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COMMERCIAL PAPER HOUSES




AGGER, B. E.
The Field for Bankers' Acceptances in Domestic
Trade," AMERICAN BANKERS' ASSOCIATION JOURNAL,
March, 1926, pp. 621, 656-659-




Author File
AGGER, E. E*
The field for bankers1 acceptances in domestic
trade, JOURNAL OF THE AMERICAN BANKERS ASSOCIATION,
March, 1926.
3 pp.




Commercial paper and
bank acceptances

AGGER, E. E.
The field for bankers' acceptances in domestic
trade, AMERICAN BANKERS' ASSOCIATION JOURNAL,
March, 1926, pp. 621-656-9.




AGGER, I. 5.
The field for bankers1 acceptances in domestic
trade AMERICAN BANKERS1 ASSOCIATION JOURNAL,
March, 1926, pp. 621, 656-9*

The bankers acceptance rather than trade
acceptance is best adapted to business needs in IKS.
The trade acceptance does not overcome the fundamental
defects of the open account system. (Abstract by ¥.0.
Veyforth, AMERICAN ECONOMIC REVIEW, June, 1926).




AGGER, E. E.

Author File

If reserve banks are limited to discounting,
it would mean practically a revolution in the whole
philosophy of the Federal Reserve System, AMERICAN
BANKERS ASSOCIATION JOURNAL,
December, 192A.
p. 361.




Commercial paper and bank
acceptances

AGGER, E. E,

Author File

If Reserve Banks are limited to discounting,
it wuld mean practically a revolution in the vhole
philosophy of the Federal Reserve System, JOURNAL OF
THE AMERICAN BANKERS ASSOCIATION,
December, 1924.




AGGER, E. E.

Author File

Development of an open market for commercial*
paper, THE ANNALS of the American Academy of
P o l i t i c a l & Social Science, v. 99, January, 1922,
pp. 209-17.




Commercial paper and bank
acceptances

AGGER, E. 1.
"Development of an open market for commercial
paper," THE ANHALS of the American Acadeay of P o l i t i c a l
and Social Science, v* 99, Jan. 1922, pp. 209-217.




Author File
AGGER, E. E.
The credit basis of commercial paper, AMERICAN
BANKERS1 ASSOCIATION JOURNAL,
November, 1917, pp. 344-45•




AGGER, E. E.
The credit basis of commercial paper,
AMERICAN BANKERS ASSOCIATION JOURNAL,
November, 1917> pp. 544-45.




Author ^ile
AGGER, **. E.
"Educational campaign concerning commercial
paper, AMERICAN ECONOMIC REVIEW, VII, March, 1917,
pp. 200-2.




Commercial Paper and Bank
Acceptances

AGGER, E. E.
Educational campaign concerning commercial paper,
AMERICAN ECONOMIC REVIEW, Vol. 7, March, 1917, pp.
200-202.




Creation of an open discount market
Importance immediately lessened by 2 factors:
(i) reduction of reserve requirements by F,R.
Act itself
(ii) great influx of gold from abroad
eased money situation so much there was little
inducement to banks to become concerned about
creating sizeable domestic paper market
Experts to be called upon: Seligman, Kemmerer, Patterson,
Moulton, Kinleyj Willis, M.C, Elliott
Gilbert Montague, TLB. Paton, John G.
Johnson and profs* Sullivsn, Brannan and
Villiston in practical and legal fields



Author File
AGGER, E. E.
Coiraaercial paper and the Federal Reserve Board,
THE ANNALS of the American Academy of Political &
Social Science, LXIII, January, 1916.




Commercial paper and bank acceptances

JIGGER, Eugene B.
"Commercial Paper and the Federal Reserve
Board," TH5 ANNALS OF THE AMERICAN ACADEMT OF
POLITICAL AND SOCIAL SCIENCE, Vol. LXIII, January,
1916.




AGGER, Eugene E.

Author

*'ile

"The Conmercial Paper Debate," JOURNAL OF
POLITICAL ECONOMY, XXII, no. 7, July, 1 9 U .

Commercial paper and bank acceptances




AGGER, Eugene E.
w

The Oommereial Paper D e b a t e / THE JOURNAL OF
POLITICAL ECONOMT, Vol. XXII, No. 7, J u l y , 1914.




