Word: bankes
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Dates: during 1920-1929
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...banking of assets is another method whereby U. S. judges may profit in bankruptcy cases. Deposits can be made in a bank in which the jurist has a private stock holding. He collects the interest rather than the creditors...
...part of the general plan of development, Congress readily appropriated $4,250,000 to construct a boulevard from Washington to Mount Vernon, along the bank of the Potomac, by which pilgrims from all over the land may have easy access to Washington's homes...
Refusal of Loans. It is therefore very debatable whether any Federal Reserve bank would or could refuse a loan to a member in good standing. Says W. Randolph Burgess, assistant Federal Reserve agent in New York writing of the Reserve System in 1927*: "A Reserve bank cannot tell from the nature of its loans what its money will be used for. . . . It is thus impossible for a Reserve bank to dictate how its credit shall be put to employment. . . . The specific use of credit is the business of the individual member and nonmember bank. . . . What the Reserve banks do primarily...
Discount Rate. As for rediscount rates, here again it is the province of the twelve Reserve banks (not of the board) to initiate rate changes?. Here the Reserve banks have a specific and unquestioned method of making it expensive to borrow money. But this method cannot be indiscriminately applied. In the first place, a high discount rate will attract money from foreign countries. More important, however, is the fact that the Reserve bank cannot make it harder for the speculator to borrow money without making it correspondingly harder for the businessman or the farmer to borrow money. A rise...
...rediscount rate is the rate at which a Federal Reserve bank discounts loans to member banks...