Everything you wanted to know about banking history!
Did you know that commercial banks in the United States, which have been the main category of financial intermediary, did not begin until the late eighteenth century? They have been and continue to be an influential and powerful industry. This informative and fascinating book traces the history of commercial banking from its inception to 1988. The authoritative historical perspective provides a greater understanding of more recent times and of the many policy issues that have arisen through the years. In addition to being a remarkable piece of scholarship, it is a very readable book. It should be on the "must read" list of all students of finance and history, as well as others who are curious as to the role banks have played in our society.
From the back cover blurb:
Commercial banks have been America's main category of financial intermediary for many years. they have been and continue as an influential and powerful industry. Informative and fascinating, the book traces the evolution of commercial banking in the United States from its beginnings in the late eighteenth century until 1988. This historical perspective provides a greater understanding of more recent times and of the many policy issues that have arisen through the years...
From Carter H. Golembe, Managing Director and Chairman of the Board, The Secura Group:
A remarkable blend of scholarship and readability. It is not often that a work that surely will be used as an authoritative reference is also difficult to put down once it is opened.
From Larry Schweikart, University of Dayton:
Chock full of important information, Klebaner's concise volume could easily be called 'everything you wanted to know about banking history.
From Book News, Inc.:
Traces the evolution of commercial banking from before the American revolution, but particular emphasis is placed on the last 60 years, with the introduction of new credit instruments and the impact of government regulation and deregulation. Annotation copyright Book News, Inc. Portland, Or.
Benjamin J. Klebaner is a professor of economics at City College of the City University of New York. He earned his Ph.D. from Columbia University and taught at Rutgers University before joining the faculty of City College in 1954. An expert on banking practices past and present, Professor Klebaner has frequently testified before congressional banking and currency committees. For sixteen years he served as a regional economist for the office of the comptroller of the currency. He is a past associate editor of the Journal of Money, Credit and Banking.