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Intensified Regulatory Scrutiny And Bank Distress In New York City During The Great Depression,” With Patrick Van Horn, Gary Richardson May 2009

Intensified Regulatory Scrutiny And Bank Distress In New York City During The Great Depression,” With Patrick Van Horn, Gary Richardson

Gary Richardson

Bank distress peaked in New York City, at the center of the United States money market, in July and August 1931, when the banking crisis peaked in Germany and before Britain abandoned the gold standard. This article tests competing theories about the causes of New York’s banking crisis. The cause appears to have been intensified regulatory scrutiny, which was a delayed reaction to the failure of the Bank of United States, rather than the exposure of money center banks to events overseas.


Enclosure For A Check Drawn On Bank Of The United States By Treasurer Of The United States, Thomas T. Tucker, To John Montgomery., Thomas Tudor Tucker May 1822

Enclosure For A Check Drawn On Bank Of The United States By Treasurer Of The United States, Thomas T. Tucker, To John Montgomery., Thomas Tudor Tucker

Broadus R. Littlejohn, Jr. Manuscript and Ephemera Collection

Thomas T. Tucker, treasurer of the United States, encloses a check drawn on the Bank of the United States for $18,273.05, issued by the Secretary of War, to John Montgomery, mayor of Baltimore. May 28, 1822.