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Savings and Loan Groups Urged to Aid War Effort
Elliott V. Bell, state superintendent of banks, at the 56th NY State League convention urged savings and loan associations to promote new savings and debt repayment. He urged mortgage restructuring, prepayment, and publicity of saving money for housing, with funds mainly in government bonds and lower dividend rates as war-time policy. Bell also urged war damage insurance for mortgage debtors, favoring prepayments and noting housing booms and shortages in boom areas.
MENTIONED IN THIS ARTICLE
Saranac Inn
UPL
Elliott V. Bell
Bank
Savings and Loan Associations
New York State League of Savings and Loan Associations
Bell