Bank Acceptances |
From inside the book
Results 1-5 of 15
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... cost of the accommoda- tion to the customer is this commission plus the prevailing rate of discount for bankers ' bills . In the United States the national bank act does not permit banks to accept time bills drawn on them . Although the ...
... cost of the accommoda- tion to the customer is this commission plus the prevailing rate of discount for bankers ' bills . In the United States the national bank act does not permit banks to accept time bills drawn on them . Although the ...
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... discount market ; it is the lack of it in single - name paper which makes such a market impossible . As a result , we have great discount markets in London , Paris , and Berlin , and none in New York . European centers the discount rate ...
... discount market ; it is the lack of it in single - name paper which makes such a market impossible . As a result , we have great discount markets in London , Paris , and Berlin , and none in New York . European centers the discount rate ...
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... discount except at advanced rates . If trade is slack , less accommodation from bankers in the way of acceptances is required , bills become fewer in number , the competition for them in the discount market more keen , and the rate of ...
... discount except at advanced rates . If trade is slack , less accommodation from bankers in the way of acceptances is required , bills become fewer in number , the competition for them in the discount market more keen , and the rate of ...
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... discount rates are steady because there is a free movement of funds between ... rate is higher than that of Paris , the movement will be accentuated by the ... discount rate is higher than that of London , there will be a natural offset ...
... discount rates are steady because there is a free movement of funds between ... rate is higher than that of Paris , the movement will be accentuated by the ... discount rate is higher than that of London , there will be a natural offset ...
Page 8
... discount rate should rule somewhat lower than that of Amsterdam is accordingly natural . Sterling bills , moreover ... discount rate is slightly higher . There are likewise two principal reasons for the instability of the money rate in ...
... discount rate should rule somewhat lower than that of Amsterdam is accordingly natural . Sterling bills , moreover ... discount rate is slightly higher . There are likewise two principal reasons for the instability of the money rate in ...
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Common terms and phrases
234 per cent 61ST CONGRESS accept time bills Acceptances By LAWRENCE accepted by prime accepting bank Aldrich balance of indebtedness bank deposits Bank of England bank to accept bank-accepted bills banking system banks and bankers banks are forced bills drawn bills in London bills of exchange call rate central bank commercial paper competition country bank day-to-day loans desire to realize development of banking difference between European discount rate rises English bank EUGENE HALE European discount rate financial centers fluctuations Foreign discount rates funds to London Government HERNANDO D investment in sterling LAWRENCE MERTON JACOBS London bank London for investment London in settlement ment MERTON JACOBS Washington national bank act NATIONAL MONETARY COMMISSION NELSON W Paris discount rate permit bank acceptances PIATT ANDREW pounds sterling prohibition of bank promissory notes purchases rediscount reserve shipper speculation sterling bills supply of bills tion transaction uniformity of security York banks York call-loan rate
Popular passages
Page 9 - is, a rate which fluctuates with the value of money and normally leaves a certain margin of profit to the London bank. The same practice is followed in all the great financial centers of Europe. With us, country banks receive a fixed rate of interest for their deposits, usually 2 per cent, the year
Page 7 - the rating of the mercantile agencies, or the opinion of some correspondent bank. It means, furthermore, the tying up of the bank's funds for a fixed period. If national banks were permitted to accept time bills the country bank could then invest its funds in paper bearing the guaranty of some great bank with whose standing it
Page 1 - not suitable. Foreign banks will not purchase it because they are not ,/^*' acquainted with or sure of the rating of miscellaneous mercantile establishments and because such paper could not be readily disposed of in case it became necessary or profitable to withdraw funds from New York for remittance elsewhere.