Explore "The War and Our Financial Fabric" by Walter William Wall on Textopian. Read with annotations and highlights.
A simple illustration has been given of how we entrust our money with a bank and how a bank employs it. Let us in our next step analyse a typical balance sheet of a big bank, for it will help us to get a clearer notion of the functions of a bank and of the character and complexity of the money market.
_Dr._ / £ _s._ _d._ £ _s._ _d._ / TO CAPITAL AUTHORISED 30,000,000 0 0 / To Capital ISSUED 3,000,000 0 0 / To Reserve Fund 1,125,000 0 0 / To Amount due by the bank / on Current, Deposit, and / other Accounts 37,583,237 8 11 / To Acceptances on account of / customers 3,153,328 7 11 / To Rebate of Interest on Bills / discounted, not yet due, / carried to new account 53,807 1 3 / To Amount of Nett Profit 225,676 10 1 / -- -- -- -- -- -- -- -- -- -- - / £45,141,049 8 2 / = = = = = = = = = = = = = = = = = = = = =