Q. How do you invest your surplus funds when you have no demand from customers?
A. We buy bills in the open market, or accept offerings made to us from houses desiring to borrow.
Dresdner Bank
INTERVIEWS WITH HERR SCHUSTER AND HERR NATHAN, DIRECTORS OF THE DRESDNER BANK[194]
Q. What is the date of your organisation?
A. 1872.
Q. In practice, you and all other banks endeavour to fully employ all available funds?
A. Yes; we only carry in the Reichsbank and other banks sufficient cash for the conduct of business.
Q. You regard your item "Bills discounted" as one of practical reserve?
A. Yes; it is immediately convertible into cash at the Reichsbank.