Bank AcceptancesU.S. Government Printing Office, 1910 - 20 páginas |
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... discount market ; it is the lack of it in single - name paper which makes such a market impossible . As a result , we have great discount markets in London , Paris , and Berlin , and none in New York . European centers the discount rate ...
... discount market ; it is the lack of it in single - name paper which makes such a market impossible . As a result , we have great discount markets in London , Paris , and Berlin , and none in New York . European centers the discount rate ...
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... discount market more keen , and the rate of discount de- clines . Low rates are an incentive to business and advanc- ing rates act as a natural check . The New York call - loan rate , on the other hand , bears only an indirect relation ...
... discount market more keen , and the rate of discount de- clines . Low rates are an incentive to business and advanc- ing rates act as a natural check . The New York call - loan rate , on the other hand , bears only an indirect relation ...
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... discount rates are steady because there is a free movement of funds between the countries possessing great discount markets . Between London and Paris money flows as the balance of indebtedness changes , modified by the discount rates ...
... discount rates are steady because there is a free movement of funds between the countries possessing great discount markets . Between London and Paris money flows as the balance of indebtedness changes , modified by the discount rates ...
Página 8
... discount rate should rule somewhat lower than that of Amsterdam is accordingly natural . Sterling bills , moreover , are favored above German bills because London possesses a freer market for gold than does Berlin — that is , a holder ...
... discount rate should rule somewhat lower than that of Amsterdam is accordingly natural . Sterling bills , moreover , are favored above German bills because London possesses a freer market for gold than does Berlin — that is , a holder ...
Página 5
... discount market ; it is the lack of it in single - name paper which makes such a market impossible . As a result , we have great discount markets in London , Paris , and Berlin , and none in New York . In European centers the discount ...
... discount market ; it is the lack of it in single - name paper which makes such a market impossible . As a result , we have great discount markets in London , Paris , and Berlin , and none in New York . In European centers the discount ...
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Términos y frases comunes
234 per cent 61ST CONGRESS accept time bills Acceptances By LAWRENCE accepted by prime accepting bank Aldrich balance of indebtedness bank deposits Bank of England bank to accept bank-accepted bills banking system banks and bankers banks are forced bills drawn bills in London bills of exchange call rate central bank commercial paper competition country bank day-to-day loans desire to realize development of banking difference between European discount rate rises English bank EUGENE HALE European discount rate financial centers fluctuations Foreign discount rates funds to London Government HERNANDO D investment in sterling LAWRENCE MERTON JACOBS London bank London for investment London in settlement ment MERTON JACOBS Washington national bank act NATIONAL MONETARY COMMISSION NELSON W Paris discount rate permit bank acceptances PIATT ANDREW pounds sterling prohibition of bank promissory notes purchases rediscount reserve shipper speculation sterling bills supply of bills tion transaction uniformity of security York banks York call-loan rate
Pasajes populares
Página 9 - is, a rate which fluctuates with the value of money and normally leaves a certain margin of profit to the London bank. The same practice is followed in all the great financial centers of Europe. With us, country banks receive a fixed rate of interest for their deposits, usually 2 per cent, the year
Página 7 - the rating of the mercantile agencies, or the opinion of some correspondent bank. It means, furthermore, the tying up of the bank's funds for a fixed period. If national banks were permitted to accept time bills the country bank could then invest its funds in paper bearing the guaranty of some great bank with whose standing it
Página 1 - not suitable. Foreign banks will not purchase it because they are not ,/^*' acquainted with or sure of the rating of miscellaneous mercantile establishments and because such paper could not be readily disposed of in case it became necessary or profitable to withdraw funds from New York for remittance elsewhere.