Services Performed By Banking Institutions
From the point of view of their customers these services may be grouped under the following heads: The safekeeping of money and other valuables; the making of payments; the making of loans; and the making of investments. It is a common practice ever... Some Defects In Our Investment Banking Machinery
A comparison of our investment banking machinery with that of European countries, especially Germany, reveals important differences. Among these the most notable are the wide use there and the almost complete absence here of the following: (a) the r... State Banks
From the very beginning of our national history institutions enjoying, among others, the privilege of commercial banking have been chartered by our states. For several years after the adoption of our constitution it remained an open question whether... State Banks And Trust Companies Since The Passage Of The National Bank Act
[140]The banking institutions of the United States other than national banks are ordinarily classified into (a) state banks, (b) trust companies, (c) stock savings banks, (d) mutual savings banks, and (e) private banks. The following pages deal wi... Stock Exchanges
An essential part of the machinery of investment banking is the stock exchange. This is a place where the buyers and sellers of securities or their agents regularly meet for the transaction of business. It may be a portion of a street or a market pl... The Canadian Banking System
[147]Financially, Canada is part of the United States. Fully half the gold reserve upon which its credit system is based is lodged in the vaults of the New York Clearing House. In any emergency requiring additional capital Montreal, Toronto, and W... The Canadian System
In important respects the Canadian banking system differs from those of the European countries which have been described and from that of the United States. It consists of a varying number of relatively large institutions, each with several offices ... The Concentration Of Control Of Money And Credit
HAVE WE A MONEY TRUST? [227]If by a "money trust" is meant-- An established and well-defined identity and community of interest between a few leaders of finance which has been created and is held together through stock holdings... The Conduct Of Checking Accounts
A checking account is an ordinary book account on which are credited the cash deposited by a customer and the proceeds of collections, loans, and discounts made on his behalf, and on which are debited payments made to him in cash or on his behalf to... The Early Events Of The European War In Relation To Money Banking And Finance
AMERICAN FINANCE AND THE EUROPEAN WAR [313]During the half-century that has elapsed since the Civil War, there has probably been no period of six months within which there have occurred transformations of so far-reaching a nature in American ban... The Early History Of Money
[3]Living in civilized communities, and accustomed to the use of coined metallic money, we learn to identify money with gold and silver; hence spring hurtful and insidious fallacies. It is always useful, therefore, to be reminded of the truth, so we... The Economic Functions Of Banks
Viewed from the standpoint of the nation rather than from that of individuals, the functions of banks may be described as those of intermediaries in exchanges and in the investment of capital. In the former capacity they supply the world with the ma... The English Banking System
FOUNDATION AND GROWTH OF THE BANK OF ENGLAND [150]About the year 1691 the Government of William and Mary experienced considerable difficulty in raising the necessary funds to prosecute the war with France; but "the hour brings the man." The man ... The English System
In the English system, the central bank is the Bank of England, with the possible exception of a few private banks, the oldest financial institution in the country. It is privately owned and privately governed. Its board of directors, chosen by the ... The Federal Reserve System
THE FEDERAL RESERVE ACT[287] THE SPIRIT AND OBJECTS OF THE ACT The primary purpose of the Federal Reserve Act of December 23, 1913, is to make certain that there will always be an available supply of money and credit in this country with wh...

Operation Of The System Land Banks Collections Services Performed By Banking Institutions Commercial Paper Foreign Exchange Classification Of Banking Institutions State Banks

The Selection Of Loans And Discounts Trust Companies The Supply Of Cash The Operation Of Discount The Interrelations Of These Institutions The English System The German System The Conduct Of Checking Accounts