ALEXA2JDER, J. S.
Commercial paper and i t s part i n present-day
financing, BANKERS MONTHLY,
September, 1926, pp. 11, 59.




ALEXANDER, J. S.

Author File

^Banking and Its Relationslp to Domestic Business
and Export Trade."
*
New York, National Bank of Commerce, 1920.
14 pp.
Commercial paper and bank
acceptances

* Director, FRB-NY, 1920-22; mem., Fed. Adv. Council,
1926-28.



ALEXANDER, J* S.
"Bankiag and Its Relationship to Domestic
Business and Export Trade.* New York: National
Bank of Commerce, 1920. Pp. 14*




AMERICAN ACCEPTANCE COUNCIL
BANKERS' ACCEPTANCES--VOLUME AND RATES IN THE
DISCOUNT AND MONET MARKETS. New York,
1928.




essrt/a.
BomrJ

reUt'rti

A/e»l/ur1</




h>
fov.

Accep7a*7<-e>s

AMERICAN ACCEPTANCE COUNCIL
Bankers1 Acceptances—Volume and Rates In the
Discount and Money Markets. New Tork, 1928.




*«<* Prunes • V<«> V U ,




1**T,

AMERICAN ACCEPTANCE COUNCIL

Pamphlets

Fred I. Kent: American Bankers Acceptances and Foreign
Trade•

Federal Reserve Board Regulations Relating
to Acceptances (Series of 1920) .
Bankers Acceptances: Principles and
Practices, Chaps. 1 and 2.
R. H. Treman: Elements of Trade Acceptance Practice.
George Woodruff: The Banker and Trade Acceptances.
New York:
Listed in American Economic Review, March, 1921.



Author File
AMERICAN EXCHANGE NATIONAL BANK
Acceptances. Their importance as a means of
increasing and simplifying domestic and foreign trade.
New York: American Exchange National Bank,
1st ed.,
1916. AS pp.
2nd rev. ed., 1921. 106 pp.




AMERICAN EXCHANGE NATIONAL BANK
Acceptances, their importance as a means of
increasing and simplifying domestic and foreign
trade, with a digest of the amendements to the
Federal Reserve Act, regulations of the Federal
Reserve Board, the United States Warehouse Act,
the Edge Export Finance Act, and the Federal Bill
of Lading Act* Prepared and issued by the American
Exchange National Bank, New York, 2d rev* ed., 1921.
106 pp.
1st ed., 1916* 48 pp.



ANDERSON, B. M., Jr.

Author File

Paper in national banks available for rediscount with Federal Reserve Banks, THE CHASE
ECONOMIC BULLETIN, Vol.
April 8, 1927, pp. 17-20.




ANDERSON, B. M.
Paper in national banks available for rediscount with Federal Reserve Banks, THE CHASE
ECONOMIC BULLETIN,
April 8, 1927, pp. 17-20.




BALABANIS, R. P.
THE AMERICAN DISCOUNT MARKET.
1935.




Chicago:

BEAN, R. H.
Are bankers making the best use of their
acceptance privilege? BANKERS MAGAZINE,
January, 1927.




BEAN, R- H«
11

Are bankers making the best us* of their
acceptance privilege?" BANKERS MAGAZINE,
January, 1927* Pp* 9*

The bank acceptance in this country has passed through
the stages of early interest, rapid expansion, curtailment
and concentration*
In 1926 only 175 banks were engaging
in the business and 80 per cent of the business was done
by 50 banks mostly in Rev Tork City* Abstract by V. 0.
Weyforth, AMERICAN ECONOMIC REVIEW, XVII, June,
1927, p* 381-




BEAN, R. H.
Are bankers making the best use of their
acceptance privilege? BANKERS MAGAZINE,
January, 1927*




BEAN, R. H.
ELEMENTS OF TRADE ACCEPTANCE PRACTICE.
New Yoxic: American Acceptance Council, 1921.
Pp. 16.




AOGER, Eugene E.
The Development of an Open Market f o r
Commercial Paper, THE ANNALS OF THE AMERICAN
ACADEMY OF POLITICAL AND SOCIAL SCIENCE, V o l .
XCIX, January, 1922.




