Table 3 illustrates one link between call loan
rates and aggregate NYC bank clearinghouse deposits and reserves.
We argue further that the trust companies also "free rode" on the New York Clearinghouse banks in the call loan
To put the possible increase in the seasonal pattern of interest rates during the Depression in perspective, figure 6 plots the estimated coefficients on the monthly dummy variables for the call loan
renewal rate between 1919 and 1928 and between 1929 and 1933.
The return on - New York call loans
was significantly less than on the same loans made in Canada, and it was also more volatile.
The emergency currency issue in Aldrich-Vreeland would add transactions components like notes and reserves, but the other flaws like the pyramiding of reserves and the call loan
market being a source of reserves were not addressed.
Leaving its monetary policy unchanged, the policy board has voted to keep the bank's unsecured overnight call loan
rate at a range of 0.0 percent-0.1 percent.
At the end of a two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues also voted unanimously to maintain the unsecured overnight call loan
rate at a range of zero percent to 0.1 percent to support the country's economy.
First Financial Holding has US$12 million of risk exposure to the PIIGS, including US$10 million of interbank call loan
The policy board of Japan's central bank has also voted unanimously to leave the unsecured overnight call loan
rate at 0.1 percent, where it has been since December 2008.
The weighted average of unsecured overnight call loan
rates dropped to zero for the first time in the Tokyo market Monday, money traders said.
At the end of two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues voted unanimously to keep the unsecured overnight call loan
rate on hold.
The BOJ board has voted unanimously to leave its unsecured overnight call loan
rate unchanged at 0.10 percent.