The French Banking System
THE BANK OF FRANCE [165]The Bank of France was established in the year 1800, and was at first an entirely private concern, with a capital of $6,000,000. Among the first subscribers were Napoleon Bonaparte, Hortense Beauharnais, and bearers of n... The French System
In France, the Bank of France is the central institution. It is the oldest of the important French banks of the present day, having been established in 1800 by Napoleon the First. Its capital, amounting at the present time to 182,500,000 francs, or ... The German Banking System
BANKING ARRANGEMENTS IN GERMANY [184]Various systems can be adopted in the banking profession for the transaction of business. The most lucrative method, at all events the one in which the power of large capital is most effectively turned to ac... The German System
The Imperial Bank, with head offices in Berlin, and about one hundred branches and more than four hundred sub-branches scattered throughout the country, plays essentially the same role in the German banking system that the Bank of England and the Ba... The Gold Exchange Standard
It is an essential feature of the gold exchange standard as it exists in the Philippines, for example, that premiums charged by the Government in Manila for exchange on New York, and in New York for exchange on Manila are fixed a... The Greenbacks
THE GREENBACK ISSUES [8]The greenbacks were an outgrowth of the Civil War. Soon after the opening of the struggle the Secretary of the Treasury negotiated a loan of $150,000,000 with Eastern banks. Partly because of Confederate successes and pa... The Independent Treasury System
While not a banking institution, the Treasury of the United States handles its funds in such a manner and performs such functions with reference to the currency that it has become an important part of the banking system of the country. Previous t... The Interrelations Of These Institutions
Under the operation of the national banking act, New York, Chicago, and St. Louis have been designated as central reserve, and forty-seven other cities as reserve cities. The national banks in these reserve cities act as reserve agents for national ... The Issue Of Notes
As an alternative for or a supplement to the conduct of checking accounts a commercial bank may issue its promissory notes payable to bearer on demand. By the issue of notes is meant their transfer to customers in exchange for cash, for checks left ... The Nature And Functions Of Trust Companies
[91]The trust company supplements the bank. Through a long process of evolution the bank has developed as a means of facilitating the exchange of commodities. The trust company is a still further step in the same process, and, in a highly organized ... The Nature Functions And Classification Of Banking Institutions
The terms, "bank" and "banking," are applied to institutions and to businesses which differ considerably in character, functions, and methods, but which nevertheless have certain common features which justify their being grouped together. We can b... The Operation Of Discount
Every person in this chain of credit is confronted with the problem of paying his debts as they mature by the use of the amounts due him from other people. Since it is rarely possible to arrange maturities on both sides in such a way that the amount... The Origin And Functions Of Money
[1]In order to understand the manifold functions of a Circulating Medium, there is no better way than to consider what are the principal inconveniences which we should experience if we had not such a medium. The first and most obvious would be the w... The Scotch Banks
[158]The functions performed by the eight Scotch banks and their 1,245 branches[159] are essentially similar to those already described as being carried out by their English brethren. The differences between the currency systems of the two countri... The Selection Of Loans And Discounts
The problem of the reserves is vitally connected with that of the selection of loans and discounts. As was shown in the preceding chapter, the chief business of a commercial bank is to conduct exchanges by a process of bookkeeping between individual...

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