This data set consists of individual bank balance sheets for the antebellum period in the United States compiled from reports of state banking authorities. The data set is updated periodically. For each state, data are available in two forms. The worksheet “detailed” contains the data in as detailed a form as in the original source. In the worksheet “standardized”, data are presented in a consistent set of asset and liability categories for each bank.
In the compilation, individual asset and liability categories have been preserved as much as possible. The data have also been modified in two primary ways: •Where the original data have both differences between assets and liabilities for a given bank and corresponding differences in reported aggregated totals for individual asset/liability categories, the data have been changed to eliminate such differences. •Where the original data have obvious inaccuracies (e.g., capital of $100,000 for several years in a row and then $10,000 for one year), such inaccuracies have been corrected.
Note also that for many dates, aggregate totals for individual asset/liability categories do not match reported data, presumably due to calculation and other errors by the original compilers.
Some of the downloadable Excel files that follow use Pre-1900 dates that Excel does not natively handle.
The financial assistance of the Financial Services Research Group of the Federal Reserve System in compiling this data set is gratefully acknowledged.
Data compiled by Warren Weber.