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The Value of Money

Note 558 — Chapter XXIV

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The item, "Due from other banks and bankers" in our table of total bank resources for 1909, is 2,563 millions—about 12% of the whole and slightly more than the amount we assigned to "commercial paper." It is a highly important factor making for liquidity. For State, and National banks and trust companies it is almost as great—2,302 millions. The first figure does not include many great private banks.

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