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April 1, 2024
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banks
Создана
Sam Toohill
⟶ Обновлено 25 янв 2018 ⟶
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mid 1700's
Bank of america
Bank of New York
Bank of the United States
The farmers Exchange bank fails
the second bank of america
over 420 banks are now in the U.S
over 300 banks operate in the U.S
there are now over 1500 banks
7,000 bank notes are now in circulation
Chase national bank is now chartered
1,000 state banks, 2,600 national
There are 2,250 state banks and 3,484 national banks
Checks become more common
There are 9,018 state banks and 5,664 national banks.
About 10 percent of U.S. households own stock
There are 17,583 state banks and 8,150 national banks
The Great depression
Stock market crash
Height of the depression
Economy is on an upswing
WW2 begins
WW2 ends
Total bank assets are double the $91 billion at the end of 1941
The FDIC repays the initial funding loans of $289 million to the U.S
The FDIC's insurance fund has a balance of $1.2 billion
Bank of America launches a credit card in California called visa
Bank Holding Company Act of 1956
Banks make term-loans in dollars to foreign governments and enterprises
The U.S. experiences economic growth because of the war economy
Several U.S. banks license master card
Outstanding debt from less-developed countries increases from $29 billion to $327 billion during the decade
Inflation increases when President Richard Nixon lifts wage-and-price controls
The FDIC deposit insurance limit increases from $20,000 to $40,000 because of inflation
The economy slows because of "stagflation"
Mortgage rates reach 21 percent
48 FDIC-insured banks fail with $7 billion in assets
Real estate investments are less attractive because of overbuilding and the Tax Reform Act of 1986
168 FDIC-insured banks fail
The banking industry earns record profits of $32 billion for the year
The banking industry earns record profits of $43.1 billion
The FDIC lowers insurance premiums in on July 1
By 2004, three banks exceed a trillion dollars in assets
9/11
Citigroup agrees to pay $2.65 billion to settle a lawsuit involving underwriting work of WorldCom