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All had been quite realised that fact that Bank Department of Bank of England

Stored at itself all reserves of a cash for maintenance of bank obligations

The countries, also it was important to understand, how this fact influences position of Bank of England.

England has developed such system at which the unique institute kept in

The hands not only all gold reserve (a reserve for maintenance of banknotes), but

And, except that, all bank reserves (reserves for maintenance of deposits). This

The situation became result of that exclusive position, in which Bank To England has been put thanks to state intervention. "Natural System - that is that in which would result succession of events, if The government has left alone bank sphere, is a system of a great number Banks of the equal or not too different size. "p. 66., " Lombard Street " Instead England has received the central bank, and its centralised system Has got the certain lines concealing in danger, if to them not To concern with due degree of care. These lines also distinguished The centralised system from the decentralised multireserve system.

Most brightly differences of the centralised system were shown in two moments:

First, in influence on cumulative size of gold reserves of the bank

Systems as a whole and, secondly, in a support on "the creditor in an ultimate authority".

At this system commercial banks instead of independently storing

The reserves, held them in banknotes of Bank of England or in the form of the rights to those

Through the deposits in Bank of England. Each of banks at definition Optimum proportion between more liquid and less liquid parts of the Actives to provide necessary level of liquidity of actives as a whole, Recognised that the England deposited with Bank of means "as are good, as And cash ". Therefore, according to calculations of commercial banks, them Cumulative cash reserves, except that cash that were stored in

Bank cash desks, switched on also all sum of deposits of commercial banks of Bank

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Large Weather Icons Large Weather Icons depict a number of weather conditions typical in software, weather Web sites, and mobile gadgets. The images come in typical resolutions standard to Windows, Mac OS, and other platforms. The largest versions are huge 512x512 pixel icons with vector sources in Adobe Illustrator (.ai) format easily available and ready to be printed or used in presentations in highest resolution.

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