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Senators Sherrod Brown, Democrat of Ohio, and David Vitter, Republican of Louisiana, have two aims in writing their bank bill.
Aghast at the bank bill, James Madison, then a congressman from Virginia, pored over the Constitution and could not "discover in it the power to incorporate a bank".
A "bad bank" bill being rushed through Parliament would leave banks liable for eventual losses on the debts they parked in state-backed special-purpose vehicles.
When a student asks, 'Why did Andrew Jackson veto the bank bill?,' we don't stumble around and give 15 different scenarios.
The market was certainly leaning that way, pushing December bank bill futures down 0.05 points and the local dollar up over half a U.S. cent to $0.9370.
It also raised its outlook for 90-day bank bill rates to 3 percent in the quarter that will end next June, indicating that rates may rise a quarter percentage point by that time.
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You will be able to have a credit card or your bank account billed every month.
I don't think it's a big problem; lots of central banks have authority to issue central bank bills.
The central bank has also pressed commercial banks to buy central bank bills that pay very low rates of interest and has used the proceeds to buy dollars.
Through open-market operations, it can buy securities (including its own central bank bills) with freshly created money, thereby adding cash to the banking system.
The People's Bank of China announced Thursday that the yield from its weekly sale of three-month central bank bills had inched up to 1.3684 percent.
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