BECKMAN, Theodore N. and BARTELS, Robert
CREDITS AND COLLECTIONS IN THEORY AND PRACTICE.
New York: McGraw-Hill Book Co., Inc., 6th ed., 1955.

Revised text covering field of consumer credit,
commercial bank credit and mercantile credit.
Emphasis is on management function in credits and
collections.




act

Oct. (ft?




p,

r

BRADY, J* E.
Acceptances and rediscounts under Federal
Reserve Act. BANKING LAV JOURNAL,
September, 1917.
pp. U.
An analysis of section 13 of the F*R» Act as construed
by the Federal Reserve Board




BRENTON, A. and KOELSCH, V. F. H.
Status of bank and trade acceptances
under the Federal Reserve Act, JOURNAL OF
THE AMERICA BANKERS ASSOCIATION,
December, 1915*

Both w r i t e r s are bankers who favor development of
such acceptances i n v o l v i n g domestic commercial t r a n s a c tions.




BRENTON, A. and KOELSCH, W. F. HStatus of bank and trade acceptances under the
federal reserve act, JOURNAL OF THE AMERICAN BANKERS
ASSOCIATION,
December, 1915*

Both writers are bankers who favor development of
such acceptances involving domestic commercial transactions. Abstract by Don C. Barrett, AMERICAN ECONOMIC
REVIEW, VI, March, 1916, p. 240.




M.
Money market
Burgess, W«Randolph
A new force in the money market*
(in:
A#B.A.Journal.
January, 1929, p.671-)
Dr. Burgess shows what acceptances are
coming to mean to banks in general, their
importance in the credit structure of the nation
and where they fit into the open market operations
of the Federal Reserve System*




BURGESS, W. R.
The banker's b i l l and the Federal Reserve Banks,
AMERICAN BANKERS' ASSOCIATION JOURNAL,
November, 1925, pp. 529-JO, 586-67.




BURGESS, V. R.
"The bankers' bill and the federal reserve system,"
JOURNAL OF THE AMERICAN BANKERS ASSOCIATION, November,
1925- Pp. U.

Explains the advantages of the banker* s acceptance
and shows the growth in its use since the Federal
Reserve Act. Abstract by V.O. Veyforth, AMERICAN
ECONOMIC REVIEW, June, 1926, p. 375.




BURGESS, ¥• R.
The bankers1 bill and the federal
reserve system, JOURNAL OF THE AMERICAN BANKERS
ASSOCIATION,
November, 1925.




CLAUSE!, J.
Economic advantages of trade and bank acceptances
BANKERS' MAGAZINE (London),
August, 1917.
pp. 9.




COMPTROLLER OF THE CURRENCY
ACCEPTANCE PRACTICES. A report by a eomnittee
of examiners to the Comptroller of the Ourreney,
Washington, D.C. Philadelphia? George H. Paine, 1922.




CONANT, Charles A.
The Rediscount and Acceptance System,
THE BANKERS MAGAZINE, XC, No. 4-, April, 1915, pp.
436-442; May, 1915, pp. 366-572.
Rediscounting—Bankers' acceptances




Coio *A> r
lite

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UtrrJtfsl'C Grid foreign
~Uieuru

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6'72-,

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2

^^

^ J£

DAILEY, D. M.
The early development of the notebrokerage business in Chicago, JOURNAL OF POLITICAL
ECONOMY,
April, 1938.
Pp. 16.




EATON, J. N.
COMMERCIAL PAPER|: ITS HISTORY AND DEVELOPMENT
AND THE PROBABLE EFFECT OF THE FEDERAL RESERVE ACT.
Nev York: Bankers Publishing Co., 1916.




BATON, J. N.
Effect of the federal reserve act o n t h e
coaanercial paper market, JOTJHNAL OF THE AMERICAN
BANKERS ASSOCIATION
August, 1916.
5 PP.

