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To: Axenolith

Nope.

Depositor accounts are assets. They are not creditors.

Creditors to a bank are typically other banks.

E.g., that’s what the LIBOR rate is, the short term rate at which banks loan money to each other.


37 posted on 08/26/2016 10:27:52 AM PDT by fruser1
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To: fruser1

Yea, they are the banks asset though, not the depositor. The depositor is owed, though it is a demand deposit under normal circumstances.


44 posted on 08/26/2016 10:46:33 AM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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