A historical term used to describe the conduct of state chartered banks that were established by corrupt business people who sought to benefit from the bank's activities at the expense of the depositors. When their corrupt activities were uncovered, the bankers would hide out in the wilderness among the wild animals which is the basis of the term.
Related information about wildcat banking:
- Wildcat banking - Wikipedia, the free encyclopedia
Wildcat banking refers to the unusual practices of banks chartered under state law during the periods of non-federally regulated state banking between 1816 ...
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The banking industry in parts of the United States from 1837 to 1865, when banks were established in remote and inaccessible locations. During this period ...
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- Wildcat banking: Definition from Answers.com
Wildcat Banking Period in the first half of the 19th century when state chartered banks issued their own banknotes (paper money)
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Federal Reserve Bank of Minneapolis. Quarterly Review. Fall 1982. Optimal Control of the Money Supply. Robert B. Litterman (p. 1). Free Banking, Wildcat ...
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... establishment of the national banking system in 1864. Relevant Questions. What Does a Wildcat Look... What Were Wildcat Banks? What Is Wildcat Banking ?
- Wildcat Banking - Financial Dictionary - The Free Dictionary
A period in the United States between 1816 and 1863 in which there was no federal regulation of banks. Currency was issued by private banks, which were only ...