Zhao Yan is now very wealthy, and a large amount of silver in the treasury is being stamped into silver dollars by the Mint, and after nearly four months of development, the size of the Mint has doubled.

200,000 taels of silver and 300,000 taels of silver were shipped every day.

Silver dollars, silver horns, and copper coins can be seen everywhere in the Shandong market, and all three are very strong, and silver dollars continue to be issued, and silver and pure copper are constantly withdrawn.

The newly issued silver dollar was called the rice dollar because of the rice ear pattern on the obverse of the silver dollar. In some areas, it is called the 'cannon element', and the pattern on the back is a cannon with a musket underneath.

Obviously, this is a very popular currency in the market, since the Zhaojiabao Mint issued the silver dollar, people have become much more convenient in the transaction, no need to look at what color, weight, Shandong's silver dollar, silver horn, copper coin size and fineness are unified, the difference is so small that it can be ignored.

Since there are armed police in all provinces, Den Lai Bank is being opened all over the country.

At present, Denglai Bank can make a profit of 3 million taels in a quarter, and the high profit is attractive, so private banks have also appeared in Shandong.

After registration, these private banks use the same business methods as Denglai Bank, but the private banks are more flexible in terms of operating methods.

For this reason, Zhao Yan also specially promulgated the "Financial Management Law" to prevent these banks from messing around.

Although he likes to have a few more banks to form a convenient financial system, there are also problems, if these banks mess up and lose the depositors' money or are greedy, Zhao Yan will eventually have to admit the account, of course, he can not admit it, but the loss is that the money is the people's.

The financial industry is a very complex thing, and in order to achieve a certain convenience, it may also cause some hidden dangers, so there is such a thing as a financial crisis.

The banking crisis has a domino effect. Because asset allocation is the main business of commercial banks and other financial institutions, the complex creditor's rights and debts relationship between financial institutions due to asset allocation makes the risk of asset allocation highly contagious. Once a financial institution makes a mistake in asset allocation and cannot guarantee a normal liquid position, a single or partial financial difficulty will evolve into a global financial turmoil.

Whether the bank has lost money or not is a very important link. Banks are a place where money goes in and out, so even if it is a loss, it can still last for a long time, but once it collapses, it is already a very serious time, so financial supervision is very important.

Therefore, Zhao Yan legislated that banks should be responsible for bad debts, and when bad debts reach a certain level, they cannot involve high-risk investment projects, and can only invest in designated projects with small risks and small returns. And Zhao Yan also set up a special department to help the bank recover bad debts.

At the same time, a deposit insurance system should be established, which is a kind of financial security system, which refers to the establishment of an insurance institution by the financial institutions with the surname of various depositors who meet the requirements, and each depository institution as the policyholder pays insurance premiums to it according to a certain proportion of deposits, establishes deposit insurance reserves, and provides financial assistance to the member institutions or directly pays part or all of the deposits to the depositors when the member institutions have a business crisis or face bankruptcy and bankruptcy, so as to protect the interests of depositors, maintain bank credit, and stabilize the financial order.

Such a safeguard system can contain the financial crisis caused by the banks and stop the contagion.

At the same time, the Department of Finance was established at Denlai University to cultivate talents in this field.

By September, five banks had been established in Shandong, and these five banks, together with Denglai Bank, had begun to build a financial network in the whole of Daming.

Every bank issued silver dollars supplied by the Mint, and took silver and pure copper for the Mint free of charge. The Mint is at full capacity, processing currency 24 hours a day.

For Zhao Yan, the speed of making money this year is far faster than the speed of spending money.

And it was much faster, so Zhao Yan began to spend money everywhere.

There are many ways to spend money, the most basic is infrastructure construction, Zhao Yan is not playing false, and there is no need for any cabinet loans, so he directly took out 30 million taels and smashed it on water conservancy.

Anyway, what the cabinet is his, and what is theirs is still his. The object of the cabinet's borrowing is the bank, and Zhao Yan admits that it caused bad debts.

Now that I have money, I naturally don't need the cabinet to borrow money from the bank, and there is no rate of return on water conservancy, because there is still not much in terms of Xingli, and the agricultural tax is the only Xingli, and the agricultural tax may not be able to repay the money, so this is more than the money or Zhao Yan paid in advance.

