Bank Charter Act
Bank Charter Act, 1844. The culmination of government efforts to create an effective legal framework to achieve a stable currency, the Act defined the roles of the Bank of England. One department had the exclusive duty of issuing notes having a minimum value of £5 as legal tender in England and Wales. It was to ensure that notes had an equivalent backing of bullion in its vaults, combined with a fiduciary issue defined by the Treasury. The other department undertook banking business, acting as the regulatory body for the banking system with powers which included fixing the minimum cost (interest) of borrowing money.
Ian John Ernest Keil
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Export-Import
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Overview
Bank Failures
Banking Acts of 1933 and 1935
Banking Crisis of 1933
Export-Import
Banks Investment… The Royal Bank Of Scotland Group Plc , 42 St. Andrew Square
Edinburgh EH2 2YE
United Kingdom
Telephone: (0131) 556 8555
Fax: (0131) 556 8535
Web site: http://www.royalbankscot.co.uk
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60262 Frankfurt am Main
Germany
(4969) 71500
Fax: (4969) 7150-4225
Public Company
Incorporated: 1870
Employees: 73,450
Total Assets:… Bankamerica Corp , BankAmerica Corp
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555 California Street
San Francisco, California 94104
(415) 622-3456
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Incorporated: 1904 as th…
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Bank Charter Act