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A comparison of the stability and efficiency of the Canadian and American banking systems, 1870–19251

Published online by Cambridge University Press:  12 September 2008

Michael D. Bordo ,
Hugh Rockoff  and
Angela Redish
Michael D. Bordo
Affiliation:
Rutgers University and the NBER
Hugh Rockoff
Affiliation:
Rutgers University and the NBER
Angela Redish
Affiliation:
University of British Columbia
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Type
Articles
Information
Financial History Review , Volume 3 , Issue 1 , April 1996 , pp. 49 - 68
Copyright
Copyright © European Association for Banking and Financial History 1996

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References

2 Carr, J. L., Mathewson, F. and Quigley, N. C., Ensuring Failure: Financial System Stability and Deposit Insurance in Canada (Ottawa, 1994), pp. 1–4.Google Scholar

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6 United States Federal Deposit Insurance Corporation [hereafter FDIC], Annual Report 1934, PP. 92–3.

7 ibid., p. 89.

8 ibid., p. 94.

9 ibid., p. 100.

10 ibid., p. 89.

11 As Neufeld, E. P., The Financial System of Canada (Toronto, 1972), p. 81, points out, the record of the chartered banks was also ‘more tarnished’ than that of other Canadian intermediaries.Google Scholar

12 Annual Report of the Comptroller of the Currency 1920, 2, Table 37, pp. 80–123.Google Scholar

13 The Fund was held by the Minister of Finance and the banks received interest of three per cent per annum on their contributions. MacIvor, R. C., Canadian Monetary, Banking and Fiscal Development (Toronto, 1961), p. 77.Google Scholar

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16 ibid., pp. 92–3.

17 ibid., p. 110.

18 ibid., pp. 100–1.

19 ibid., p. 89.

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