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It is carried out only by means of immediate return of credits which has allowed

To reduce the sum of deposits and, hence, demanded reserves. Number The liquidated banks thus it would appear so considerable, as well as in Situations when those would not store monetary reserves. If this process

It would appear general, having mentioned thus considerable number of banks, liquidity

Individual bank would not play a role in liquidity of all system as a whole. Banks faced to the following dilemma: or to suspend cash payments Immediately, or, how much it probably to involve own reserves for

Satisfactions of current demand, counting on that this demand will fall down and

The suspension of payments is not required. Under the American laws bank, level

Which reserves it appeared below the resolved mark, has been obliged to stop Credit operations until deficiency has not been liquidated. It has compelled The banks aspiring during crises to support cash payments to resort To a policy of immediate reduction of credits. Banks, thus, should To choose between danger to step over border of legal reserves and Immediate suspension of payments. Much easier exit from this

Positions there was a suspension of payments. This procedure deprived of effectiveness

Claims of investors for deposits, thereby, granting bank a delay for return

Before the loans given out to clients. Moreover, it allowed bank even to give out

New credits if public was ready to accept payments by checks, on which It was meanwhile impossible to receive cash. Or, in a case, when payments

Nevertheless were made, but at a rate of certain percent from the sum of the deposit,

These checks could be partially converted in a cash. Banks quite could To consider that carrying out of a similar policy promoted return earlier

The given out credits in much bigger degree, rather than requirements to clients

Immediately to repay debts which liquidations could lead directly. It seems that, coming nearer to the minimum border of reserves, so, still Possessing rather considerable reserves, banks always hurried to suspend

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Standard Hotel Icons Making software for hotel business can be quite a challenge, and rarely there is time to design GUI for your project. With Standard Hotel Icons you will momentarily get all the images you need at an affordable price.

Free 3D Social Icons Free 3D Social Icons represent a free icon pack well-suited for Web pages and software projects dealing with all types of social networks. The pack delivers images depicting various communication technologies and web-sites.

Large Weather Icons Large Weather Icons represent different weather conditions typical in software, weather Web sites, and mobile gadgets. The images come in typical resolutions standard to Windows, Mac OS, and mobile devices. The biggest versions are huge 512x512 pixel images with vector sources in Adobe Illustrator (.ai) format easily affordable and ready to be printed or used in presentations in highest quality.

Business Icon Set Business Icon Set. A collection of all-purpose icons with various symbols for the business environment for use with your software or on your website.

Medical Icons for Vista Medical Icons for Vista has been created to avoid any misconceptions appearing while viewing a medical Web site or operating a medical software. The images are provided in various sizes and formats.