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Keywords:Banks and banking - History 

Journal Article
Bank runs and private remedies

Review , Issue May , Pages 43-61

Journal Article
Resolving the national bank note paradox

During the 1882_1914 period, U.S. national banks could issue circulating notes backed by specified government securities. Earlier attempts to explain yields on those securities by costs of note issue discovered a paradox: yields were too high. We point out two previously ignored sources of costs: idle notes and note redemptions that were highly variable, thereby exacerbating the problem of managing reserves. We present data on idle notes and estimate, from partial data on redemptions, the uncertainty due to redemptions. We also present a semiannual time series of an upper bound on the average ...
Quarterly Review , Volume 16 , Issue Spr , Pages 13-21

Journal Article
Banking systems and economic growth: lessons from Britain and Germany in the pre-World War I era

Review , Issue May , Pages 37-48

Journal Article
Why did FDR's bank holiday succeed?

After a month-long run on American banks, Franklin Delano Roosevelt proclaimed a Bank Holiday, beginning March 6, 1933, that shut down the banking system. When the banks reopened on March 13, depositors stood in line to return their hoarded cash. This article attributes the success of the Bank Holiday and the remarkable turnaround in the public's confidence to the Emergency Banking Act, passed by Congress on March 9, 1933. Roosevelt used the emergency currency provisions of the Act to encourage the Federal Reserve to create de facto 100 percent deposit insurance in the reopened banks. The ...
Economic Policy Review , Volume 15 , Issue Jul , Pages 19-30

Conference Paper
Financial markets in transition; or, the decline of commercial banking

Proceedings - Economic Policy Symposium - Jackson Hole

Working Paper
Regulation and bank failures: new evidence from the agricultural collapse of the 1920's

This article examines the contribution of government policies to the high number of bank failures in the United States during the l920s. I consider the state of Kansas, which had a system of voluntary deposit insurance and where branch banking was strictly prohibited, and find that bank failure rates were highest in counties suffering the greatest agricultural distress and where deposit insurance system membership was the highest. The evidence for Kansas illustrates how prohibitions on branch banking caused unit banks to be especially susceptible to local economic shocks, and suggests that, ...
Working Papers , Paper 1991-006

Journal Article
The “monster” of Chestnut Street

The life and death of the Second Bank of the United States is a cautionary tale about the exercise of monetary power.
The Region , Volume 22 , Issue Sep , Pages 8-11, 40-46

Conference Paper
Contagion effects and banks closed in the free banking period

Proceedings , Paper 196

Journal Article
The financial crisis of 1825 and the restructuring of the British financial system

Review , Issue May , Pages 53-76

Journal Article

FRBSF Economic Letter



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Weber, Warren E. 10 items

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Banks and banking - History 111 items

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