History of the London Discount Market

1832 Committee accommodation accommodation bill actually advances andthe asthe atthe average Bank of England Bank rate Bank's Bankof Bankrate became bill brokers bill market borrowing Branch Banks Bullion butthe bythe call loans capital cash cent central bank Chapman charged competition country banks crisis dealers declared demands deposits despite directors discount business DISCOUNT COMPANIES discount houses discount market discount rates dividend Economist endorsement evidence exchange Exchequer bills finance firm fromthe funds gold Gurney Gurney's hadbeen Ibid important increase interest inthe issue itwas joint stock banks liabilities Lombard Street London bankers London Discount Lords Luke Hansard Magazine market rate Mercantile merchant millions Minutes money market months ofBank ofbills ofEngland onthe operations Overend over­trading paper payments period practice principle private banks railway re­discounting reserve Richardson securities shareholders speculation stringency thatthe theBank thebill thediscount themarket tobe to­day tothe trade transactions Treasury uponthe withthe