Journal Article

Early state banks in the United States: how many were there and where did they exist?

Abstract: This article describes a newly constructed data set of all U.S. state banks from 1782 to 1861. It contains the names and locations of all banks and branches that went into business and an estimate of when each operated. The compilation is based on reported balance sheets, listings in banknote reporters, and secondary sources. Based on these data, the article presents a count of the number of banks and branches in business by state. I argue that my series are superior to previously existing ones for reasons of consistency, accuracy, and timing. The article contains examples to support this argument.

Keywords: Banks and banking - History;

Status: Published in Journal of Economic History> (Vol. 66, No. 2, June 2006, pp. 433-455)

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Bibliographic Information

Provider: Federal Reserve Bank of Minneapolis

Part of Series: Quarterly Review

Publication Date: 2006

Volume: 30

Issue: Sep

Pages: 28-40