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Show Utah Banks Make 42,000 Loans Fifty-seven per cent of the banks in Utah made more than 42,000 loans totaling $57,000,000 to business firms and indwuals throughout the state during the second half of 1940, according to the semi-annual survey of bank lending activities made by the American Bankers Association. The loan survey was participated participat-ed by 33 Utah banks, or 57 per cent of the banks in the state. The survey showed that business bus-iness firms in the state used only 60 per cent of the "confirmed open lines of credid" maintained for their use on the books of banks. A total of eight banks in the larger center of the state reported re-ported that they carried on their books $9,632,100 in ''open lines of credit'' offered to and kept available for regular borrowers for use as needed by them. Of this amount $5,803,713 or 60 3 per cent was used. The average number of new loans made per bank during the six months period under review was 880 and the average size of loan was $1,008. The average number of loans renewed per bank was 346 and the average renewal was for I $1,94 2. The average number of new JmrrtgRee loans made per hank rai 58 and the average 'lew mortrage made was for S'3.237. i |