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Banking and Business Ethics

Walter E. Borden
4.9/5 (34522 ratings)
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Description:This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...is in turn protected by a like amount of "United States bonds" deposited in the United States Treasury by the bank. Consequently, even if a national bank should fail, its circulating notes would be paid by the government. g) Bills payable secured by Liberty Bonds. Bills payable secured by Liberty Bonds are money which the bank itself has borrowed, either from some of its corresponding banks or from the Federal Reserve Bank--in all probability to accommodate customers who have engaged themselves to buy bonds. h) Deposits. Deposits are moneys which have been left with the bank by the public as a convenience and for safe-keeping. They are the real debts of the bank--debts which it is called upon by depositors to pay every day, in part. The item "Deposits," however, is the item which every bank strives to increase, for it is upon these deposits that it makes its money. If they are large, and loans are safely made, the bank will prosper in proportion; hence, while they are debts, there is great strength in them. The experienced banker knows what proportion of them must be retained in cash in order to meet the daily demands from depositors, as explained elsewhere in this book. The items given above are all the debts the bank owes. PROTECTION OF DEPOSITORS AND STOCKHOLDERS 97. In case of a panic. But let us suppose that there is an unusual demand from depositors; let us suppose, even, that they have become panicstricken, and that a great majority, or even all of them, demand their money. What means would a bank like the National Capital Bank (in the table) take to meet the situation? As shown by the statement, the bank has on deposit $2,420,458.44. All of this sum, we will suppose, it would have to pay. It would first...We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Banking and Business Ethics. To get started finding Banking and Business Ethics, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
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PDF, EPUB & Kindle Edition
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ISBN
1230442545

Banking and Business Ethics

Walter E. Borden
4.4/5 (1290744 ratings)
Read Now Download now ⏭ listen AudioBook
Description: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1921 edition. Excerpt: ...is in turn protected by a like amount of "United States bonds" deposited in the United States Treasury by the bank. Consequently, even if a national bank should fail, its circulating notes would be paid by the government. g) Bills payable secured by Liberty Bonds. Bills payable secured by Liberty Bonds are money which the bank itself has borrowed, either from some of its corresponding banks or from the Federal Reserve Bank--in all probability to accommodate customers who have engaged themselves to buy bonds. h) Deposits. Deposits are moneys which have been left with the bank by the public as a convenience and for safe-keeping. They are the real debts of the bank--debts which it is called upon by depositors to pay every day, in part. The item "Deposits," however, is the item which every bank strives to increase, for it is upon these deposits that it makes its money. If they are large, and loans are safely made, the bank will prosper in proportion; hence, while they are debts, there is great strength in them. The experienced banker knows what proportion of them must be retained in cash in order to meet the daily demands from depositors, as explained elsewhere in this book. The items given above are all the debts the bank owes. PROTECTION OF DEPOSITORS AND STOCKHOLDERS 97. In case of a panic. But let us suppose that there is an unusual demand from depositors; let us suppose, even, that they have become panicstricken, and that a great majority, or even all of them, demand their money. What means would a bank like the National Capital Bank (in the table) take to meet the situation? As shown by the statement, the bank has on deposit $2,420,458.44. All of this sum, we will suppose, it would have to pay. It would first...We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Banking and Business Ethics. To get started finding Banking and Business Ethics, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
—
Format
PDF, EPUB & Kindle Edition
Publisher
—
Release
—
ISBN
1230442545

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