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banking

(Encyclopedia)banking, primarily the business of dealing in money and instruments of credit. Banks were traditionally differentiated from other financial institutions by their principal functions of accepting depos...

draft, in banking

(Encyclopedia)draft, in banking, order by one party to another party to pay a stated sum to the person or firm in whose favor the draft is made. It is similar in form to the ordinary bank check. Often the drawer an...

savings bank

(Encyclopedia)savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its deposi...

Shaw, Leslie Mortier

(Encyclopedia)Shaw, Leslie Mortier, 1848–1932, U.S. Secretary of the Treasury (1902–7), b. Morristown, Vt. Admitted to the Iowa bar in 1876, he organized (1880) a banking firm that specialized in agricultural c...

Bank of England

(Encyclopedia)Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. The ba...

national bank

(Encyclopedia)national bank, in the United States, financial institution of a class authorized by Congress in acts of 1863 and 1864. The acts were intended to provide a way of marketing the large bond issues made n...

turn and bank indicator

(Encyclopedia)turn and bank indicator, aircraft instrument containing one indicator to show turning, or rotation about the vertical axis, and another to show banking, or rotation about the longitudinal axis. The tw...

Yayi, Thomas Boni

(Encyclopedia)Yayi, Thomas Boni, 1952–, Beninois political leader, president of Benin (2006–16), b. Tchaourou. He studied at the National Univ. of Benin, in Senegal at Cheikh Anta Diop Univ., and in France at t...

Pujo, Arsène Paulin

(Encyclopedia)Pujo, Arsène Paulin arsĕnˈ pôlăNˈ püzhōˈ [key], 1861–1939, U.S. congressman, b. Lake Charles, La. He practiced law in Louisiana before serving (1903–13) as a Democratic Congressman in the...

McCulloch, Hugh

(Encyclopedia)McCulloch, Hugh məkŭlˈək [key], 1808–95, American financier and public official, b. Kennebunk, Maine. Educated at Bowdoin College, he studied law in Boston and practiced two years at Fort Wayne,...

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