Bank

A bank is a financial institution, that keeps current accounts for its customers. Banking includes, but is not limited to activities as:

• issue of banknotes
• settlement of payments
• lending money
• currency exchange

History of Banking

In the early history of banking there were banks whose only operation consisted in issuing money-certificates, in effect warehouses of money.

See also: History of money and banking in the US

See also

• History of Money and Banking in the United States: The Colonial Era to World War II by Murray N. Rothbard
• A Short History of Paper Money and Banking by William M. Gouge
• Free Banking: Theory, History and a Laissez-Faire Model (pdf) by Larry J. Sechrest
• Wikipedia on banks