Money And Banking a Discussion of the Principles of Money And Credit With Desc
Money And Banking a Discussion of the Principles of Money And Credit With Desc
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Conditions under which they are good banking loans. Loans of this character, if they are obligations of active and capable men, and especially if payable on demand and secured by well-distributed and properly margined collaterals possessing a broad market, are an excellent investment for a portion of the funds of a bank. However, when money is redundant such loans at times yield a lower rate of interest return than the rate paid by banks in reserve and central reserve cities upon the daily bala...nces of their out-of-town correspond- ents. In recent years the rates upon such loans have ranged from 1% to 2 per cent for several consecutive months. In times of great financial stringency reali- zation upon such loans is often exceedingly difficult. The bank having loans secured by a large line of certain securities may hesitate to force their sale, fearing to break the market and thus reduce the market value of similar securities on other loans or injure the market price of securities belonging to their friends and business associates; but we are compelled to recognize the fact that under our system of a bond-secured, non-elastic currency, with its well-known central reserve city and reserve city features, call-loans upon stock exchange collateral afford a reasonably safe and exceedingly con- venient method of utilizing that portion of the loanable funds of an active bank in a financial center which is not employed in caring for the requirements of its borrow- ing dealers.
What to read after Money And Banking a Discussion of the Principles of Money And Credit With Desc?
You can find similar books in the "Read Also" column, or choose other free books by Earl Dean Howard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Conditions under which they are good banking loans. Loans of this character, if they are obligations of active and capable men, and especially if payable on demand and secured by well-distributed and properly margined collaterals possessing a broad market, are an excellent investment for a portion of the funds of a bank. However, when money is redundant such loans at times yield a lower rate of interest return than the rate paid by banks in reserve and central reserve cities upon the daily bala...nces of their out-of-town correspond- ents. In recent years the rates upon such loans have ranged from 1% to 2 per cent for several consecutive months. In times of great financial stringency reali- zation upon such loans is often exceedingly difficult. The bank having loans secured by a large line of certain securities may hesitate to force their sale, fearing to break the market and thus reduce the market value of similar securities on other loans or injure the market price of securities belonging to their friends and business associates; but we are compelled to recognize the fact that under our system of a bond-secured, non-elastic currency, with its well-known central reserve city and reserve city features, call-loans upon stock exchange collateral afford a reasonably safe and exceedingly con- venient method of utilizing that portion of the loanable funds of an active bank in a financial center which is not employed in caring for the requirements of its borrow- ing dealers.
What to read after Money And Banking a Discussion of the Principles of Money And Credit With Desc?
You can find similar books in the "Read Also" column, or choose other free books by Earl Dean Howard to read onlineMoreLess
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