Splendid Associations of Favored Individuals: Federal and State Commercial Banking Policy in the Federalist Era

Howard Bodenhorn

NBER Working Paper No. 15135
Issued in July 2009

---- Acknowledgements -----

I thank Farley Grubb, John Wallis and Eugene White, and the other participants at the NBER Founding Choices Conference for many helpful comments. I also thank Pam Bodenhorn for exceptional assistance in collecting the hundred or so early bank charters studied in this endeavor. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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