The Bank of Neoxian: October 2019 update, APR: 6.25%

Hello city folks, it's time for me to give my monthly bank report.

APR is 6.25%

The Federal Reserve has lowered their rate again, but my rate remains at 6.25%.

Lower liquidity

My liquidity as suffered a bit this month. It seems I have had to tell clients several times "I don't have enough money to lend at the moment.".

One problem is that some of my clients are paying me back in Neoxag rather then Steem, which is fine, I want to support my fledgling currency, but, since no one wants to borrow Neoxag (and I can't dump it), the result is lower liquidity.

My Bank is taking a small hit to support the Tribe.

Not to worry though, I'm still giving loans, many loans are to repeat trusted customers lately, and I've not been making posts for them. You see them if you peek at my transactions.

Tribe and Neoxag - the halving

The biggest news this month with my tribe is that I cut the print rate in half. It's mentioned in the city paper here:
https://www.neoxian.city/neoxian/@neoxiancity/the-halving-is-here-outstanding-citizen-award-neoxag-moons-curator-picks-and-more

This move was intended to benefit anyone who was currently holding the currency at the time. Hopefully this is the last "major" change in the currency for now.

Also the planned miner drop of 5 neoxagm miners to Tribe Team members and citizens happened Oct 20th.

The Guild of Neoxian

We managed to increase the size of the Tribe Splinterlands guild to level 10, the max level. Though the guild probably isn't a direct money maker, it is an important for the Splinterlands ecosystem, which the Bank supports. And it's fun, so why not?

Depositor Report

Depositor	Amount	Currency	Monthly Interest	New Amount
jznsamuel	28.226	SBD	0.147	28.373
sevinwilson	84.678	SBD	0.441	85.119
sevinwilson	1355.179	steem	7.622	1362.802
ekavieka	29.355	SBD	0.152	29.508
runridefly	112.904	steem	0.588	113.492
legendchew	26.608	SBD	0.138	26.746
smitop	113.169	steem	0.589	113.758
darkflame	10.370	steem	0.0540	10.424
sames	27.590	SBD	0.143	27.734
theb0red1	15.474	SBD	0.0805	15.555
artgirl	45.067	SBD	0.234	45.302
loler555	32.502	SBD	0.169	32.671
khan.dayyanz	5.052	steem	0.0263	5.078
weedcash.rewards	64	neoxag	new	64
anarchy999	62.978	neoxag	new	62.978

• Numbers rounded for display purposes

Until next time, may the banks be with you.