Zhao Yan now has basically no place to spend money except for the construction of infrastructure that has no return, and the only places that need to spend money are education and military, which is more than enough compared to this year's fiscal revenue.

Most of those investment projects that have returned have been invested by Downe Bank.

The bank that recovered the funds soon launched a new round of investment, and the bank is a bank fully controlled by Zhao Yan, and has now absorbed nearly 80 million taels.

Previously, 20 million taels were lent to the cabinet, and 10 million taels were used to maintain operations, and the remaining 50 million taels have basically been invested.

Downer Bank is very cautious in its investment, and the projects it invests in are basically stable projects.

These stabilization projects are divided into two types: windfall profits and non-profiteering.

In profiteering industries, such as steam engines, Denley Bank invested in the Downer steam engine factory, so that the steam engine factory had enough financial resources to expand production. Of course, the proportion of investment scale is very small. In addition to the manufacture of steam engines, it also invested in factories that greatly increased productivity because of steam engines, and investment in steam engine manufacturing plants was a prerequisite, because only with steam engines can there be a leap in productivity and the generation of huge profits.

The first investment is naturally the industry of various commercial departments, with the injection of bank funds, Zhao Yan only needs to wait to collect the money, and there is no need to invest money in it at all.

For industries that are not involved in the Ministry of Commerce, such as those commodities that the Ministry of Commerce is not involved in manufacturing, and can be produced using steam engines, the banks will also take out the money to find private joint ventures to set up factories, or lend loans to private enterprises to set up factories.

Generally, the joint ventures are all real material manufacturers, and those shell manufacturers are impossible to let the bank joint venture, and the goods produced at the same time must have better prospects, so the bank will pay for the joint venture.

Those manufacturers with insufficient funds will find banks for joint ventures, while some manufacturers just borrow from banks, each with its own choice and its own benefits.

With the current situation of the steam engine in the present, Downer Bank has invested heavily in manufacturing.

At the same time, Denlai Bank also invests in minerals, because the armed police force is stationed in the provinces, Denlai Bank's investment projects can be guaranteed by force, so that they will not be destroyed, so it cooperates with mining companies under the Ministry of Commerce to carry out prospecting and mining in various places.

The Ministry of Commerce did not have enough funds to mine minerals on a large scale, so the injection of funds from the Denlai Bank gave the Ministry of Commerce the capital to mine everywhere.

Denlai Bank is more involved in the investment in transportation, and the investment in roads and railways has been covered by Denlai Bank, and a large amount of money has been invested in the construction of roads and railways.

Roads and railways are profitable, after the completion of the toll can be collected, but the rate of return is relatively fixed, according to the current savings interest rate, the rate of return of the railway and highway is at 20%, that is, after adding the cost of the savings interest rate, can only collect more than 5% of the total toll, once the collection is full, the road will stop charging, and the railway will also enter the state of parity operation without loss.

At the same time, Denglai Bank also invested in the construction industry, and invested heavily in the construction industry, of course, this is Zhao Yan's idea, with the current development direction, the construction industry will inevitably prosper in the future.

Don't talk about the future, for now, as soon as the reinforced cement is produced, there is no need to worry about not being able to sell it. With the economic development of Shandong, the construction industry has gradually become one of the pillar industries.

Denglai Bank spent money everywhere to repair the project, which also played a role in fueling the fire. This is also a double-faced surname, if there is no prosperity in the construction industry, how to repair the project? If the project is not repaired well, how can the investment be recovered?

All steel bases and cement manufacturing plants have received capital injections from Downer Bank. By September alone, the Ministry of Commerce had set up six major steel companies in Daming, and cement factories were scattered all over the place.

In addition, Denglai Bank is also actively injecting capital into shipyards, and it is very easy to inject capital into almost all shipyards that meet the requirements of business evaluation.

In addition to the funds lent out, the deposits absorbed by Denglai Bank are basically invested in these promising industries, which are all projects with insurance and stable surnames, and there are two kinds of profits in terms of profits.

The investment in transportation belongs to the investment category that can only protect the principal, there is no windfall profit, but it is absolutely insured, when the bank's funds can not find the investment object, the transportation is a good choice, if the money is all put in the treasury will be a loss, because the savings interest rate is relatively high.

