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Bank Conditions Excellent in State STATE BANKING COMMISSION'S REPORT REVEALS INTERESTING CONDITIONS AND FIGURES. By The Associated Press. FRANKFORT, Ky., July 28.—The total resources in the 474 banks, trust companies and combined banks and trust companies in Kentucky have increased about three million dollars within the last twelve months, H. H. Shanks, of the state banking commission, declared today. He filed a condensed statement as of June 30, 1924, the end of the last fiscal year, with Gov. Fields. The statement showed the resources total $260,394,024.52. "There are $150,000,000 more in resources than in 1912," he said, "and forty million dollars more than double within the last twelve years. "This is due to the fact that there is more money in circulation. Products bring more money. The natural development of business has shown a consistent and steady growth. The increased valuation of farms and other products also have brought about the increased resources." Since Dec. 31, 1922, the total resources of building and loan associations of Kentucky have increased nine million dollars," he said. "Within the last fiscal year, this nine million dollar increase represents a difference in the total resources of 46 and one-half million dollars at the rate of the last call report, and 55 million dollars resources at present," he said For the first time in the history of the state banking commission, he said, the time and saving deposits are more than the demand deposits. The time and saving deposits total $100,445,720.09 while the demand deposits total 96,887,568.57. From the fiscal period, June 30, 1923, to June 30, 1924, there were six banks chartered, he added: The Peoples State Bank, at Campbellsville; Bankers Trust Company, Louisville; Bank of Royalton, Royalton; Letcher State Bank, Whitesburg; Commercial Deposit Bank, Winchester; and the Farmers Bank and Trust Company, at St. Mathews. The following seven banks in that period ceased their corporate existence: Bowling Green, Liberty Trust company, dissolved; Casey Creek, Farmers' Bank, dissolved; Hardyville, Deposit Bank, closed by board of directors; Paducah, Ohio Valley Trust Company, closed by directors. Glendale Banking Company, closed; Fountain Run, Bank of Fountain Run, closed by board of directors; Tolu, Ky., Farmers & Merchants Bank, bank and records destroyed by fire. There are approximately 850,000 checking and saving accounts in the 474 banks, Mr. Shanks said. Ten new building and loan associations in Kentucky have been granted charters in the last fiscal year, he said, two in Louisville,