Abstract

Finance
Boies, William Justus | December 7, 1918 issue

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Action by the New York Money Pool Committee in relaxing regulations controlling the lending of money upon the pledge of collateral securities marks the first step by New York bankers toward removing barriers against speculative loans. The new rules exclude from the limit of loans for which a broker can apply that proportion of his credits which are based upon the security of bonds and short-term notes, as distinguished from stocks. While it will not result in enlarging the supply of money available to support stock-market speculation, it will be of great assistance to the bond dealers and investment houses which are accustomed to see an active market for bonds in the closing days of the year.

See Also:

SYNDICATES (Finance); SECURITY (Law); BANKERS; STOCK exchanges; BANK loans; NEW York (State); UNITED States
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