MATERIAL: Hand-Written/Painted
DIMENSIONS: 8 1/4" by 10 1/2"
COMPONENTS: 263 pages, all hand written
NOTES: A History of America's Banks and The ABA
• Our Story
• ABA HISTORY- 1900 1924

• 1900: The Growth of Professional Development
The American Institute of Bank Clerks—forerunner of ABA’s American Institute of Banking, which will exist until 2014—is launched to unite bank employees for education and social purposes. The institute offers a series of correspondence courses and courses administered through local chapters.

• 1900: Relief for Smaller Banks
In a regulatory relief measure, capital requirements are eased for small-town national banks. Congress amends the National Bank Act to permit national banks to be formed in small towns with $25,000 in capital rather than $50,000.

• 1902: Hunting Down the Wild Bunch
Under contract to ABA, the Union Pacific Railroad and the Great Northern Express Company, the Pinkerton Agency identifies and hunts down Butch Cassidy’s “Wild Bunch” gang of bank robbers. By September 1902 the Pinkerton Agency believes that only three members of the gang remain alive—including Cassidy and the “Sundance Kid,” both of whom have fled to Bolivia.

• 1902: Serving Savings Banks
ABA establishes a division for savings banks. Within a year, 548 banks are members.

• 1902: Representing State Interests
The first organization for state bankers’ associations is established. It becomes a division of ABA in 1910 and today remains the Alliance of State Bankers Associations.

• 1903: A Pioneer for Women, African Americans
Maggie Walker, an African-American civil rights leader, becomes the first woman to found a bank when she establishes the St. Luke Penny Savings Bank in Richmond, Va.

• 1905: Lending Up
In a legislative win for ABA, Congress increases the lending limits of national banks.

• 1907: The Last Straw

• When the collapse of the Knickerbocker Trust sets off a chain of failures of the less-regulated trust industry in autumn 1907, cash dries up and called loans threaten to topple the U.S. financial system. With his own money, plus pledges secured in a bravura convening of bank presidents, J. Pierpont Morgan puts an end to the crisis and pooled loan certificates are issued by the clearinghouses to stem further runs on the banks and brokerages. The panic begins to lay the foundation for the future Federal Reserve; as Sen. Nelson Aldrich notes, “We may not always have Pierpont Morgan with us to meet a banking crisis.”

• 1908: Informing Bankers
Combining several existing print publications, the Journal of the American Bankers Association begins publishing with a circulation of 11,000.
ITEM ID: 4824

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