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Banks do not close for more than three days in a row because people have banking that they need to get done. It is hard enough when banks are closed for three days.
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∙ 9y ago
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Is the government more likely to close small banks or larger banks?
I would think smaller ones, because if a Large Bank falls, there may be a destabilizing effect on the economy. TARP was aimed mainly at the large banks - which proved to be a smart decision because those banks are the backbone of the financial sector.
I have had a cheque from December can i still pay it in my bank?
Most banks will not honor a cheque which is dated more than 90 days past. Some banks allow for exceptions if it is a government cheque. Otherwise you will have to go back to the cheque isssuer and have them give you a new one.
What does it mean if you bank says - such n amount but i cant go over on my account i dont have an overdraft?
most banks have a 24 hours withdraw limit. for example in my bank i cant withdraw more that $500 in a 24 hour period, so is likely that you either have reached your limit or there is an error on the account
Why did many banks close in the late 1920s and early 1930s?
Poor policy making by the American Federal Reserve System and continuous crisis in the banking system allowed the money supply as measured by the M2 to shrink by one-third from 1929 to 1933. Public bank failures, particularly the Bank of the United States, produced panic and widespread withdrawals of funds from banks. This caused many more banks to fail and have to close their doors. This caused a downward spiral among bussinessmen. There was no way for them to get new loans, and no way to renew the loans they already had, so they stopped investing which caused more banks to go belly up. because they dint have enough money to give to people
How are city banks different from national banks?
City banks are only available in their respective cities and are more suited for people who don't expect to move around. National banks have locations across the country.
What happened to a river when sediment is deposited along its banks?
It might get more narrow, I mean since they are rocks it will close the path more
Is the government more likely to close small banks or larger banks?
I would think smaller ones, because if a Large Bank falls, there may be a destabilizing effect on the economy. TARP was aimed mainly at the large banks - which proved to be a smart decision because those banks are the backbone of the financial sector.
Why can't a bank be closed for more than 3 days?
There are many reasons why a bank cannot be closed for more than 3 days at a time. People rely on banks and money exchanges to survive for example.
How long does does the two motions of earth last?
There are more than two motions but the basic ones are:Revolutions Known as days that are very close to 24 hours in lengthOrbits of the sun that take close to 365.25 days
What does the US plan to take equity stakes in banks?
The Treasury is currently formulating plans on how they will take equity stakes in banks as of 10/13/08. More information will be available over the next several days and weeks.
How long does it take for an lip piercing to close up completely?
it can take from only an hour or two or a few days. when you first pierce it, you cant take it out for more than an hour. i had mine pierced for over a year now and i can probably leave it out for a week and it will still stay pierced.
What is quantatative easing?
Type your answer here... THE FED CANT REDUCE THE INTEREST RATES THAT IT CHARGES BACKS ANY MORE. THE ONLY ALTERNATIVE IS TO SIMPLY MAKE MORE MONEY AVAILABLE EL SO THE BANKS CAN MAKE THE LOANS
Why cant they predict the weather with accuracy for more than a few days?
because weather systems can change or move in a different direction
What is a ninja fish?
there is no ninja fish now a days.........we cant know more about it.May be some old Japaneses or Chinese know about it.
How long is ranger school?
in the shadows of almia not very long sorry i cant give you more info i wasnt counting the days
Top 20 banks in the Philippines?
allied banks and a lot more!
Is there a time limit for cashing an estate check?
There is a limit on cashing any check. Most banks will not honor a check more than 90 days old.
