The Statistics of American Commercial Banking, 1782–1818

In spite of its importance to economic development, much remains unknown about commercial banking in early America. The Historical Statistics of the United States gives the number of banks, their capital stock, bank note circulation, deposits, and specie for only four years prior to 1830, and these...

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Bibliographic Details
Published in:The Journal of economic history 1965-09, Vol.25 (3), p.400-413
Main Author: Van Fenstermaker, J.
Format: Article
Language:English
Subjects:
Bank capital
Bank liabilities
Bank stocks
Banks
Capital stocks
Commercial banking
Commercial banks
Encyclopedias
Paper money
Private banks
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Summary:In spite of its importance to economic development, much remains unknown about commercial banking in early America. The Historical Statistics of the United States gives the number of banks, their capital stock, bank note circulation, deposits, and specie for only four years prior to 1830, and these data are far from complete. Economic and financial historians generalize about this period from statistics presented in Albert Gallatin's Considerations on the Currency of the United States and from the reports of the Treasury Department, summarized in the Annual Report of the Comptroller of the Currency, 1876.
ISSN:0022-0507
1471-6372
DOI:10.1017/S0022050700057375