The most noteworthy features of the working of this machinery may be discussed under the heads: conflict of functions and laws; loan operations; treasury operations; reserve system...
In Europe an important group of institutions has developed for the supplying of agriculture and the building industries with the capital needed in their operations. The greatest nu...
One of the most important functions of commercial banks is the collection for their customers of checks and drafts drawn on other institutions. When these documents are received, t...
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...
By commercial paper is meant the credit instruments or documents which the credit system now in general use throughout the commercial world regularly brings into existence and liqu...
The business relations between banks located in different countries do not differ in any essential respect from those between banks located in the same country. Interchange of chec...
Banks differ from one another chiefly in the nature and degree of their specialization, in legal status, and in the place they occupy in the system to which they belong. Some 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 accounts of a bank with its correspondents are a record of the transactions of its customers with the outside world, the checks they receive as a result of sales to outsiders o...
Besides rates of exchange considered in the preceding chapter, commercial banks are concerned with loan and discount rates. Rates on deposits, though sometimes employed, have no pl...
From the point of view of adequacy and economy of service, two types of banking systems require attention; namely, that characterized by a large number of relatively small local in...
The central banks differ considerably in organization and business methods, but perform essentially the same functions; that is, they act as financial agents for their respective g...
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 c...
On account of the defects in our system of banking, there has been long-continued agitation for reform, increasing in scope and intensity in recent years. After the crisis of 1907,...
Our national banking system owes its existence to financial exigencies of the federal government experienced during the Civil War. For a considerable period preceding the outbreak...
Saving is an individual matter for which the essential conditions are the development of the instinct to make provision against uncertainties of future income and to better the mat...
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 varyin...
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....
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 t...
A large part of the business of investment banking in the United States is conducted by corporations and firms organized for the purpose of buying and selling investment securities...
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...
Commercial banks are an essential part of the machinery by which the agriculture, industry, and commerce of a country are carried on, and their proper conduct is, therefore, a matt...
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 mea...
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...
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...
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 tr...
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...
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...
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 natio...
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 possi...