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An Analysis of the Balance Sheet of the First Bank of the United States

Author

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  • Javat, Adil

    (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)

Abstract

The First Bank of the United States was established in 1791 and was chartered for 20 years. Analysis of its balance sheet (digitized for the first time in an accompanying spreadsheet workbook) allows us to paint a picture of the landscape of the economy and significant financial events that occurred during its existence. This paper shows how the composition of the bank's assets and liabilities changed over time and how their geographical distribution changed.

Suggested Citation

  • Javat, Adil, 2017. "An Analysis of the Balance Sheet of the First Bank of the United States," Studies in Applied Economics 74, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    • Handle: RePEc:ris:jhisae:0074
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    File URL: https://sites.krieger.jhu.edu/iae/files/2017/04/An-Analysis-of-The-First-Bank-of-the-United-States-Balance-Sheet.pdf
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    References listed on IDEAS

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    1. Timberlake, Richard H., 1993. "Monetary Policy in the United States," University of Chicago Press Economics Books, University of Chicago Press, edition 1, number 9780226803845, November.
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    Cited by:

    1. Baker, Zackary, 2018. "An Analysis of the United States Bank of Pennsylvania (1836‐1841)," Studies in Applied Economics 101, The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise.
    2. Stefano Ugolini, 2018. "The Historical Evolution of Central Banking," Post-Print hal-01887004, HAL.

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    More about this item

    Keywords

    First Bank of the United States; balance sheet; branch banking;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • N21 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: Pre-1913

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