Financing American Enterprise: The Story of Commercial Banking |
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Page 107
... held less than $ 150 , - 000 each . Two - thirds of all the commercial banks were in towns with 2,500 population or less , and 8,700 were in com- munities with 500 people or less . This enormous growth of small banks in small towns was ...
... held less than $ 150 , - 000 each . Two - thirds of all the commercial banks were in towns with 2,500 population or less , and 8,700 were in com- munities with 500 people or less . This enormous growth of small banks in small towns was ...
Page 122
... held together tenuously by increasing advances from Jay Cooke and Co. , some of which in turn represented lines of credit from the allied national banks . By the end of 1872 , the advances stood close to $ 2 million . The general ...
... held together tenuously by increasing advances from Jay Cooke and Co. , some of which in turn represented lines of credit from the allied national banks . By the end of 1872 , the advances stood close to $ 2 million . The general ...
Page 131
... held about $ 900 million in railroad bonds . Bank loans on collateral of rail securities were about the same magnitude , and bank - administered trust funds held perhaps $ 500 million in rail securities . In the aggregate , these ...
... held about $ 900 million in railroad bonds . Bank loans on collateral of rail securities were about the same magnitude , and bank - administered trust funds held perhaps $ 500 million in rail securities . In the aggregate , these ...
Contents
AMERICAN BANKING BEFORE 1863 | 16 |
ESTABLISHMENT OF THE NATIONAL | 40 |
AMERICAS AGE OF ENTERPRISE | 64 |
Copyright | |
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Financing American Enterprise: The Story of Commercial Banking Paul B. Trescott No preview available - 1982 |
Common terms and phrases
Allan Nevins American banking areas assets auto automobile bank credit bank loans bank-note bank's bankers became bonds boom borrowers branch branch banking Bray Hammond business firms capital cash cent century chartered circulation City Bank commercial banks Congress consumer corporate created currency debt demand depositors depression economy enterprise expanded facilities farm farmers Federal Reserve Act Federal Reserve System finance free banking funds gold growth important income increased increasingly industry inflation instalment institutions interest rates investment J. P. Morgan Jay Cooke labor banks lending major Mellon ment merchants million monetary policy money supply mortgage loans national banking system needed number of banks operations output Pacific panic payments Pennsylvania period postwar President private banks problem production profits purchases rail railroad rise role savings securities sumer tion tional bank total expenditures town Treasury Treasury securities Trust Company United York