And that sort of belief has the advantage that you can put it in the bank.
Remember, any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank.
It would take in the money, put it in its bank account, and when presented with bills that were approved, would pay those bills.
Or to put it in the jargon, the Bank of England may well try to reduce the so-called leverage in the mortgage market.
That is why the incident is more than a big embarrassment for JPMorgan, although - for the avoidance of doubt - it will put a dent in the bank's profits for 2012 but won't anywhere near eliminate them.
Afraid of similar taxation, the theory goes, people will close their bank accounts and either put money under the mattress or hide it in a foreign bank, probably in Germany.
To put it another way, the Bank is saying that in a business-as-usual way, with no stigma attached and at a cheaper interest rate, it will provide the funds that till now it would only provide through its so-called discount window - which is where banks go to borrow in an embarrassing emergency.
The Bank claims that it has put in place some of the most stringent safeguards ever.
To this day, people are reluctant to put their money in the bank in case somebody seizes it.
Cross border equity tie-ups between financial firms have enjoyed mixed success to put it mildly (think HSBC and Household Finance in the 2000s, or Deutsche Bank and Morgan Grenfell in the 1990s).
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"Barclays has fully collaborated with the supervisory authorities and has been completely transparent throughout the process, " a spokesman for the bank said, adding that it had put measures in place to make sure such an incident would never happen again.
Or, some might argue, a cleaner solution would be to physically separate the retail bank and investment bank - or to put it in starker terms, to break up Barclays.
Across Europe and in America, changes in banking law are being put in place which will make it easier to force bank creditors to share the pain of a failure next time.
To put it another way, a tiny difference in the Libor or Euribor rate could determine whether a bank like Barclays - and other banks - would make a profit or a loss on huge derivatives deals.
Or to put it another way, the Treasury, Bank of England and Financial Services Authority, in reforming the banking system to stabilise it and protect taxpayers, may have inadvertently reinforced the market dominance of the UK's Big Five banks.
The hope of Barclays is that a single code of conduct for the entire bank can be written and procedures put in place to make it effective.
The bank said it could not put a figure on how many of its customers in Northern Ireland were still affected by the crisis.
The Liberian government, in partnership with the World Bank's Water and Sanitation program, has already put it to good use Kugler says, mapping 10, 000 water points during 2011.
She said Chase had said it would put more money in the ATM on Monday but by midday Thursday she hadn't heard from the bank.
Assuming it passes that test, the ESM cannot be used for direct bank recapitalisation until a European supervisor is put in charge.
European authorities need to avoid a further sovereign credit rating downgrade of Greece, which would put it in default, as this would make Greek bonds no longer good enough to be held as collateral by the European Central Bank.
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