Publisher's Synopsis
Excerpt from Loans and Investments
Chic?y engaged in the business of lending money, but at a matter of fact money loans make up a small part of their business. The invest ments of savings banks are indeed limited to the funds which they have received from depositors, together with such amounts as have been set aside from profits as surplus, and also in the case of stock savings banks the amount received from subscriptions to capital stock. Other banks, includ ing the banking departments of trust companies, while they must always be prepared to f arnish money on demand, do not limit their loans and other investments to the f nuds received from de positors and shareholders. They lend their credit as well, and thus create a large part of the funds utilized by borrowers. Banks other than savings banks might well therefore be called credit banks. Unfortunately a somewhat less descriptive term is in common use - Commercial Banks. 2. Bank notes and checks. Com mercial banks are able to lend their own credit and.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
