Suffolk System

The Suffolk System was the first regulatory banking system arrangement of remote banks created in the United States. ^[1]

2 relations: Safety Fund System, Suffolk Bank.

Safety Fund System

The Safety Fund System was one of many banking systems created after the failure of the Second Bank of the United States and before a national banking system was established.

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Suffolk Bank was a 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 to redeem notes.

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Redirects here:

The Suffolk System.

References

[1] https://en.wikipedia.org/wiki/Suffolk_System

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