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Show Utah Commercial Bank Loans Show Activity NEW YORK Fifty per cent of Utah's commercial banks made more than 36.000 loans totaling S48, 000,000 to business firms and individuals throughout the state during the first six months of 1940, according to the semi-annual survey of bank lending activity acti-vity made by the American Bankers Bank-ers Association. The A. B. A. loan survey was participated in by 29 Utah banks, or 50.9 per cent of the 57 commercial com-mercial banks in the state. These 29 banks reported that they made between January li and' June 30. 1910: 24.890 new' loans totaling .$22,096,075: 9 58(3 j renewals of loans totaling S21.-181.507; S21.-181.507; 1,511 new mortgage; loans totaling $5. 277. 60S. The survey showed that bnsi-ru-FS firms in the state used only "5 per cent of the "confirmed .pen lines of credit' maintained f'r their ue on the books 01' anks. Seven banks in tile lar-r . 'Titers of the state report.-! r;..t "'..v ejrrieil on th'i:- 1o;-.s S7.- 217,200 in "open lines of credit" offered to and kept available for regular borrowers for use as needed need-ed by them. Of this amount 53,988,031 or 55.3 per cent was used. The average number of new loans made per bank during the six months period under review was 858 and the average size of loan was $S88. The average number of loans renewed per bank was 331 and the average renewal was for S2.210. The average number of new mortgage loans made per Ijank was 53 and the average new mortgage made was for S3, 4 18. The Utah survey was par! of a national survey of bank lending lend-ing activity made by the American Ameri-can Eankers Association. For the country as a whole d.203 banks, or 43.3 per cent 01 the ration's commercial banks report- |