Hostname: page-component-7b7567c8c-tnzcf Total loading time: 0 Render date: 2026-11-12T10:54:44.922Z Has data issue: true hasContentIssue true
  • English
  • Français

Early State Banks in the United States: How Many Were There and When Did They Exist?

Published online by Cambridge University Press:  27 June 2006

WARREN E. WEBER
WARREN E. WEBER
Affiliation:
Senior Research Officer, Research Department, Federal Reserve Bank of Minneapolis, 90 Hennepin Avenue, Minneapolis, MN 55401. E-mail: wew@minneapolisfed. org.
Rights & Permissions [Opens in a new window]

Abstract

Core share and HTML view are not available for this content. However, as you have access to this content, a full PDF is available via the 'Save PDF' action button.

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.

Information

Type
ARTICLES
Information
The Journal of Economic History , Volume 66 , Issue 2 , June 2006, pp. 433 - 455
Copyright
© 2006 The Economic History Association

References

Bentley Julius Marvin. 1969 “Financial Institutions and Economic Development in Mississippi, 1809 to 1860.” Ph.D. diss., Tulane University, New Orleans,
Bryan Alfred C. 1899 History of State Banking in Maryland. Baltimore: The Johns Hopkins Press,
Cable John Ray. 1923 The Bank of the State of Missouri. New York: Columbia University Press,
Cole David M. 1959 The Development of Banking in the District of Columbia. New York: The William-Frederick Press,
Dillistin William H. 1942 Directory of New Jersey Banks, 1804–1942. Moorestown: New Jersey Bankers Association,
Dillistin William H.. 1946 Historical Directory of the Banks of the State of New York. New York: New York State Bankers Association,
Dowrie George William. 1913 The Development of Banking in Illinois, 1817–1863. Urbana: University of Illinois,
Van Fenstermaker J.. 1965 The Development of American Commercial Banking: 1782–1837. Kent, OH: Kent State University,
French Bruce H. 1965 Banking and Insurance in New Jersey: A History. Princeton, NJ: D. Van Nostrand Company,
Hasse William Frederick. 1957 A History of Money and Banking in Connecticut. New Haven, CT: privately printed,
Haxby James A. 1988 Standard Catalog of United States Obsolete Bank Notes, 1782–1866. Iola, WI: Krause Publications,
Holdsworth John Thom. 1928 Financing an Empire: History of Banking in Pennsylvania. Chicago: S. J. Clarke Publishing,
Huntington C. C. July 1915 “A History of Banking and Currency in Ohio Before the Civil War.” Ohio Archaeological and Historical Quarterly 22 235– 539.Google Scholar
Kelly Denwood N., Armand M. Jr. Shank, and Thomas S. Gordon. 1996 A Catalogue of Maryland's Paper Money, 1790–1865. Part 2 of Money and Banking in Maryland. Baltimore: Maryland Historical Society,
Krause Chester L. 1994 Wisconsin Obsolete Bank Notes and Scrip. Iola, WI: Krause Publications,
Lesesne J. Mauldin. 1970 The Bank of the State of South Carolina. Columbia: University of South Carolina Press,
Neale Mabel Frances. 1933 “The History of Banking in Nebraska, 1854–1889.” Master's thesis, University of Nebraska, Lincoln,
Root L. Carroll. December 1901 “Twenty Years of Bank Currency Based on General Commercial Assets.” Sound Currency 8 209– 32.Google Scholar
U.S. Congress. House. December 1901 Various Executive Documents, 1833– 1860.
Walsh John J. 1940 Early Banks in the District of Columbia: 1792–1818. Washington, DC: Catholic University of America Press,
Weber Warren E. March 2003 “Interbank Payments Relationships in the Antebellum United States: Evidence from Pennsylvania.” Journal of Monetary Economics 50 455– 74.Google Scholar
Weems Robert Cicero. 1952 “The Bank of the Mississippi: A Pioneer Bank of the Old Southwest, 1809–1844.” Ph.D. diss., Columbia University,