Basil Gage Catterns
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Basil Gage Catterns
Basil Gage Catterns (20 June 1886 – 5 February 1969) was the Chief Cashier and Deputy Governor of the Bank of England. He was born in Oswaldtwistle, Lancashire, son of the Rev. T.E.S. Catterns and educated at Trent College, Nottinghamshire. He was the uncle of the Australian businessman, citizen soldier and amateur yachtsman Basil W. T. Catterns. He spent five years with Manchester & Liverpool District Bank (later the District Bank) in Accrington and joined the Bank of England in 1908, becoming Assistant Chief Cashier in 1923 and Chief Cashier on 27 March 1929. He was replaced as Chief Cashier on 17 April 1934 by Kenneth Peppiatt. He then served as an Executive Director of the Bank and eventually as Deputy Governor from 1936 to his retirement in 1945. He was appointed High Sheriff of the County of London Below is a list of sheriffs of the County of London, from the creation of the county in 1889 to its abolition in 1965: *1889–1890: Alfred de Rothschild, of Senmore ...
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Bank Of England £5 Note 1931
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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