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Home > Documents of the Assembly of the State of New York Volume 58, Nos. 1-2
Documents of the Assembly of the State of New York Volume 58, Nos. 1-2

Documents of the Assembly of the State of New York Volume 58, Nos. 1-2


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About the Book

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1835 edition. Excerpt: ...has not yet gone into operation. The capital of the institutions subject to our visitation, is now 826,231,460. That of the other banks of the State, is 85,175,000, making the entire banking capital of the State, exclusive of that employed by the branches of the United States Bank, 831,406,460. For the purpose of showing the ability of the country banks to meet their engagements, one line in the tabular statement annexed, will show the amount of their funds on deposite in the cities of New-York and Albany, separate from other bank balances due them. These funds are moneys actually deposited in the cities, payable at sight. Some of the more distant banks, however, keep no account in the cities, but deposit with some neighboring institution situated on the direct line of communication, which redeems their paper. Such deposits are not included in the line referred to, but appear as balances due from other banks. The Chautauque County Bank, which redeems at Buffalo, is an instance of The line of roans and discounts, includes every debt due the bank upon paper of any description, whether discounted notes, domestic exchange, bond and mortgage, or teuiporary loans upon stock, or other securities. It is difficult, by any tabular statement, to exhibit the exact ability of the banks to meet a sudden pressure upon them; and particularly so with respect to the city banks. Their available meansconsist of specie; balances due from other banks; temporary loan secured in such way as to be commanded at any moment; and of their discounted debt daily falling due, which there can be calculated upon with almost absolute certainty. The statement annexed has been very carefully compiled from the returns made to us on the 1st instant, and an examination of it, ..


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Product Details
  • ISBN-13: 9781234046200
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 120
  • Spine Width: 6 mm
  • Width: 189 mm
  • ISBN-10: 1234046202
  • Publisher Date: 13 Jan 2013
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 227 gr


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