Suffolk Bank
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Suffolk Bank was a private clearinghouse bank in Boston, Massachusetts, that exchanged specie or locally backed bank notes for notes from country banks to which city-dwellers could not easily travel t
White River, Vermont 3 dollar bank note marked counterfeit by the Suffolk bank.
Massachusetts 1 dollar bill from 1845 marked "Worthless" by the Suffolk Bank.
Banknotes with a face value of 5000 of different currencies.
This history of central banking in the United States encompasses various bank regulations, from early wildcat banking practices through the present Federal Reserve System.
Suffolk Bank
…banking practices into what they are today. Following passage of the National Bank Act of 1864, the Suffolk Bank was reorganized and renamed as the Suffolk National Bank on January 1, 1865, and continued to operate as a national bank until it merged in 1902 with the Washington National Bank to form the National Suffolk…
Privately issued note, 1863
1908 cartoon arguing that an elastic currency is needed
Woodrow Wilson signs bill creating the Federal Reserve System, December 24, 1913