Similarities and contracts in payment systems

Article Abstract:

International clearing among eleven countries in Western Europe, North America, and Japan is governed and overseen by the Bank for International Settlements, an association whose members are also managers of the eleven nations' central banks. International payment systems developed by the eleven member nations have been surveyed and the results of the surveys published for the years 1978 and 1983. Among the survey results are: declining currency circulations for all eleven nations; declining deposit balances for all eleven countries; debit transfers to effect payment are preferred in the U.S., Great Britain, Canada, Japan, and Italy; credit transfers are used most by West Germany, the Netherlands, Sweden, and Switzerland; average deposit transfers per capita ranges from 65 to 95 among these nations; and the high level of deposit transfers per capita in the U.S. (approximately 159 per year per person) is attributable to the large number of checks written to cash in the U.S.

Services, International aspects, Bank for International Settlements, Deposit banking, Depositories (Banking), Accounts receivable, Convertible money

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It's the old time religion, but is it good enough for today?

Article Abstract:

Bank customers are experiencing some difficulties adapting to new methods for paying and getting paid; automated systems have not been automatically accepted. The degree of acceptance of new bank payment systems is analyzed from the perspective of "money in use," which includes coin, currency, and transaction accounts. Money in use statistics are provided for the U.S. and worldwide. Coins and currency are becoming less important internationally; in 1978 their percentages relative to nations' GNP averaged 7.8 percent, whereas in 1983 this percentage fell to an average of 6.2 percent. On the other hand, transferable deposits represent from 10 to 20 percent of most nations' GNP. These and other statistics associated with bank automated product development and acceptance are analyzed by a former executive with the Federal Reserve System.

United States, Innovations, Statistics, Technology application, Monetary policy, Bank automation

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Bank holding company de novo entry and banking market performance

Article Abstract:

The study covers the effects of de novo bank entry on: the performance of the local banking market, and the marketing activities of independent banks or holding companies within the local market. The research covers 103 small metropolitan and rural markets that witnessed de novo bank entry by either an independent bank or a holding concern located outside the market, during 1972-1976. The study results show that there were no systematic changes in the market performance of either the holding concerns or the independent banks.

Bank holding companies

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