Making Use of a Bank

James Anderson Fitzgerald

H. Holt, 1923 - 371 páginas

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THE SERVICES OF BANKING INSTITUTIONS 1 Allies of business	1

Safe deposits 3 Income from deposits 4 Loans of money and credit	2

Payments by check 6 Issue of own credit instruments	3

Adjustment of money in circulation 8 Collectional services 9 Information and financial advice	4

Trust and agency powers 11 Dealing in investments	5

Kinds of banks 13 Social services	6

OBLIGATIONS AND RIGHTS OF EACH PARTY TO A NOTE CHECK OR DRAFT 14 Promises to pay and orders to	8

Attributes of negotiable instruments 16 What constitutes a promissory note or a bill of exchange	9

Stock brokers	188

Building and loan associations	189

Insurance companies	190

Mortgage companies	191

Cattle loan companies	197

DRAFTS AND THE ACCOMPANYING DOCUMENTS 137 The paradoxical bill of exchange	199

Descriptions of bills of exchange	200

The quality of an acceptance 140 Kinds of acceptances	201

Definitions of promissory note and bill of ex change 18 Varieties of notes and bills 19 How a bill becomes an acceptance checks certified	12

What each party to a note bill or check agrees to	13

The sale of notes and bills 22 Indorsements	15

Secondary liability	17

What the indorser agrees to	18

Presentment	19

Notice of dishonor	22

Protest	25

Holder in due course	28

Rights of holder in due course	29

SAFE AND SAVINGS DEPOSITS 32 Kinds of deposits	32

Safe deposit boxes 34 Renting a	33

Access by partner or deputy	35

Storage 37 Custodian of securities	37

Certificates of deposit	39

Savings deposits	40

Making the first deposit 41 The pass book 42 Computation of interest	42

Withdrawals	43

Kinds of accounts	44

Banking by mail	45

Assignment of accounts	46

Effect of death	51

Banks that take savings	52

CHECKING ACCOUNTS DEPOSITS 49 The basis of checking accounts	53

Form and nature of a check	54

Advantages of checks	55

The risk in taking a check PAGE	56

Collection of checks and drafts	57

Necessity of a proper introduction	59

Opening a checking account	61

Varieties of check signatures	65

Deposits for credit	66

Payment of exchange and collection fees 59 Deposits for collection V CHECKING ACCOUNTS	72

Check writing WITHDRAWALS AND BALANCES 75 60 Making payments	75

Varieties of check forms	80

Check register and check stubs 64 Stale checks	82

Stopping payment on a check	83

Duplicate checks	84

Overdrafts 68 Checking of pass book and statement	85

Should checking deposits receive interest	86

Compensating balances	87

THE TRANSFER OF FUNDS BY BANKS 71 Local transfers	91

Clearing houses	93

Old method of collecting outoftown checks	95

The charge for exchange	97

The exchange controversy	98

The Federal reserve system of check clearing and collection	101

The gold settlement fund	103

Exchange between cities of the United States 79 Why member banks do not collect all checks through the Federal reserve bank	104

USE OF LOANS KINDS OF NOTES 80 Nature and importance of credit	106

Sound borrowing is not the asking of a favor	107

Character of loan desired 83 Real cost of a loan 84 Profits from borrowing	108

Failures 86 Loans for permanent investment	110

Loans for buying producing and selling	112

Loans may be large or small 89 Distinction between loans and discounts 90 Descriptions of notes	114

THE CREATION OF CREDIT BY BANKS 91 Banks must have deposits 92 Banks lend their own funds 93 A banks credit attracts the funds of others...	118

Banks lend their own credit	121

Banks guarantee individual credit	124

A bank cannot lend several times its deposits 98 Adjustment between loans and deposits	125

