Word: redeposits
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...increases the bank's deposits (i. e. liabilities) by $10,000, and its assets are equally increased by the businessman's note. Writing checks on the new $10,000 account does not destroy the credit that has been created, for the people who receive the checks will redeposit them. And the credit remains outstanding until the loan is paid...
Even on March 8 (before gold-heavy U. S. citizens, corporations and banks began their spectacular rush to redeposit the metal with the Federal Reserve last week) every U. S. Federal Reserve note still more than had its legal gold cover of 40%. With gold flooding in. U. S. citizens could still read with pride (though not for the moment with purpose) the words engraved on each Federal Reserve note: "Redeemable In Gold On Demand At The United States Treasury, Or In Gold Or Lawful Money At Any Federal Reserve Bank...
Promptly the Mayor of Brescia informed the citizens. Instantly the run stopped. All the rest of that day depositors who had withdrawn their money stood in line to redeposit...
...make all the new loans? To this question there is a combination of interrelated answers. The broadest concept of the Glass-Steagall bill is that it will materially enlarge the Federal Reserve's power to stop member bank failures. As failures decline, hoarders of currency would be encouraged to redeposit their cash. Such redeposits. in turn, would strengthen banks and reduce their demands for more loans from the Federal Reserve. Hoarded currency would again start flowing back toward the Federal Reserve whose supply of loan funds would thus be replenished to meet what would then become the disappearing problem...
According to last week's best judgment, the currency club would start swinging just enough to produce the necessary psychological momentum. Hoarders would redeposit their cash; banks would breathe easier; the demand for Federal Reserve loans would diminish; the machinery of normal banking would pick up speed by itself; the currency club, having served its initial purpose, would go back on the shelf...