In the future, if all the people go to withdraw money together, no bank can afford it, and all of them will have to be liquidated and closed. So Qin Feng once said to Shu Zicheng that he couldn't deal with the bank run! It can only prevent the occurrence of runs!

The reason is very simple, the deposits are basically put into loans, and they will not be returned for a while. Let's withdraw money together, the bank has no money to withdraw, it's over!

However, the banks of later generations have a high degree of credibility, and even have the endorsement of the state power. So no one has the ability to trick ordinary people into going to a bank to withdraw cash en masse.

Even if there is an extreme phenomenon and there is a run on individual banks, this run, once it breaks down one bank, will have a ripple effect on other banks. So, while the banks will also compete with each other, the entire banking industry has an interbank association agreement. If any bank is run on, other banks will take out their own cash positions in accordance with the pre-agreed ratio in the agreement to support the run bank.

Finally, there is a strong guarantee. It is the central bank, also called the People's Bank. All the money of commercial banks, is deposited here. If a company is subject to a malicious run, the People's Bank of China can lend money to him. Wait for him to recover the loan, take a breath, and pay it back slowly!

If this is not enough cash, you can also issue cash directly. Depositors can print as much as they can take! In the vaults of the central bank, there is always printed cash, which can be sent out by marking a black number! Not enough? The money printing company is just working overtime!

Don't say it's a water release, it's called cash delivery! Because the cash that everyone withdraws is their own deposit, it should be circulated in the market!

What can you do when the depositor finally withdraws the money? Either save and go back to the bank.

Either it is consumed, and the merchant receives the money, or it is deposited in the bank, or it is paid to the upstream and downstream companies, and the upstream and downstream companies receive the money, or it is either deposited in the bank。。。。。。

In short, in the end, the money goes back to the bank. There are too many cash banknotes in the market, and the money goes back to the bank, and the bank recycles it.

Later, digital transactions increased, and banknotes were used less frequently. The money of ordinary people is a series of numbers. WeChat, Alipay, and credit card transactions are the addition and subtraction of each other's numbers. There is no risk of a run on withdrawals.

But at this time, the situation is completely different!

One is that the credit is not enough, and it is very likely that all depositors will come to withdraw money!

The second is that the people save real money! Take real money! If you don't have it, you can't print it.

The king of Chu was just anxious, and he really waited for a year and a half, so that the bank would withdraw it in advance after the loan was released. Qin Feng is in trouble!

Therefore, the run on the Chu Wangfu made Qin Feng understand a truth, some humanized rules of the bank in later generations are not suitable for the current Dahua at all! Chen Feng must not copy the practice of the Bank in the future, he has to change! And change beyond recognition!

Now that Hu Yujin mentions this matter again, he doesn't know that Qin Feng has changed the rules from the Chu Palace's silver deposit again!

Qin Feng said with a smile: "There is nothing to worry about this matter, I didn't think about it before." The bank deposit system has been changed! The current interest is lower, and the annual interest is 1 in 10,000 shares. 10,000 taels, one tael of interest a year. Classification is added periodically, in months, with a minimum of one month and a maximum of one year. Divided into twelve schedules. 1 month for a fixed term with an annual interest rate of 1% and 2% for a regular term of 2 months. And so on, the longer the deposit period, the higher the interest! The highest interest per year is 10% per year. It was a little higher than before, and the Chu Wangfu was very satisfied. However, it is not possible to withdraw early on a regular basis! When the sky falls, you can't take it! “

Hu Yujin nodded: "Then, people really have emergencies and need silver to save their lives?" ”

"The bank will investigate, it is indeed a life-saving and emergency, and the bank can issue a loan to bail out, and the loan interest does not exceed the interest on the deposit. The amount of the loan is determined by the bank! Qin Feng said with a smile: "A year is divided into twelve schedules, which is already very flexible!" Except for emergencies, it generally does not disturb the normal scheduling of capital transactions. “

"This really eliminates the risk of a run completely. Banks can maximize their use of deposits! But the market, is there such a big demand for loans? Hu Yujin continued to ask. Yue eBook

"The responsibility of the Jiangxi militia is to protect the people and the people, and if the customers who take out bank loans to go south to do business, if they pay 20% of the escort fee, they will be escorted by the militia in a unified manner. If the goods are robbed or robbed on the way, the bank will pay the full compensation. This alone is a lot more than that! ”

Buzz, this time it was really full of people. Who doesn't know that there are huge profits in business? These families all raise their own escort teams, and generally their own escort teams are used by themselves, and they are reluctant to protect others. It's another thing to huddle together. 's own escort team, if you lose one, you will really lose one.

Qin Feng said again: "Next, the militia will be expanded soon!" On the same day, the militia presented the flag, which received rave reviews in Nanchang, and many young people were interested in joining the militia. The militia is well paid, the training is strict, there is no shortage of funds, I have already booked 500 horses, and I will buy more horses for the militia in the future. Therefore, it is safe, the trade route is promising, and the panorama of bank loans is very good. Hehe, businessman, who doesn't want to go south to do business once? Like, who doesn't want to go to the two sides of the Qinhuai Strait to see it once? “

Ho-ho, a few people smiled. The atmosphere is much better than just now.