Due to the large number of long-term investments, although there is no possibility of bad debts, and in the case of continuous investment, Zhao Yan has higher requirements for the operation of the bank.

In the case that most of the funds are invested, if there is a run, there will be a crisis in Downer Bank, which will spread to all aspects and cause a banking crisis.

Therefore, the first thing to do is to prevent the malicious dissemination of false information, and at the same time, Denlai Bank should strengthen management to prevent insufficient cash reserves in all branches.

The bank's money itself is not as much as it used to be, so this strengthening of management means that we must be vigilant when 'tearing down the east wall and making up the west wall', so as to avoid loopholes that may cause depositors to panic and run on the bank.

However, at present, Denglai Bank has not yet been opened in various counties and localities, and there are still a large amount of funds in the private sector that have not been absorbed, so in the case of continuous absorption of funds, the funds will still be relatively sufficient, and the ability to resist the run is still relatively strong.

This anti-war model is that all depositors borrow money, but they do not borrow usury, although the interest rate is also relatively high, but it is not ridiculously high, but a moderate and acceptable range.

And the depositor's money is ostensibly still there and can be accessed, as if the money has doubled and is taken out by the bank for investment.

If the investment is not good, the money is lost, although the development has also accelerated, but it is a bad surname, and the model of demolishing the east wall and making up the west wall will be smashed sooner or later.

Due to the advent of the steam engine, there has been a huge increase in productivity, so even if there are some bad debts in the investment of Denglai Bank, as long as it waits for a while, it will generally be in the red.

In the investment projects, 30% of the loans are made by the Ministry of Commerce, and 20% are joint ventures with the Ministry of Commerce. 30% for transportation investment, 10% for private loans, and 10% for private partnerships.

The share of the joint venture with the private sector is the smallest, but it is the most essential part of the selection, and it is also the type of profit and loss.

At the request of Zhao Yan, Denglai Bank has adopted a withdrawal appointment system to prevent a run, and any cash withdrawal exceeding 5,000 taels must be made 7 days in advance.

Generally reach a relatively large number, people use the silver ticket issued by Denglai Bank, the anti-counterfeiting ability of the silver ticket is very high, because the silver ticket paper is relatively large, the text on it is specially engraved poetry template, as well as a variety of pattern templates, are carved by famous teachers, to carve such a complex and identical template, it is almost impossible to complete the task.

The silver ticket has the surname of paper money, but it is different from paper money, it has a larger denomination, and the size is also larger, and there are more anti-counterfeiting points and more complex.

As more and more branches were opened at Downer Bank, and the number of people exchanging large amounts of cash began to decrease. The reservation system does not affect transactions. If you want to trade, you can trade with a silver ticket. No matter what kind of merchant they are, they all accept and recognize silver tickets.

In this way, the bank can know the total amount of cash withdrawn in the next seven days, and then coordinate with the surrounding branches, sub-branches and head offices to transport the cash to the place under the escort of the armed police force.

And those small withdrawals must be completely protected, otherwise it is inevitable that rumors will appear, which will lead to a run.

This year, under the continuous throwing of money by Denglai Bank, projects, factories, and mines are starting construction everywhere, so workers are being recruited everywhere.

In addition to recruiting immigrants from other provinces, the recruitment bureau is also recruiting workers everywhere, and those farmers who have lost their land and homes because of bankruptcy have been recruited in large numbers by Shandong, and tens of millions of people have gone into factories and onto construction sites.

Its main force is the construction industry and infrastructure construction projects, as well as shipyards and manufacturing.

The massive capital injection of Denley Bank, directly or indirectly, has fed at least four or five million families.

On the other hand, the demand for agriculture has increased, and a large number of recruits and immigrants have reduced agricultural production to a certain extent and greatly stimulated agricultural production.

At present, the atmosphere and motivation of agricultural production are there, but the problem is that there is no infrastructure, and industry without agriculture is just a castle in the air.

Therefore, Zhao Yan, who had so much money that he had no place to spend it, threw another 20 million taels on water conservancy.

Now it's the money that's smashed.

(To be continued)