SECURITY FOR LOANS 99 Kinds of security	127

Judging security 101 Elements of collateral security	128

Stocks and bonds as collateral	132

Notes receivable as collateral 104 Warehouse receipts and bills of lading	134

The assignment of accounts 106 Real estate as security	136

Elements of personal security	138

Property and income 109 Chances of success	139

The integrity of the borrower	140

THE BORROWERS STATEMENT OF CONDITION 111 An analysis of debtpaying power	142

The ratio of quick assets to quick liabilities	143

PAGE	144

1	145

The cash balance 114 Receivables	149

Investments 116 Inventories	151

Current liabilities	152

Fixed and miscellaneous assets	153

Fixed liabilities	154

Contingent liabilities 121 Necessity for intimate knowledge	155

xi	156

PAGE	159

A borrowing account	160

The banks knowledge of the borrower	161

Making paper eligible for rediscount	162

Distribution of the loans of a bank	166

The limit of a banks lending power	167

Rates of interest	173

91	176

Paying loans or maturing instruments	177

Borrowing from land banks	178

The directors	185

Chairman of the board of directors	186

THE LOANS OF OTHER LENDING INSTITUTIONS 131 Note and bill brokers	187

The documentary bill of exchange 142 The shippers invoice	202

The order bill of lading 144 The insurance certificate	203

The hypothecation certificate	204

The drawing of a bill	205

Instructions as to bills	207

Reference in case of need	208

THE USES OF DRAFTS AND ACCEPTANCES 150 The services of banks	209

O D by freight 152 Sight draft for collection	211

Authority to draw PAGE	212

Drafts against stored goods and securities 155 Cash against documents	214

Trade acceptances in domestic trade	215

Trade bills in foreign commerce	217

Bank acceptances and their advantages	218

American market for acceptances	220

The growth of dollar exchange	221

Commercial credits	222

A sterling credit	226

A dollar credit	227

Drafts for traveling	230

THE COST OF FINANCING FOREIGN SALES BY BILLS OF EXCHANGE 166 The terms of sale 167 Effect of exchange rates on price	234

The quotation of exchange rates	235

Fluctuations in rates	238

The spread between rates 171 The supply and demand of bills	239

Interest taxes and collection charges 173 Methods and costs of financing a sale by a bill	241

TRUST AND AGENCY SERVICES 174 Banks that do agency and fiduciary work	246

Registration of stock and bond issues	249

Safeguarding the transfer of securities	250

Trustee under mortgage	251

Depository of property to be delivered upon	252

Probate and insolvency business	253

Care of trust funds	254

The growth of trust banks	256

THE ADMINISTRATION OF A BANK 182 Variations in organization 183 Character of the bank	258

The loan and discount committee 189 The president	262

The vicepresidents 191 The cashier	263

The assistant cashiers	266

The receiving tellers	267

The savings teller 195 The paying tellers	268

The transit manager	269

The exchange and collection teller 198 The bond clerk 199 The custodian of the safedeposit vault 200 The auditor	271

PAGE	272

The statement clerk 203 Other employees	273

KINDS OF BANKS IN THE UNITED STATES 204 The interest of the business man in kinds of banks 205 A system of local independent banks	274

Private banks 207 State commercial banks	276

Mutual savings banks 209 Stock savings banks	277

Safe deposit companies 211 Trust companies 212 Banking and trust companies 213 Investment and loan companies 214 Building and loan and farm ...	278

Morris plan banks	279

Discount and acceptance banks 217 National banks 218 Federal reserve banks	280

Federal land banks	281

Farm loan associations 221 Joint stock land banks	282

Federal intermediate credit banks	285

National agricultural credit corporations	287

The War Finance Corporation	289

International or foreign banking corporations	290

Regulation of banks PAGE	292

SAFEGUARDING THE BUSINESS OF BANKING 227 Regulation promotes confidence 228 How and by whom national banks may be or ganized	293

Maintenance of capital and surplus	295

Duties and responsibilities of stockholders	296

directors and officers 231 Maintenance of reserves	298

Restrictions on loans and investments 233 Liquidation and receivership	301

Reports and examinations 235 Guaranty funds	303

Issue of national bank notes	305

THE BULWARK OF AMERICAN BANKING RESERVE BANKS PAGE 293	309

Membership of state banks	313

Powers of the Federal Reserve Board	315

Fiscal agent of the United States 241 Establishment of rediscount facilities	316

Open market operations 243 Issue of Federal reserve notes	318

Issue of Federal reserve bank notes	323

Contraction of Federal reserve notes	324

246	326

Results of the system	328

THE WORK OF THE INVESTMENT BANKER 248 Need of more permanent capital	331

Kinds of securities 250 Ownership securities	332

Credit securities	334

Other characteristics of bonds	336

Methods of selling securities 254 Inside distribution 255 Direct sale to the public	338

