The Evolution of Texas Banking

Kory Killgo and Kenneth Robinson

Chapter 9 in Ten-Gallon Economy, 2015, pp 119-137 from Palgrave Macmillan

Abstract: Abstract The history of Texas banking is colorful and unique. The original state constitution explicitly banned state-chartered banks, exhibiting a distrust of concentrated power that would be evidenced into the twentieth century with resistance to branch banking. Before the Federal Deposit Insurance Corp., a unique state system protected depositors from loss and provided banks a choice of two deposit insurance systems. Texas banks suffered during the Great Depression, then underwent a more regional crisis in the 1980s as problems in the energy and real estate sectors devastated institutions and led to a record number of failures. Texas banks have since done generally well, weathering the Great Recession better than their counterparts elsewhere.

Keywords: Federal Reserve; Deposit Insurance; Bank Failure; Branch Banking; National Bank (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-53017-2_9

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DOI: 10.1057/9781137530172_9

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