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The Branches of the First Bank of the United States1

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  • Wettereau, James O.

Abstract

The most interesting and distinctive feature of the first Bank of the United States was its nation-wide operation through a system of branches. It is difficult to present an even reasonably definitive analysis of that system. The records available, although more adequate than formerly, are still sadly incomplete. Enough is known, however, to reveal many complexities, political, entrepreneurial and administrative. This paper is designed to offer only a rather sketchy treatment of the following phases or aspects of the subject: prototypes and predecessors of the Bank with special reference to branch-banking; the establishment of the eight branches of the Bank; the actual operation of the branches; and the relative measure of their liquidity when the Bank was subjected to the acid test of winding up its affairs.

Suggested Citation

  • Wettereau, James O., 1942. "The Branches of the First Bank of the United States1," The Journal of Economic History, Cambridge University Press, vol. 2(S1), pages 66-100, December.
  • Handle: RePEc:cup:jechis:v:2:y:1942:i:s1:p:66-100_08
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    Cited by:

    1. 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.
    2. Stefano Ugolini, 2018. "The Historical Evolution of Central Banking," Post-Print hal-01887004, HAL.

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