Financing American Enterprise: The Story of Commercial Banking |
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Page 131
The Story of Commercial Banking Paul B. Trescott. 1912 included holdings of twenty - six rail firms totaling about $ 18 million , and including million - plus holdings of Santa Fe , Chesapeake and Ohio , Detroit Terminal , Florida East ...
The Story of Commercial Banking Paul B. Trescott. 1912 included holdings of twenty - six rail firms totaling about $ 18 million , and including million - plus holdings of Santa Fe , Chesapeake and Ohio , Detroit Terminal , Florida East ...
Page 199
... holdings of bonds . Although the limelight was on stocks , the period of the twenties also gave rise to a substantial boom in bond issues . State and local government issues came on the market in large volume , many of them for ...
... holdings of bonds . Although the limelight was on stocks , the period of the twenties also gave rise to a substantial boom in bond issues . State and local government issues came on the market in large volume , many of them for ...
Page 214
... holdings of Treasury securities . This action had far - reaching con- sequences , for Reserve bank purchases were made with " high - powered dollars " which increased the reserves of the commercial banks , and enabled them to extend ...
... holdings of Treasury securities . This action had far - reaching con- sequences , for Reserve bank purchases were made with " high - powered dollars " which increased the reserves of the commercial banks , and enabled them to extend ...
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