So long as reasonably cheap money prevails and the
Federal Reserve Board continues to make single-name
paper e l i g i b l e for rediscount, i t i s orobalilp that
l i t t l e effect •will r e s u l t . Abstract by Don C.
Barrett, AMERICAU ECONOMIC REVIEW, Dec". 1916, p . 990-




EDVAPDS, George V.
Foreign acceptances and the New York
discount market, THE CANADIAN BANKER, vol. 27,
January, 1921.




FEDERAL RESERVE BOLLETIH
Bankers1 acceptance financing in the
United States.
May, 1955-




FEDERAL RESERVE BULLETIN
Dealing i n Acceptances, October, 1921, p p . II66-117O.
Paper e l i g i b l e f o r r e d i a c o u n t a t Federal Reaerve Banka,
J u l y , 1950, pp. 400-410.
Purchase of brokers 1 paper, August, 1916, p p . 575-76
S h o r t - t e r m commercial paper, O c t o b e r , 1917» pf,{ 7?9"-40
The commercial paper bu8inea8, August, 1921, p p . 920-26;
and September, 1921, p p . 1052-57•




FRY, M. H.
Sale and distribution of acceptances. (Association
of Reserve City Bankers. Proceedings, n. p. 1918?
8°. 1918, p. 102-111.)




GREEF, Albert 0.
THE COMMERCIAL PAPER HOUSE IN THE UNITED
STATES. Harvard Economic Studies, Vol. LX.
Cambridge: Harvard University Press, 1938. Pp. xv, 459.
See for extensive bibliography
Review:
by B. H. Beckhart, AMERICAN ECONOMIC REVIEW, XXIX,
June, 1939, pp. 403-04.




GREEF, Albert 0.
THE COMMERCIAL PAPER HOUSE IN THE UNITED
STATES. Cambridge, Mass.: Harvard University Press,
1938.
Review: by Marcus Nadler, JOURNAL OF THE AMERICAN
STATISTICAL ASSN., v. 3U> March, 1939, ?• 199.
by Ivan Wright, JOURNAL OF POLITICAL ECONOMY, V. 47,
August, 1939, PP- 590-92.

Commercial paper market-- oldest and broadest part of
money market in U.S* and is direct outgrowth
of unit banking system
t» I: description of development of commercial paper
market from early days to 1936. Peak reached in 20s
and decline since 1933.
II: organization and operation of a commercial paper
house•
III: place for commercial paper house in financial syst
and attempt to link it with other short-term markets
in money market*
Operations of money market



HARDING, V. P. G.
"Federal Reserve Banks and the Development of
Bankers Accceptances in the U.S.," ECONOMIC WORLD,
June 10, 1922 (3 pp.)




HARDING, William Proctor Gould.
Address to American Acceptance Council, May
5, 1922. (Acceptance bulletin. New York,
1922. 8°. v. U, no. 5, p. 8-11.)




HARDING, V. P. G.
"Federal reserve banks and the development of
bankers1 acceptances in the United States," ECONOMIC
WORLD,
June 10, 1922* Pp. 3.




HARDING, V. P. G.
Banking and Credits—Developing the American
Acceptance Market, in RECONSTRUCTING AMERICA; OUR
NEXT BIG JOB, ed. by E. Vildman. Boston:
1919.




HARDING, V. P. G.
Banking and Credits—Developing the American
Acceptance Market, in RECONSTRUCTING AMERICA: OUR NEXT
BIG JOB, ed. by E. Wildman. Boston:
1919.




HECHT, R. S.
"Domestic acceptances; financing warehoused stables. New York: American Acceptance Council,
1919. Pp. 21.




v.f.
Acceptances

M
Hundhausen, Carl
New York ale Akzept-markt.
(In; Uagazin
der Wirtechaft, Mai 10,1928, • p # 735-)
Clipped and filed in v.f* with translation.
Showa a table of acceptances 1921*1928 on
other c i t i e s than N«Y#

Acceptances.
Title~-N«Y# ae acceptance market*




M
v.f •
Few York as an acceptance market.
*iccapt- Hundhausen, Carl
oncos
(In: Magazin der Wirtsehaft, Mai 10,1923,
p.735-)
Clipped and f i l e d in v . f . with t r a n s l a t i o n .
Shows a table of acceptances 1921-1928 on
other c i t i e s than N.Y.




