OPTIMUM RATE ON TIME DEPOSITS

Authors


  • I am indebted to Mona Dingle, Leon T. Kendall, and Roland I. Robinson for helpful comments on an earlier draft of this article. I should also like to acknowledge the helpfulness of the discussion of the question “Should Commercial Banks Accept Savings Deposits?” by Leland J. Pritchard, Edward E. Edwards, and Lester V. Chandler at the 1961 Conference on Savings and Residential Financing in Chicago, Illinois, and the article by Deane Carson, “Bank Earnings and the Competition for Savings Deposits,” Journal of Political Economy, LVII (December, 1959), 580–88.

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