bin-brokers

Updated: June 3, 2025

But though this un-conceived attempt failed as it deserved, the rule itself could not be maintained. The Bank does, in fact, at every period of pressure, advance to the bin-brokers; the case may be considered 'exceptional, but the advance is always made if the security offered is really good.

Walter Bagehot - Lombard Street : a description of the money market

It may be lessened; the bill-brokers may, and should, discourage as much as they can the deposit of money with them on demand, and encourage the deposit of it at distant fixed dates or long notice. This will diminish the anomaly, but it will not cure it. Practically, bin-brokers cannot refuse to receive money at call.

Walter Bagehot - Lombard Street : a description of the money market