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The Bank and the Water Utility
Author(s) -
Wharton Donald G.
Publication year - 1966
Publication title -
journal ‐ american water works association
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.466
H-Index - 74
eISSN - 1551-8833
pISSN - 0003-150X
DOI - 10.1002/j.1551-8833.1966.tb01673.x
Subject(s) - collateral , bond , business , water utility , finance , watershed , water supply , environmental science , computer science , environmental engineering , machine learning
This article describes how the banking industry has played an important role in water industry projects financed by bond issues. The bank looks upon the utility as a source of inventory money, just as the utility looks upon a watershed or a river as the source of its inventory. The deposit accounts are the reservoir for the bank, and services are provided to divert utility funds into this reservoir. The bank's objective is to assist the utility in this management and to provide other services as collateral benefits.