Skip to content

Banking in Oklahoma, 1907–2000 by Michael J. Hightower,Frank Keating

By Michael J. Hightower,Frank Keating

The tale of banking in twentieth-century Oklahoma is additionally the tale of the earlier State’s first hundred years, as Michael J. Hightower’s new publication demonstrates. Oklahoma statehood coincided with the Panic of 1907, and either occasions signaled seismic shifts in country banking practices. a lot as Oklahoma banks shed their frontier personality to turn into extra tightly built-in within the nationwide financial system, so too was once decentralized banking published as an anachronism, completely unsuited to an more and more international financial system. With construction of the Federal Reserve process in 1913 and next selection of Oklahoma urban because the place for a department financial institution, frontier banking all started yielding to structures commensurate with the wishes of the recent century.

via meticulous study and private interviews with bankers statewide, Hightower has crafted a compelling narrative of Oklahoma banking within the 20th century. one of many first acts of the recent kingdom legislature used to be to assure that depositors in state-chartered banks might by no means lose a penny. in the meantime, land and oil speculators and the bankers who funded their desires have been raising get-rich-quick (and usually get-poor-quick) schemes to an artwork shape. In protection of state banks, the Oklahoma Bankers organization dispatched armed vigilantes to forestall robbers of their tracks.

next advancements in Oklahoma banking contain version to rules spawned via the nice melancholy, the post–World warfare II growth, the Nineteen Eighties melancholy within the oil patch, and alterations fostered via rapid-fire advances in expertise and verbal exchange. The dying of Penn sq. financial institution bargains considered one of history’s few unambiguous classes, and it warrants chapters—one at the upward push, and one at the fall. expanding law of the banking undefined, the survival of relatives banks, and the resilience of neighborhood banking are constant issues in a kingdom that's just a couple of generations faraway from the frontier.

Show description

Read or Download Banking in Oklahoma, 1907–2000 PDF

Best banks & banking books

Emerging Capital Markets and Globalization: The Latin American Experience (Latin American Development Forum)

Again within the early Nineteen Nineties, economists and coverage makers had excessive expectancies concerning the clients for household capital industry improvement in rising economies, rather in Latin the United States. regrettably, they're now confronted with disheartening effects. inventory and bond markets stay illiquid and segmented.

Fixing the Housing Market: Financial Innovations for the Future (Wharton School Publishing--Milken Institute Series on Financial Innovations)

Ever because the historic Greeks, monetary innovation has enabled extra humans to buy houses. this present day isn't any varied: in reality, liable monetary innovation is now the easiest device to be had for "rebooting" crippled housing markets, bettering their potency, and making housing extra available to hundreds of thousands.

Einfach gut gemacht: So funktionieren deutsche Hypothekenanleihen (German Edition)

In der Krise werden die Anleger vorsichtiger. Besonders das Wort Immobilien scheint ein rotes Tuch zu sein. Dabei besteht dazu kein Grund. Immobilien versprechen hierzulande satte Gewinne. Eine lukrative Möglichkeit in Immobilien zu investieren sind Hypothekenanleihen. Wie diese funktionieren und worauf guy achten sollte, beschreibt Pino Sergio in diesem Buch.

Liberalization of Trade in Banking Services: An International and European Perspective

The monetary main issue struck with complete strength within the autumn of 2008. Very quickly after the beginning of the hindrance, culprits have been sought. an incredible ordinary argument was once that liberalization of exchange in banking companies, as pursued on the eu (within the european) and foreign point (in the WTO), had heavily decreased the chances for governments to control and supervise the banking zone.

Additional resources for Banking in Oklahoma, 1907–2000

Sample text

Download PDF sample

Rated 4.60 of 5 – based on 36 votes