National Credit Corporation, the Glossary
The National Credit Corporation was an independent agency of the United States federal government established in 1931 to stem the tide of bank failures across the US.[1]
Table of Contents
13 relations: Bank failure, Bank run, Deflation, Independent agencies of the United States government, Interbank lending market, Lender of last resort, Mortimer N. Buckner, New York State Banking Department, New York Trust Company, Presidency of Herbert Hoover, Reconstruction Finance Corporation, The Clearing House, The New York Times.
Bank failure
A bank failure occurs when a bank is unable to meet its obligations to its depositors or other creditors because it has become insolvent or too illiquid to meet its liabilities.
See National Credit Corporation and Bank failure
Bank run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may fail in the near future.
See National Credit Corporation and Bank run
Deflation
In economics, deflation is a decrease in the general price level of goods and services.
See National Credit Corporation and Deflation
Independent agencies of the United States government
In the United States government, independent agencies are agencies that exist outside the federal executive departments (those headed by a Cabinet secretary) and the Executive Office of the President.
See National Credit Corporation and Independent agencies of the United States government
Interbank lending market
The interbank lending market is a market in which banks lend funds to one another for a specified term.
See National Credit Corporation and Interbank lending market
Lender of last resort
In public finance, a lender of last resort (LOLR) is the institution in a financial system that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facilities or such sources have been exhausted.
See National Credit Corporation and Lender of last resort
Mortimer N. Buckner
Mortimer Norton Buckner (March 10, 1873 – February 25, 1942) was an American banker who served as president and chairman of the board of New York Trust Company, the New York Clearing House, and the National Credit Corporation.
See National Credit Corporation and Mortimer N. Buckner
New York State Banking Department
The New York State Banking Department was created by the New York Legislature on April 15, 1851, with a chief officer to be known as the Superintendent.
See National Credit Corporation and New York State Banking Department
New York Trust Company
The New York Trust Company was a large trust and wholesale-banking business that specialized in servicing large industrial accounts.
See National Credit Corporation and New York Trust Company
Presidency of Herbert Hoover
Herbert Hoover's tenure as the 31st president of the United States began on his inauguration on March 4, 1929, and ended on March 4, 1933.
See National Credit Corporation and Presidency of Herbert Hoover
Reconstruction Finance Corporation
The Reconstruction Finance Corporation (RFC) was an independent agency of the United States federal government that served as a lender of last resort to US banks and businesses.
See National Credit Corporation and Reconstruction Finance Corporation
The Clearing House
The Clearing House is a banking association and payments company owned by the largest commercial banks in the United States.
See National Credit Corporation and The Clearing House
The New York Times
The New York Times (NYT) is an American daily newspaper based in New York City.
See National Credit Corporation and The New York Times
References
[1] https://en.wikipedia.org/wiki/National_Credit_Corporation