent over the figure shown on December 31, 1P34. Of the assets reported at the end of 1935, $55,627,000 were being held in cash, as cash items in process, pro-cess, of collection or as balances with other banks. $9,402,000 was shown to be invested in! secur ties fully guaranteed by the United .States Government and $22,581,000 in United States obligations. Holdings of other bonds, stocks, and securities by the insured commercial com-mercial institutions cf Utah dropped dropp-ed from $20,647,000 to $17,978,000 in the inter m between December 31, 1934 and the same date In 1935. In the same period loans and dipcctmts rose from $38,589,000 to $44,395,000. Total deposits were $136,273,000, an Increase cf 13.7 per cent during the oar. Ori December 31, 1935, demand deposits were $63,228,000 and t me de-yvit.s $52,124,000. Nationwide, total assets of insured in-sured commercial banks increased by ten per cent in the twelve months and were $51,000,000,000 on December 31, 1935. The 14.121 in-oued in-oued banks in the country for which figures were tabulated hold 98 p:T cent of the total commercial commerc-ial bank assets. |
