CONTENTS

PAGE
Chapter I. The Nature, Functions, and Classification of Banking Institutions,[1]
1. Services Performed by Banking Institutions,[1]
2. The Economic Functions of Banks,[4]
3. Classification of Banking Institutions,[6]
Chapter II. The Nature and Operations of Commercial Banking,[11]
1. Commercial Paper,[11]
2. The Operation of Discount,[13]
3. The Conduct of Checking Accounts,[15]
4. The Issue of Notes,[19]
5. Collections,[22]
6. Domestic Exchange,[25]
7. Foreign Exchange,[31]
Chapter III. The Problems of Commercial Banking,[35]
1. The Supply of Cash,[35]
2. The Selection of Loans and Discounts,[40]
3. Rates,[44]
4. Protection against Unsound Practices,[46]
(a) Capital and Surplus Requirements and Double Liability of Stockholders,[46]
(b) Inflation and Means of Protecting the Public against It,[49]
(c) Other Means of Safeguarding the Interests of the Public,[59]
5. Adequacy and Economy of Service,[62]
Chapter IV. Commercial Banking in the United States,[68]
1. State Banks,[68]
2. National Banks,[70]
3. The Independent Treasury System,[75]
4. The Interrelations of These Institutions,[78]
5. Operation of the System,[82]
(a) Conflict of Functions and Laws,[82]
(b) Loan Operations,[85]
(c) Treasury Operations,[88]
(d) Operation of the Reserve System,[91]
(e) Lack of Elasticity in the Currency,[95]
6. Plans for Reform,[97]
Chapter V. Commercial Banking in Other Countries,[101]
1. Common Features,[101]
2. The English System,[104]
3. The French System,[111]
4. The German System,[119]
5. The Canadian System,[126]
Chapter VI. Investment Banking,[136]
1. Saving and Savings Institutions,[136]
2. Trust Companies,[141]
3. Bond Houses and Investment Companies,[144]
4. Land Banks,[147]
5. Stock Exchanges,[163]
6. Some Defects in Our Investment Banking Machinery,[166]
References,[171]
Index,[173]