Bank Acceptances |
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... principal reasons for the stability of for- eign discount rates . In the first place , trade expands and contracts gradually , so trade bills multiply or diminish in number little by little , producing a gradual increase or 6 National ...
... principal reasons for the stability of for- eign discount rates . In the first place , trade expands and contracts gradually , so trade bills multiply or diminish in number little by little , producing a gradual increase or 6 National ...
Page 8
... principal reasons for the instability of the money rate in New York . The first is that the demand for loans for the purpose of speculative operations in stocks does not increase gradually . A few weeks at most are sufficient for a ...
... principal reasons for the instability of the money rate in New York . The first is that the demand for loans for the purpose of speculative operations in stocks does not increase gradually . A few weeks at most are sufficient for a ...
Page 6
... principal reasons for the stability of for- eign discount rates . In the first place , trade expands and contracts gradually , so trade bills multiply or diminish in you are making con imprope спырынцы number little by little ...
... principal reasons for the stability of for- eign discount rates . In the first place , trade expands and contracts gradually , so trade bills multiply or diminish in you are making con imprope спырынцы number little by little ...
Page 8
... principal reasons for the insta- bility of the money rate in New York . The first is that the demand for loans for the purpose of speculative opera- tions in stocks does not increase gradually . A few weeks at most are sufficient for a ...
... principal reasons for the insta- bility of the money rate in New York . The first is that the demand for loans for the purpose of speculative opera- tions in stocks does not increase gradually . A few weeks at most are sufficient for a ...
Page 15
... principal ways in which a country bank may render its surplus funds productive . It may deposit them with its reserve agent . This means a low interest return , too low in fact to permit of only a relatively small amount being thus ...
... principal ways in which a country bank may render its surplus funds productive . It may deposit them with its reserve agent . This means a low interest return , too low in fact to permit of only a relatively small amount being thus ...
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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.