IVES, M.
"The growing use of bankers' acceptances,11
JOURNAL OF THE AMERICAN BANKERS ASSOCIATION,
March, 1925.
Pp. 2.

Importance of bankers1 acdeptances among federal reserve
banks' earning assets. Points out that small attention is paid to changes in buying rates. Abstract by
W. 0. Veyforth, AMERICAN ECONOMIC REVIEW, XV,
Sept. 1925, p. 574.




\acc\l3

La-u*Ji*nc*




Meniere

JAY, Pierre
The Development of a Discount Market and Its
Relation to Our Foreign Trade.w An address delivered at the Third National Foreign Trade Convention. New Orleans, La., January 27-29, 1916.
New York: National Foreign Trade Council, 1916.




KENT, F. I.
Defenses of federal reserve acceptance
operations, TRUST COMPANIES,
January 1925*




KENT, Fred I.
"The development of the domestic and international use of the dollar acceptance,* EGQHOMIC WORLD,
January 10, 1925.

A plea for the development of a wide market for acceptances in the United States* Abstract by V. 0.
Wqrforth, AMERICAN ECOHOMIC REVIEW, XV, June,
1925, p. 394.




KENT, Fred I*
The development of the domestic and international use of the dollar acceptance, BOONOMIC WORLD,
January 10, 1925.




KENT, Fred I.
The development of the domestic and international use of the dollar acceptance*
(Economic world. New York, 1925* 4°. new
series, v, 29, p* 40-43*)
Address before American Acceptance Council,
New York, Dec. 12, 1924.




KENT, F. I.
"Defenses of federal reserve acceptance
operations," TRUST COMPANIES,
January, 1925*

Open market acceptance operations of federal reserve
banks are necessary for development of open discount market in bankers1 acceptances, which will help to
stabilize discount rates • Abstract by ¥• 0. Weyforth,
AMERICAN ECONOMIC REVIEW, XV, June, 1925, p. 394.




KENT, Fred I.
American bankers1 acceptance and
foreign trade.
New York:
1919* 27 pp.




LAV, William T.
Essentials in Developing a Broad Discount
Market for Acceptances, TRUST COMPANIES, Vol.
XXVIII, No. 3, March, 1919.




LAW, William T.
"Essentials in Developing a Broad Discount
Market for Acceptances," TRUST COMPANIES, Vol.
XXVIII, No. 3, March, 1919.




LEWIS, G.
The growth of acceptance business, JOtJRNAL OF
THE AMERICAN BANKERS ASSOCIATION,
December, 1916.
pp. 3.




MARKS, Norris
CREDIT AND COMMERCIAL PAPER; A REVIEW OF
THE ACCEPTANCE SYSTEMS IN THE UNITED STATES, IN ENGLAND
AND IN FRANCE. New York: J. W. Black, 1924. Pp. xiii,
248.




MARKS, M.
CREDIT AND. COMMERCIAL PAPERj A REVIEW OF. THE
ACCEPTANCE SYSTEM IN THE UNITED STATES, IN ENGLAND, AND
IN FRANCE. New Yoric: J . V. B l o c k , 1 9 2 4 . P p . x i i i , 2 4 8 .




McAVOY, ¥•
The economic Importance of the commercial
paper house, parts i-ii, JOURHAL OF POLITICAL
ECONOMX,
December, 1921 j
February, 1922.




MARTIN, B. F.
Recent movements i n the commercial paper
market, HARVARD BUSINESS REVIEW,
A p r i l , 1951 » PP« 5<50-570.




McAVOY, ¥alter
The ecoaoaic importance of the commercial
paper house, JOURNAL OF POLITICAL ECONOMY, Vol. 25,
Ho. 1, Feb., 1922, pp. 78-87.




MoAVOY, Walter
The economic importance of the commercial paper
house, JOURNAL OF POLITICAL ECONOMY, Vol. 30,
Feb. 1922, pp. 78-87.




Financial organization

McAVOT, Walter
The Economic Importance of the Commercial Paper
House, JOURNAL OF POLITICAL ECONOMT, Vol. 30, no. 1 ,
February, 1922, pp. 78-67.




