Financing American Enterprise: The Story of Commercial Banking |
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Page 134
... meet their credit needs without difficulty . In the early 1870's , they were sub- stantial borrowers from the Exchange National Bank of Pittsburgh . During the 1860's , the iron trade was increasingly stirred by the reports of Henry ...
... meet their credit needs without difficulty . In the early 1870's , they were sub- stantial borrowers from the Exchange National Bank of Pittsburgh . During the 1860's , the iron trade was increasingly stirred by the reports of Henry ...
Page 160
... meet it by selling more commercial paper to the Federal Reserve . This was certainly well designed to meet two of the un- desirable inelasticities of existing currency . It would adapt much better to seasonal variations , and could keep ...
... meet it by selling more commercial paper to the Federal Reserve . This was certainly well designed to meet two of the un- desirable inelasticities of existing currency . It would adapt much better to seasonal variations , and could keep ...
Page 205
... meet demands for cash more easily without putting so much pressure on borrowers . In 1932 , Congress liberated the Federal Reserve from some of the perverse restraints on lending to member banks and issuing currency . At the same time ...
... meet demands for cash more easily without putting so much pressure on borrowers . In 1932 , Congress liberated the Federal Reserve from some of the perverse restraints on lending to member banks and issuing currency . At the same time ...
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