Money And Banking
Money And Banking
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In our eReader you can find the full English version of the book. Read Money And Banking 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 Money And Banking
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Government bonds, of course, are the very highest class of collateral, requiring little or no margin, and the securities of most states and municipalities have very high rank as collateral.
135. Call loan rates. — The interest rate on call loans fluctuates considerably from time to time. The rate is made on the Stock Exchange and is determined by the de- mand and supply of loanable funds in the money market.
The prevailing rate on a call loan applies each day until the loan is paid or called. I...f, during the course of a loan, money rates advance, the borrower's rate is *' marked •up"; if, on the other hand, there is a decline in the money rate, the broker gets the benefit of it.
The bulk of call loans in Wall Street are made through ** money brokers," who act as middlemen between lenders and borrowers. There is a regular place in the Stock Exchange for effecting loans, and certain members make this their exclusive business, offering money just like a stock. If a bank finds after the morning exchange at the Clearing House that it has a good balance of cash, it will call one of the money brokers and tell him to lend $500,000 or whatever amount it can loan that day.
What to read after Money And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Holdsworth, John Thom, 1873- to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Government bonds, of course, are the very highest class of collateral, requiring little or no margin, and the securities of most states and municipalities have very high rank as collateral.
135. Call loan rates. — The interest rate on call loans fluctuates considerably from time to time. The rate is made on the Stock Exchange and is determined by the de- mand and supply of loanable funds in the money market.
The prevailing rate on a call loan applies each day until the loan is paid or called. I...f, during the course of a loan, money rates advance, the borrower's rate is *' marked •up"; if, on the other hand, there is a decline in the money rate, the broker gets the benefit of it.
The bulk of call loans in Wall Street are made through ** money brokers," who act as middlemen between lenders and borrowers. There is a regular place in the Stock Exchange for effecting loans, and certain members make this their exclusive business, offering money just like a stock. If a bank finds after the morning exchange at the Clearing House that it has a good balance of cash, it will call one of the money brokers and tell him to lend $500,000 or whatever amount it can loan that day.
What to read after Money And Banking?
You can find similar books in the "Read Also" column, or choose other free books by Holdsworth, John Thom, 1873- to read onlineMoreLess
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