Money and Banking: An Introduction to the Financial System |
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Page 86
An Introduction to the Financial System William Howard Steiner. of all commercial banks but hold about 55 percent of all deposits . All national banks are required to be members of the Federal Re- serve System ; state banks may join ...
An Introduction to the Financial System William Howard Steiner. of all commercial banks but hold about 55 percent of all deposits . All national banks are required to be members of the Federal Re- serve System ; state banks may join ...
Page 340
... banks can be decreased if the Treasury builds up its balances with the Reserve banks by depositing checks of individuals directly with the Reserve banks and / or drawing down its accounts with commercial banks . Conversely , the ...
... banks can be decreased if the Treasury builds up its balances with the Reserve banks by depositing checks of individuals directly with the Reserve banks and / or drawing down its accounts with commercial banks . Conversely , the ...
Page 349
... banks until the securities are redeemed or until they are sold outside the commercial banking system . Sales to the Reserve banks . When the Treasury sells securities directly to the Reserve banks , its deposits with the latter increase ...
... banks until the securities are redeemed or until they are sold outside the commercial banking system . Sales to the Reserve banks . When the Treasury sells securities directly to the Reserve banks , its deposits with the latter increase ...
Contents
Money and Economic Activity | 3 |
Monetary Systems | 25 |
The American Monetary System | 40 |
Copyright | |
27 other sections not shown
Common terms and phrases
amount assets bank's bankers banking system billion bills Board of Governors borrowing branch banking cash central bank changes Chaps checks circulation commercial banks commodity consumption Corporation debt demand deposits deposit account depositors discount dollar economic activity effect equilibrium excess reserves exchange rates expansion expenditures exports factors Federal Reserve Act Federal Reserve banks Federal Reserve notes Federal Reserve System finance foreign exchange funds gold standard government securities hold important increase inflation institutions interest rates issues lending level of income liabilities liquidity loans and investments member bank reserve ment monetary policy monetary stock money market national bank open-market operations output payments percent period price level production propensity to consume purchases quantity theory rate of interest reduce Reserve authorities reserve balances reserve position reserve requirements rise savings short-term silver stability stock of money supply tion trade transactions Treasury currency volume York