Bank AcceptancesU.S. Government Printing Office, 1910 - 20 páginas |
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Página 9
... profitable to withdraw funds from New York for remit- tance elsewhere . The weakness of our banking system as compared with the systems of Europe may very certainly be attributed in part to the omission of the bank act to permit bank ...
... profitable to withdraw funds from New York for remit- tance elsewhere . The weakness of our banking system as compared with the systems of Europe may very certainly be attributed in part to the omission of the bank act to permit bank ...
Página 14
... profitable . If , in an effort to safeguard themselves against a loss in exchange , they cal- culate on too low a rate for the ultimate conversion of their sterling into dollars , their prices become unfavorable compared to those made ...
... profitable . If , in an effort to safeguard themselves against a loss in exchange , they cal- culate on too low a rate for the ultimate conversion of their sterling into dollars , their prices become unfavorable compared to those made ...
Página 16
... profitable business had arisen in which to employ its funds or that it was desirous of increasing its reserve . Since the reserves of interior banks are so largely con- centrated with them and it is essential that they keep their assets ...
... profitable business had arisen in which to employ its funds or that it was desirous of increasing its reserve . Since the reserves of interior banks are so largely con- centrated with them and it is essential that they keep their assets ...
Página 16
... profitable business had arisen in which to employ its funds or that it was desirous of increasing its reserve . Since the reserves of interior banks are so largely con- centrated with them and it is essential that they keep their assets ...
... profitable business had arisen in which to employ its funds or that it was desirous of increasing its reserve . Since the reserves of interior banks are so largely con- centrated with them and it is essential that they keep their assets ...
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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.