Show THE WORK OF CREDIT bank shows how it gives needed aid to all classes of prudent borrowers how a bank loan portfolio por irollo presents a graphic cross section picture ot of the business ot of its community Is disclosed by vie he description which a bank recently gave of its loans to customers it revealed also how closely interwoven with its neighbors varied lives are tho the threads of 0 the banks financial help ulness falness this description showed that the bank had made a loan ot of to a local shoo manufacturer to purchase materials discount bills and meet current requirements to a wholesale grocer had bad been advanced tor for the purchase ot of inventory the loan to be repaid over a period 1 in accordance with specified terms set forth the loan terms set forth the loan in agree ment assistance in in personal matters another loan had been made to a home owner to the amount ot of tor for painting and repairing this was made in cooperation with the federal housing administration and was being repaid in twenty four monthly installments of 0 8 0 3 each A dentist had been loaned to purchase new equipment ile he was paying off the debt out ot of hla his professional fess ional earnings as aa they came in to a large domestic refrigerator distributor had been granted on warehouse receipts recel pta to finance dealer shipments A home owner had been granted a mortgage loan to be repaid in three years one thousand dollars had been bean advanced to an office worker on the cash surrender value of his insurance policy to aid him in meeting an all emer it each of 0 these various examples were multiplied many times the result would represent the total volume of credit cooperation which tho the bank was extending to its neighbors in its community for cor aggregate loans to all its customers amounted to more than twelve tall million dollars it if the typical examples here given were multiplied by many millions ot of times limes the result would represent the total economic cooperation which the hanking banking system ot of the country as a whole Is extending to aid the innumerable personal professional industrial and commercial activities which make up the whole business life ot of the nation tho the nationwide total of 0 such loans Is in ill excess of 0 20 billion dollars |