The Institutions of British Banking

John Cooper

Chapter 2 in The Management and Regulation of Banks, 1984, pp 49-93 from Palgrave Macmillan

Abstract: Abstract The principal function of those institutions which collectively make up the mechanism of British banking is the collection of deposits from those with cash resources surplus to their immediate requirements and the on-lending of these cash resources, in one form or another, to those with an immediate need for them. This function is common to every institution involved in banking: indeed, one of the banking services which must be provided by an institution in order for it to become a ‘recognised bank’, and thus entitled, among other things, to use the word ‘bank’ in its title, is the provision of current or deposit account facilities or the acceptance of funds in the wholesale money markets.1

Keywords: Building Society; Finance House; National Saving; Monetary Control; British Banking (search for similar items in EconPapers)
Date: 1984
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-06527-1_2

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DOI: 10.1007/978-1-349-06527-1_2

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