Holländische Wirtschaftsgeschichte

Bibliographic data

Monograph

Identifikator:: 1744885710

URN:: urn:nbn:de:zbw-retromon-117895

Document type:: Monograph

Author:: Baasch, Ernst http://d-nb.info/gnd/117692018

Title:: Holländische Wirtschaftsgeschichte

Place of publication:: Jena

Publisher:: Fischer

Year of publication:: 1927

Scope:: VI, 632 S.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Kapitel. Aufstieg und Niedergang der holländischen Wirtschaft zur Zeit der Republik

Collection:: Economics Books

THE PRESENT 59 ticipation issues. The remaining twenty-three is sues of an aggregate amount of $10,860,603,500 were emitted in anticipation successively of the pro ceeds of the First, Second, Third and Fourth Lib erty Loans. Such anticipatory borrowings have formed a large proportion of the nominal amounts of the Liberty Loans. The volume of certificates out standing at the several dates upon which the first installment on account of bond subscriptions became payable, and the ratio of such volume to the amount of the corresponding loan have been approximately as follows: Ratio of Liberty Date of 1st Amount Certificates Certificates Loan Installment of Loan Issued to Loan First June 28, ’17 $2,000,000,000 $ 868,205,000 434 Second Nov. 15, ’17 3,808,766,150 2,320,493,000 60.9 Third May 4, T8 4,170,019,650 2,612,085,500 62.6 Fourth Oct. 19, T8 6,989,047,000 4,665,320,000 66.7 In other words, the Liberty Loans have been to an increasing extent required to discharge short term indebtedness contracted by certificate borrow ing in anticipation of the flotations. The certificates have been taken and held in the main by the financial institutions of the country — national banks, state banks and trust companies. 37 The Federal Reserve Banks, with whom was placed 37 An investigation made by the Savings Bank Section of the American Bankers’ Association showed that out of 405 such institutions in the six New England States 167 savings banks having 60 per cent, of the total assets of such banks had in vested 3.2 per cent, of their resources in certificates of indebt edness. In the five Eastern States, out of 196 such institutions 101 savings banks having more than 60 per cent, of the total

Access restriction

Copyright

fullscreen: War borrowing

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation