A bank has been
defined as a moneyed institute founded to facilitate the borrowing, lending and
safe keeping of money and to deal, in notes, bills of exchange, and credits.
Moreover, an investment company which loans out the money of its customers,
collects the interest and charges a commission to both lender and borrower, is
a bank. Any person engaged in the business carried on by banks of deposit, of
discount, or of circulation is doing a banking business, although but one of
these functions is exercised.
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