Banking Practice And Foreign Exchange
Banking Practice And Foreign Exchange
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In our eReader you can find the full English version of the book. Read Banking Practice And Foreign Exchange Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Banking Practice And Foreign Exchange
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As the obligations of the banks are largely payable on demand, it is necessary that the securities it holds should be readily con- vertible into money ; and while a mortgage upon real estate may be good security, it cannot be made immediately available, in case of an emergency. Personal securities of the kind usually taken by banks can be quickly assigned, and promptly realized upon; but the transfer of any interest in real estate is always attended with more or less delay. It has not infrequen...tly been the case that banks have been compelled to suspend when their assets were more than sufficient to pay their debts, simply be- cause a large portion of the assets were real estate securities, upon which it was impossible to realize at the proper time. In the case of insurance companies, trust companies, savings banks, and similar corporations there is not the same necessity for hav- ing the assets in a convertible form, but it is rather desirable that a large portion of the investments shall be of a more or less permanent character; and, therefore, real estate loans are well adapted to their purpose.
What to read after Banking Practice And Foreign Exchange?
You can find similar books in the "Read Also" column, or choose other free books by Howard Mcnayr Jefferson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
As the obligations of the banks are largely payable on demand, it is necessary that the securities it holds should be readily con- vertible into money ; and while a mortgage upon real estate may be good security, it cannot be made immediately available, in case of an emergency. Personal securities of the kind usually taken by banks can be quickly assigned, and promptly realized upon; but the transfer of any interest in real estate is always attended with more or less delay. It has not infrequen...tly been the case that banks have been compelled to suspend when their assets were more than sufficient to pay their debts, simply be- cause a large portion of the assets were real estate securities, upon which it was impossible to realize at the proper time. In the case of insurance companies, trust companies, savings banks, and similar corporations there is not the same necessity for hav- ing the assets in a convertible form, but it is rather desirable that a large portion of the investments shall be of a more or less permanent character; and, therefore, real estate loans are well adapted to their purpose.
What to read after Banking Practice And Foreign Exchange?
You can find similar books in the "Read Also" column, or choose other free books by Howard Mcnayr Jefferson to read onlineMoreLess
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