Many of our readers will be aware of the unfortunate end of this bank, under circumstances which, deeply to be regretted, have had a prejudicial effect on the usefulness of other banks of the same description.
The Birmingham Bank, when it transferred its business, took advantage of this clause to compensate its officers accordingly; and this course has subsequently been followed by other banks.
Other banks may do so, by conforming to certain requirements.
The federal reserve banks, established under the act of 1913, not only receive deposits and make loans to other banks, but also have power to issue federal reserve notes which circulate as money.
Receiving time deposits is the one essential function of savings banks, but this function is increasingly performed by other banks[5].
The term employed to designate the funds provided for this purpose is reserves, and in this country they consist of money kept on hand and of credit balances in other banks.
Even in this country, the practice of counting deposits in other banks as reserve is well developed.
These checks include deposits made by other banks, as do the figures of Kemmerer's observations.
Much of this does not appear in Kinley's figures, since neither the deposits of the great private banks in other banks, nor the deposits made in the private banks themselves (so far as New York City is concerned) figure in his totals.
In the second place, individual banks were unable to extend loans to customers beyond the point justified by the amount of reserves in their vaults, or deposited to their credit in other banks.
Before 1913, each bank stood as a unit, and when its reserves were depleted it could not secure temporary aid from other banks.
The remainder, and sometimes the larger part, of their reserves was maintained in the form of deposits in other banks.
These national banks constituted no definite system: they transacted business much as other banks did, they had no branches, and they had little to do with one another.
Goaded by public reproaches, and left alone in a state of suspension by other banks, she essayed the perilous effort of a resumption.
The result to the public is about the same in both cases; the bank has little or no specie, and its place is supplied by the notes of other banks.
The charter of no bank in the United States compels them to take the paper of other banks, and whether they do receive them or not will depend upon contingent circumstances, or upon whim and caprice.
The paper of the Bank of the United States is rapidly returning, and that of other banks is taking its place.
In Baltimore (until we were able to check them by other banks) its political influence was great.
And so it appears that the loans of one bank make the deposits of others, and its deposits consist largely of other banks' loans.
Just as a relatively liberal granting of credit by one bank must tend to transfer its reserves to other banks, so a relatively great extension of credit in one center or in one country must tend to transfer the reserves, e.
And, finally, "cash items" include such demands on individuals or other banks as are collectible in cash and can therefore fairly be deemed the equivalent of cash in hand.
Other banks, some issuing notes, then carried on operations with limited success, but these never attained any real power.
He has at least seven millions on deposit at other banks in this city.
Will there be additional deposits of gold by you at the Metropolitan or other banks?
You have, also, on deposit in other banks, some six or seven more.
We are apt to be solemnly told that the Banking Department of the Bank of England is only a bank like other banks--that it has no peculiar duty in times of panic--that it then is to look to itself alone, as other banks look.
The earning faculty of the Bank of England is in proportion less than that of other banks, and also the sum on which it has to pay dividend is altogether greater than theirs.
It is understood that some joint stock and other banks sold, but I believe it is quite certain that the public purchased largely, because they always purchase when the funds fall.
And we may well think this a great deal, if we examine the position of other banks.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "other banks" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
