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An Analysis of the United States Bank of Pennsylvania (1836‐1841)

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  • Zackary Baker

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

Abstract

The Second Bank of the United States, located in Philadelphia, served as the quasi central bank of United States for the duration of its federal charter, from 1816 to 1836. The bank was fully privatized in 1836 after its charter expired, and functioned as a state‐chartered bank with no unusual privileges until its liquidation in 1841. This paper discusses the bank’s underexplored private years, when it was known as the United States Bank of Pennsylvania. The balance sheets for these years were digitized for this paper and are analyzed here to understand the makeup of assets and liabilities and the causes of the bank’s failure.

Suggested Citation

  • Zackary Baker, 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.
    • Handle: RePEc:ris:jhisae:0101
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    File URL: https://sites.krieger.jhu.edu/iae/files/2018/04/SAE-No.101-April-2018-An-Analysis-of-the-US-Bank-of-Pennsylvania-Zackary-Baker.pdf
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    References listed on IDEAS

    as
    1. Adil Javat, 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.
    2. Rousseau, Peter L., 2002. "Jacksonian Monetary Policy, Specie Flows, And The Panic Of 1837," The Journal of Economic History, Cambridge University Press, vol. 62(2), pages 457-488, June.
    3. Scheiber, Harry N., 1963. "The Pet Banks in Jacksonian Politics and Finance, 1833–1841," The Journal of Economic History, Cambridge University Press, vol. 23(2), pages 196-214, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N21 - Economic History - - Financial Markets and Institutions - - - U.S.; Canada: Pre-1913

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