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Banking system   /bˈæŋkɪŋ sˈɪstəm/   Listen
Banking system

noun
1.
Banks collectively.  Synonym: banking industry.






WordNet 3.0 © 2010 Princeton University








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"Banking system" Quotes from Famous Books



... national convention of this new party, fortunately styling itself "Republican," was in 1856. Whig doctrine early appeared in the party by the demand for protection, internal improvements, and a national banking system; in fact, Republicanism may be said to have received nearly entire the whig mantle, as the Whigs ...
— History of the United States, Volume 3 (of 6) • E. Benjamin Andrews

... restoration of normal business enterprise has been to clean up thoroughly unwholesome conditions in the field of investment. In this we have had assistance from many bankers and businessmen, most of whom recognize the past evils in the banking system, in the sale of securities, in the deliberate encouragement of stock gambling, in the sale of unsound mortgages and in many other ways in which the public lost billions of dollars. They saw that without changes in the policies and methods of investment ...
— The Fireside Chats of Franklin Delano Roosevelt • Franklin Delano Roosevelt

... were the Abolition of State Banks and the substitution of the National Banking System, the issue of the United States legal tender notes, and the issue of the Five-Twenty Bonds. In combination, as a financial system, they enabled the country to carry a debt of three thousand million dollars, and it is probable that a debt of six thousand million would not have paralyzed the public ...
— Reminiscences of Sixty Years in Public Affairs, Vol. 1 • George Boutwell



Words linked to "Banking system" :   industry, hawala, banking company, bank, depository financial institution, banking concern, banking industry, Farm Credit System, FCS



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