The New York Money Market: Origins and development

American amount Annual Report average balances bank reserves bankers banking system became bills bonds brokers call loan market call market call rates capital cash reserve cent central reserve charter circulation Clearing House collateral Commercial and Financial commercial paper Committee Comptroller Congress country banks currency customs debt decline depositary depositary banks export Financial Chronicle foreign exchange market funds gold greenbacks important increased Independent Treasury interest interior investment legal tender loan certificates loans and discounts London Magazine ment Merchants millions of dollars money market months National Bank Act national bank notes nearly October panic period Philadelphia Pujo Committee purchase railroad redemption Report on Finances reserve cities reserve ratio seasonal variation Secretary of Treasury securities September Session silver specie payments specie reserve sterling Stock Exchange subtreasury surplus tion trade transfer trust companies United York banks York City York City banks York Stock Exchange