AfeecM

S. P.
4

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bat*

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frpril




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19*7 pf> .

OF

J77-

BOS/AJ&S

MBBCH, S. P.
Recent Tendencies in Credit Relations
Between Commercial Paper Houses and Business
Concerns, (University of Chicago) JOURNAL OF
BUSINESS,
December, 192J, pp. 52-71,




IMEECH

S.P.
t

Jkrooqh

Cowncrctaf

l/o/, 3/ too . 9 /Jpn/




Deeper

'9*3

/SSiJtrs,

pp . *?</ - 92

KSEOH, S. P.
Financing a change of business through commercial
paper issues , JOURNAL OF POLITICAL BCONOHY,
April, 1923, pp. 294-6.




MESCH, S. P.
Financing expansion at the peak of the cycle
by short-rtera loanB, (University of Chicago) JOURNAL
OF BUSINESS,
February, 1923, pp. 221-9-




Author File
MILLER, Adolph C.
Federal Eeserve discount policy and the diversion
of credit into speculative channels, TRUST COMPANIES,
1925.




MILLS, A. L.
Finance and Foreign Trade* Address before
42nd National Foreign Trade Convention, New Tork
City, Nov* H > 1955* Washington: B/G of Fed. Res.
System, 1955. 12 pp.




°1 Open

Warhol"

OP POUriCtfL




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£tOi\)6M1

fa/-

OouR/u/fc
3/

MINTS, L. W.
Expansion of fixed and working capital by
open-market borrowing, JOURNAL OF POLITICAL
ECONOMY,
April, 192J, pp. 299-502.




iVie

production,




o*

^ood*

Sofc/

£>r £cfor<*

MINTS, L. W.
Open market borrowing to finance the production
of goods sold for future delivery, JOURNAL OF
POLITICAL ECONOMY,
February, 1925, pp.
128-158.




NADLER, Marcus
"Effect of new regulations in development of
bankers1 acceptances," TRUST COMPANIES,
August, 1922.
Pp. A.

American acceptances are now placed on the same level
with those of European nations.
Abstract by N.R. Whitney, AMERICAN ECONOMIC REVIEW,
XII, Dec. 1922, p. 707;




PIERSON, L. E.
The trade acceptance in national preparedness,
New York: Irving National Bank, 191?. Pp. 22.




POWELL, Charles L.
Eligibility for discount, THE ANNALS of the
American Academy of Political & Social Science,
Vol. XCIX, Januaiy, 1922.




POWELL, C. L.
E l i g i b i l i t y for discount, THE A?®JALS of the
American Academy of P o l i t i c a l & S o c i a l S c i e n c e ,
Vol.
99 , Jan. 1922, pp. 105-11J.




READ, L. M.
THE STORY OF COMMERCIAL PAPER.
& Co., 1931.




New York: R. G. Dun

EOVENSKY, J. E.
"The acceptance as the basis of the
American discount market." New York: American
Acceptance Council. Pp. 12.




ROVENSKT, J. E.
THE ACCEPTANCE AS THE BASIS OF THE AMERICAN
DISCOUNT MARKET.
New York:
1919.




i

t)r*7er/cj*j

Viscount

(rl&yKct

New y„fi, kly



/

.

/t<1 -

ROVENSKX, J. E.
The acceptance as a basis of the American
discount market, ECONOMIC VOBLD,
June H , 1919.
U pp.




ROVENSKY, John E.
"The Acceptance as the Bq£s of the American
Discount Market.* Published by the National Bank
of Commerce, New York City, July, 1919*




SACHS, M . I .
Ten year growth of bankers1 acceptances,
COMMERCIAL AND FINANCIAL CHRONICLE,
December 21, 1928.




SCHAFFNER, R. C.
The relation of the new currency act to
the work of commercial paper houses, JOURNAL OF
POLITICAL ECONOMI,
April, 19H*




SOHAFPNER, R. 0.
The Relation of the New Currency 4ot to the
Work of Oomnercial Paper Houses, JOURNAL OP POLITICAl
April, 1914, pp. 558-564.







SNYDER, Carl
"The influence of the interest rate on the
business cycle," AMERICAN ECONOMIC REVIEW,
1925.