Capital, vol 3 by Karl Marx

Author:Karl Marx
Language: pt
Format: mobi
Tags: non.fiction, economics
ISBN: 9780140445688
Publisher: Penguin Classics
Published: 1906-01-02T00:00:00+00:00

Name of Bank Liabilities Cash Reserves Percentages

City £9,317,629 £746,551 8.01

Capital and Counties 11,392,744 1,307,483 11.47

Imperial 3,987,400 447,157 11.22

Lloyds 23,800,937 2,966,806 12.46

Lon. And Westminster 24,671,559 3,818,885 15.50

Lon. And S. Western 5,570,268 812,353 14.58

London Joint Stock 12,127,993 1,288,977 10.62

London and Midland 8,814,499 1,127,280 12.79

London and County 37,111,035 3,600,374 9.70

National 11,163,829 1,426,225 12.77

National Provincial. 41,907,384 4,614,780 41.01

Parrs and the Alliance 12,794,489 1,532,707 11.98

Prescott & Co 4,041,058 538,517 13.07

Union of London., 15,502,618 2,300,084 14.84

Williams, Deacon & Manchester & Co. 10,452,381 1,317,628 12.60

Total £232,655,823 £27,845,807 11.97

Of this total reserve of almost 28 million, at least 25 million are deposited in the Bank of England, and at most 3 million are in cash in the safes of the 15 banks themselves. But the cash reserve of the banking department of the Bank of England amounted to less than 16 million during that same month of November 1892! — F. E.]

5. The suspension of the Bank Act of 1844 permits the Bank to issue any quantity of bank-notes regardless of the gold reserve backing in its possession; thus, to create an arbitrary quantity of fictitious paper money-capital, and to use it for the purpose of making loans to banks, exchange brokers, and through them to commerce. — F. E.]

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