Modern Banking

accepting bank amount arising assets balances bank credit bank deposits bank loans bank notes bank reserves bankers banking system bills of exchange Board of Governors bonds borrower branch banking buyer capital and surplus cash reserves cent central bank chartered checks circulation city banks city correspondents clearing house collateral collection commercial banks commercial paper country banks currency customers demand deposits depositors discount earnings eligible paper excess expansion exporter Federal Reserve Act Federal reserve banks Federal Reserve Board Federal reserve notes Federal Reserve System finance funds gold guaranty important increase indorsement June legal reserve lending letter of credit liabilities liquidity loans and investments loss maturity member banks ment money market national banks note issue obligations open market open market operations operations payable payment purchase real estate loans regulations reserve cities reserve requirements savings banks secondary reserves securities self-liquidating short-time stockholders tion trade acceptances United York