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Show Deseret Federal Savings and Loan Association Congress created the Federal Savings and Loan Association. After exhaustive study it was found that the Mutual Savings Bank of New York, The Cooperative Coopera-tive Savings Bank in Massachu-settes, Massachu-settes, and Foreign Savings Societies So-cieties provided the finest type of institutions' that could possible pos-sible be devised and thereby set up the Federal Savings and Loan Association, which is chartered and supervised by the U. S. Government. Gov-ernment. .A short time later an act was passed insuring individual accounts ac-counts of these institutions up to S5.000.UO in a manner similar to the insurance of commercial bank deposits. The agency provided for this insurance was the Federal Savings and Loan Insurance Corporation Cor-poration which is an agency of the U. S. Government Large or small sums of money can be invested iin the account of the Deseret Federal Savings and Loan Association of Salt Lake. If you are looking for dependable income, also absolute insurance o the safety of the principal few institutions of the investment invest-ment set can compare with this firm. Money so received is loaned otit in the community for oon-sti-uciotn of nomes on a fair and reasonable basis. Small monthly repayment covering principal, intetest, taxes and insurance are made. The Deseret Feieral Savings and Loan Association located in Salt Lake has loaned approximately approxi-mately $10,000,000.00 in the state .of Utah since 1906. For the past 35 years, thousands of thrifty Utahns have received their share of S2,000.000.00 paid in dividends. Remarkable is the fact that not once in the history of this corporation cor-poration has .there been a year when dividends were not paid. This writer wishes to pay tribute trib-ute to Mr. Nephi L. Morris, president, presi-dent, and Mr. Joseph E. Kjar vice president and secretary, fo-their fo-their splendid work in captaining this large institution in such a splendid fashion |