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The Statistics of American Commercial Banking, 1782–1818

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  • Van Fenstermaker, J.

Abstract

In spite of its importance to economic development, much remains unknown about commercial banking in early America. The Historical Statistics of the United States gives the number of banks, their capital stock, bank note circulation, deposits, and specie for only four years prior to 1830, and these data are far from complete. Economic and financial historians generalize about this period from statistics presented in Albert Gallatin's Considerations on the Currency of the United States and from the reports of the Treasury Department, summarized in the Annual Report of the Comptroller of the Currency, 1876.

Suggested Citation

  • Van Fenstermaker, J., 1965. "The Statistics of American Commercial Banking, 1782–1818," The Journal of Economic History, Cambridge University Press, vol. 25(3), pages 400-413, September.
  • Handle: RePEc:cup:jechis:v:25:y:1965:i:03:p:400-413_05
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    Cited by:

    1. Peter L. Rousseau, 2010. "Monetary Policy and the Dollar," NBER Chapters,in: Founding Choices: American Economic Policy in the 1790s, pages 121-149 National Bureau of Economic Research, Inc.
    2. Rousseau, Peter L. & Sylla, Richard, 2005. "Emerging financial markets and early US growth," Explorations in Economic History, Elsevier, vol. 42(1), pages 1-26, January.
    3. Peter L. Rousseau, 2013. "Politics on the road to the U.S. monetary union," Vanderbilt University Department of Economics Working Papers 13-00006, Vanderbilt University Department of Economics.

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