62;
savings accounts, 44;
in the United States, 68-100

Commercial paper, 11-14;
discount of, 14, 15, 17;
and investment paper, 41, 42;
liquid security, 53;
market for, 100

Competition in banking, 83

Comptoir d'Escompte de Paris, 115, 116

Conflict of functions and laws, 82

Cooperative banks, 139

Correspondent banks, 24, 25

Credit "acceptance" line, 103;
balance, 16, 18-20, 23, 25;
cooperation in, 166-168;
department in banks, 43, 86;
inflation of, 87;
"line" of, 16, 85, 86;
subsidies, state, county, and municipal, 169;
system, 11-13

Credits, forced liquidation of, 49

Credit Agricole, 162;
Foncier, 113;
Industrielle et Commercial, 115, 116;
Lyonnais, 115, 116

Crisis, commercial, 19, 31, 88

Currency, 21, 22;
lack of elasticity, 95-97

Debt paying, 13, 14

Debits, 15-18

Demand in foreign exchange, 33, 34

Deposits, 2-4

Depositors, mutual insurance of, 60-62

Discount, defined, 14;
loans and discounts, selection of, 40-43;
loans and rates, 44;
operation of, 13;
rate, Canadian, 128, 129;
bank of England, 108;
bank of France, 113;
reserve system, 95, 97;
stopped, 30

Discounted paper, 14, 15, 17-19, 55

Documented bill of exchange, 42

Domestic exchange, 25

Drafts, 16, 27, 28;
foreign payments, 31

England, bank of, 9, 104-111;
banking system, 104-111;
foreign and colonial, 108;
joint stock banks, 106;
metropolitan, 107;
private, 108;
provincial, 107;
reserve system, 108

Europe, commercial banking in, 101-126;
central banks of, 101-126;
land banks, 147-163

European investment banking machinery, 166

Exchange operations, 11-13;
checks, 22-24;
domestic, 25-31;
foreign, 31-34

Federal Reserve Banks, 98-100;
Federal Reserve Board, 99, 100

Foncier Algierienne, 162

Foreign exchange, 31-34;
_par of_, 31, 32;
classes of bills used, 33

France, bank of, 9, 111-115

French banking system, 111-119

German banking system, 119-126;
hypothekenaktienbanken, 151, 152;
investment banking machinery, 166;
land and mortgage banks, 147-161;
landschaften, 147-149;
Schulze-Delitzsch, 153-162;
Raiffeisen, 156-162

Germany, bank of, 9, 119-123

Gold element of currency, 5, 96;
points, 32, 33;