Word: bankes
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Dates: during 1920-1929
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...would, a great convenience. It may be of interest to mention the fact that ninety percent of the bills are paid by check and ten percent in cash. Of those who paid by check, two-thirds sent their payments by mail, and one-third paid in person at the bank. There is no reason why a student should not elect whichever way of payment is the more satisfactory to him. It would seem as if the easier way to pay one's bill would be to send both the bill and check by mail to the bank and thus avoid...
...Before this article is published", declared Mr. W. P. G. Harding, Governor of the Federal Reserve Bank of Boston, "the Federal Reserve Board will probably have announced its decision concerning the proposed branch of the Boston Bank in Havana, Cuba. The question which it must decide involves both the rivalry between the Federal Reserve Banks and the problem of whether or not Federal Reserve Banks should be permitted to compete actively with commercial banks...
...South American countries, was turned down because of the peculiar circumstances arising from war conditions, but that action should in no way serve as a precedent for the settlement of this question, except in that making the decision in 1915, the Board then assumed that the Reserve Banks had a perfect right to establish branches. At that time the sole factor considered was expediency, and there is no reason, as some people have believed, for now questioning the legality of Reserve Bank branches in foreign countries...
...There are several features", Mr. Harding said, "concerning a Reserve Bank branch in Cuba which grow out of the intimate connection between Cuba and the United States. It is, in the first place, the only foreign country in which all transactions are carried on in dollars, and whose circulating medium and legal tender are entirely American currency. Moreover, the government of the United States exercises a quasi-guardianship over the island which makes it entirely different from any other available banking field...
...England", concluded Mr. Harding, "exports more goods to Cuba than does any other section of the United States, and the sole purpose of the Boston Bank in proposing this branch, is to take advantage of the peculiar political relations existing between the United States and Cuba, and of the already large investment of American capital in the island, for the further developing of American trade and American banking...