ENFORCING THE COMMUNITY REINVESTMENT ACT: AN ADVOCATEíS GUIDE TO MAKING THE CRA WORK FOR COMMUNITIES
To remedy these evils, the authorities at Amsterdam resolved to
have recourse to that system of bank payments, which had so long been
in use at Venice. This was the origin of the BANK OF AMSTERDAM. The
original subscribers to the bank paid into its vaults certain sums in the
current coin, for which they received a credit on its books equivalent to
the intrinsic value of the deposit. These credits were known as bank
money; and it was enacted by the legal authorities, that all payments of
bills of exchange exceeding six hundred guilders in value, should be
made in this bank money, which was equivalent to,...
