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Borrowed Funds

In: The Discount Houses in London

Author

Listed:
  • G. A. Fletcher

    (University of Liverpool)

Abstract

During the course of each day, discount houses borrowed money under a variety of heads, the various categories of loans being distinguished as to: the source from which the funds came; the term for which the funds were taken; the rate that was paid on the funds relative to other rates in the structure. Within this rough framework of analysis the present chapter examines the factors which shaped the houses’ daily money position and the operations by means of which the daily balance was achieved. Indication is given of the main changes that took place in the relative importance of various lenders to the discount houses, the varieties of loans taken by the houses and the interest rate structures they encountered.

Suggested Citation

  • G. A. Fletcher, 1976. "Borrowed Funds," Palgrave Macmillan Books, in: The Discount Houses in London, chapter 7, pages 91-112, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-01974-8_7
    DOI: 10.1007/978-1-349-01974-8_7
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