Sale through a middleman	340

The operation of a syndicate	342

258	344

The dilemma of the investor	345

The way	346

THE MEANING OF A BANK STATEMENT OF A BANK 261 A bank statement	348

Loans and investments 331	349

Real estate banking house etc 264 Miscellaneous assets 265 Cash on hand and in bank	351

Capital surplus and undivided profits 267 Miscellaneous liabilities	354

Due to depositors 269 Trust funds	355

THE CHOICE	356

156	359

199	360

127	362

Derechos de autor

Términos y frases comunes

acceptance agent amount assets balance bank's banker bill of exchange bill of lading bonds borrower broker buyer capital and surplus cash cent certificate certificate of deposit charge City clearing house collateral collection Columbus corporation coupons Currency David Davis demand depositor directors discount documents dollars draft drawee drawer drawn farm loan Federal land bank Federal reserve act Federal reserve bank Federal Reserve Board Federal reserve system foreign funds guarantee hereby holder indorsement interest investment issue lend lender liability maturity member banks ment months mortgage national bank NATIONAL TRADERS BANK Negotiable Instruments notes notice officers owner paid paper pass book payable payment person presented profits protest purchase real estate received rediscount renter safe deposit savings sell seller signature signed statement trade Trust Company undersigned United unless withdrawal

Pasajes populares

Página 12 - A bill of exchange is an unconditional order in writing, addressed by one person to another, signed by the person giving it, requiring the person to whom it is addressed to pay on demand or at a fixed or determinable future time a sum certain in money to or to the order of a specified person, or to bearer.

Aparece en 716 libros desde 1867-2008

Página 20 - ... 3. Where no place of payment is specified and no address is given and the instrument is presented at the usual place of business or residence of the person to make payment; 4.

Aparece en 228 libros desde 1867-2005

Página 30 - A person to whom a negotiable receipt has been ' duly negotiated acquires thereby (a) such title to the goods as the person negotiating the receipt to him had or had ability to convey to a purchaser in good faith for value, and also such title to the goods as the depositor or person to whose order the goods were to be delivered by the terms of the receipt had or had ability to convey to a purchaser in good faith for value...

Aparece en 128 libros desde 1817-1994

Página 306 - And the same shall be received at par in all parts of the United States in payment of taxes, excises, public lands and all other dues to the United States, except duties on imports ; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.

Aparece en 290 libros desde 1856-2008

Página 318 - To buy and sell, at home or abroad, bonds and notes of the United States, and bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in...

Aparece en 153 libros desde 1886-2007

Página 25 - A holder in due course is a holder who has taken the instrument under the following conditions: (1) That it is complete and regular upon its face. (2) That he became the holder of it before it was overdue, and without notice that it had been previously dishonored, if such was the fact. (3) That he took it in good faith and for value. (4) That at the time it was negotiated to him he had no notice of any infirmity in the instrument or defect in the title of the person negotiating it.

Aparece en 432 libros desde 1852-2000

Página 305 - Every person, firm, association other than national bank associations, and every corporation, State bank, or State banking association, shall pay a tax of 10 per centum on the amount of their own notes used for circulation and paid out by them.

Aparece en 173 libros desde 1865-2004

Página 168 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.

Aparece en 322 libros desde 1803-2005

Página 309 - Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta. Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.

Aparece en 426 libros desde 1780-2008

Página 318 - ... bills, notes, revenue bonds, and warrants with a maturity from date of purchase of not exceeding six months, issued in anticipation of the collection of taxes or in anticipation of the receipt of assured revenues by any State, county, district, political subdivision, or municipality in the continental United States, including irrigation, drainage and reclamation districts...

Aparece en 102 libros desde 1909-2006

Información bibliográfica

Título	Making Use of a Bank American business series
Autor	James Anderson Fitzgerald
Editor	H. Holt, 1923
Procedencia del original	Universidad de California
Digitalizado	30 Nov. 2007
Largo	371 páginas

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