Hu Yujin smiled and said: "Head Qin explained that the bank does have a promising future. However, the deposit of Nanchang bank is always limited, and there is also a limit to what can be deposited in the bank. Nanchang is the richest king of Chu, the dignified Chu king's mansion, and the current silver is only more than 2 million, and the rest are assets, houses, fields, etc. Give the bank a full hand, and calculate it highly, you can have 10 million taels of deposited silver, which is the limit! After all, there are still expenses on weekdays, and you can't keep all the money in the bank! 10 million taels of silver deposits, can not be all released, there must be a little emergency, in addition to the interest on the deposit of silver, and then calculate the loan profit in the highest, at most one percent! One million taels. Eliminate management overhead, operational overhead. This bank doesn't make much profit in a year. This is still according to the best prediction of the bank's reputation, deposits, loans, according to the highest standards! If it's lower, I'm afraid of losing money! ”

Doing business all year round, the algorithm is indeed accurate! But how can banks, after they have credibility, survive only on this deposit and loan spread? Then the bank will have to lose!

Qin Feng stretched out a finger: "At present, the bank customers are all rich merchants. Therefore, the deposit of silver is limited, and in the next step, the bank will launch the silver ticket service for all the people. ”

"Silver ticket?" Hu Yujin was stunned.

"Yes, banks have developed a paper that is extremely difficult to imitate, as well as new printing techniques. Ordinary people, foreign merchants, it is inconvenient to carry silver taels, deposit silver into the bank, the bank issues silver bills, the face value of silver bills from one penny to one hundred taels, one thousand taels. It is easy to keep and carry, and you can also directly purchase and sell silver tickets. If you need silver, take the silver ticket to the bank, and redeem it when you see the ticket! Qin Feng said with a smile: "In this way, there are more than one or two million dollars in silver!" ”

The silver ticket system, in the time and space of Qin Feng, took several hundred years, and only existed in the late Qing Dynasty, and the issuance of silver tickets is called the ticket number. Because the silver ticket is easy to carry, it can be redeemed immediately at the ticket number, and it can also be circulated in the market, which is equal to silver. Therefore, the merchants accepted the fastest, and the common people, and finally the government, all accepted the silver tickets.

Successful person, celebrity Wei Xiaobao. There is a weapon, that is, to carry hundreds of thousands of taels of silver tickets with you, you can buy people when you should buy them, and you can smash people when you should smash them, which is really convenient! If you don't have a silver ticket, he can't carry it even if he is tired with cash!

Silver bills theoretically belong to paper money, and the former Dahua Dynasty and the Song Dynasty also issued paper money, called Jiaozi. Later, it made people angry, the reason is that Jiaozi is an independent currency, and the imperial court forcibly introduced it, not only did not strengthen management, improve technology, and put an end to counterfeit money. The imperial court itself also issued money wantonly, and when it was short of money, it printed Jiaozi. The real Jiaozi and the fake Jiaozi, the indiscriminate Jiaozi, formed a flood beast, devouring the people's trust in Jiaozi and the trust of the imperial court.

In the end, Jiaozi naturally returned to the essential value, a piece of waste paper. The people also ignored the ban, and spontaneously refused to accept all the children, only gold and silver. The Song Dynasty fell, which is also one of the reasons.

Silver tickets are not, and they belong to the silver standard. To put it simply, the silver bill is redeemed in full at any time, and it is not an independent currency, but a currency calculated in silver.

On the surface, the silver ticket is equal to the equivalent of silver taels.

Qin Feng once again elaborated on the use of silver tickets, and said: "This is more than depositing silver, and it can also be quickly accepted by the people. In the future, when our militia group pays salaries and banks pay salaries, they will directly issue bank bills. Qin Feng finally came with a mysterious smile: "Today has delayed a lot of time for everyone, Qin is really embarrassed, borrow a cup of Lushan Changqing tea, and wish you a prosperous business!" ”

Qin Feng raised the tea bowl with both hands, Gao Wenjin looked puzzled, hesitated, and also raised the tea bowl. Everyone took a sip of tea together.

Qin Feng is about to break up.

Out of the gate of Shilin Academy, Gao Wenjin couldn't help but ask, "Why didn't you repeat what Fang just explained to me?" I'm dumbfounded by you, and they'll definitely subscribe for shares when they hear it. ”

"You're a scholar, you've never been in business, and you can't see the mysteries of the bank! They are Taishan Beidou in the business world, if you want me to follow the guidance, then don't come! I thought that they would be able to see something and that they would probably rush to buy shares in the bank. In this way, we can rush in to be shareholders, so that everyone can be motivated and cooperate better. But I overestimated them, so I changed my mind! Originally, I wanted the bank to have more shareholders, and the bank would promote it faster, so that it could blossom everywhere in the south of the Yangtze River. There will also be less hassle and resistance. Look now. Qin Feng shook his head: "Let's do it ourselves!" “

But he said in his heart: In the end, there is a lack of thousand-year-old knowledge, even if these people are the best and the business talents, in fact, they are not enough.