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

Zackary Baker
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Zackary Baker: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 101, Studies in Applied Economics from 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.

Keywords: Second Bank of the United States; United States Bank of Pennsylvania; balance sheet; assets; liabilities; bank failures (search for similar items in EconPapers)
JEL-codes: G21 N21 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2018-04
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