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Quarterly Data on the Categories and Causes of Bank Distress During the Great Depression

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Gary Richardson

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Abstract

During the contraction from 1929 through 1933, the Federal Reserve System tracked changes in the status of all banks operating in the United States and determined the cause of each bank suspension. This essay introduces quarterly series derived from that hitherto dormant data and presents aggregate series constructed from it. The new data series will supplement, and in some cases, supplant the data currently used to study banking panics of the Great Depression, which was published by the Federal Reserve Board of Governors in 1937.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12715.

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Date of creation: Dec 2006
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Handle: RePEc:nbr:nberwo:12715

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Find related papers by JEL classification:
E0 - Macroeconomics and Monetary Economics - - General
E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
N1 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations
N12 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - U.S.; Canada: 1913-
N2 - Economic History - - Financial Markets and Institutions

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Lucia, Joseph L., 1985. "The failure of the bank of United States: A reappraisal," Explorations in Economic History, Elsevier, vol. 22(4), pages 402-416, October. [Downloadable!] (restricted)
  2. Romer, Christina D, 1993. "The Nation in Depression," Journal of Economic Perspectives, American Economic Association, vol. 7(2), pages 19-39, Spring. [Downloadable!] (restricted)
  3. Bernanke, Ben S, 1983. "Nonmonetary Effects of the Financial Crisis in Propagation of the Great Depression," American Economic Review, American Economic Association, vol. 73(3), pages 257-76, June. [Downloadable!] (restricted)
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  1. Gary Richardson & Patrick Van Horn, 2008. "Intensified Regulatory Scrutiny and Bank Distress in New York City During the Great Depression," NBER Working Papers 14120, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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