id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
32027	Scott, William Amasa	Banking			.txt	text/plain	36225	1249	51	central institution, but a small group of banks in New York City are discounted by a bank will be paid at maturity and the credit balance The result is very different if a bank discounts investment paper, accounts a commercial bank may issue its promissory notes payable to bank in exchange for cash or when discounted bills or notes mature and Most banks of issue at the present time conduct checking accounts By the use of both notes and checking accounts, a bank can supply most Besides bank notes and checking accounts the only forms of currency commercial banks are concerned with loan and discount rates. States requires its banks of issue to cover their notes by government reserve and surplus investment funds of state banks and trust deposited with banks in reserve cities and those invested in bonds, In the development of investment banking institutions in this country,	./cache/32027.txt	./txt/32027.txt