Brooklyn savings banks publications
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Abstract
The Brooklyn savings bank publications are comprised of newsletters and bulletins published by various savings banks in Brooklyn during the period 1925 to 1976.
Historical Note
Originally established for philanthropic purposes, savings banks began emerging in the United States between 1815 and 1820, and were the fastest-growing financial institutions of the first half of the 19th century. One of the first major savings banks in New York City was the Greenwich Savings Bank, established in 1833. By 1860, savings banks had become profit-making institutions, and there were 19 savings banks operating in New York City. With their reputation for conservative management and stability, savings banks enjoyed steadily-growing deposits as the City's population and worker's incomes increased. During the Depression and World War II, savings banks were viewed as more stable than commercial banks, and after the War their long-term assets had surpassed those of commercial banks. Through a series of mergers and consolidations, the number of savings banks in New York City had substantially decreased by the early 1990s, with only about 20 savings banks remaining. Among the savings banks still operating at that time were the Dime Savings Bank, Seaman's, and Emigrant Savings Bank.
Sources:
- Shull, Bernard. "Savings Banks," in The Encyclopedia of New York City, ed. Kenneth T. Jackson (New Haven, Conn.: Yale University Press; New York: New York Historical Society, c1995), 1045.
Scope and Contents
The Brooklyn savings bank publications are comprised of newsletters and bulletins published by various savings banks in Brooklyn during the period 1925 to 1976. Most publications contain information and advice of interest to banking customers, while others contain internal news of interest to employees. Still others are geared towards children to encourage regular saving habits. Represented publications are listed below in alphabetical order, along with their banks of origin and date spans:
The Dime Saver (Dime Savings Bank of Brooklyn), January 1960 and September 1961 issues
The Dividend (Williamsburgh Savings Bank), 1950 to 1976
The Emancipator (Lincoln Savings Bank of Brooklyn), 1925 to 1933
The Friendly Messenger (South Brooklyn Savings Bank), March 1949 issue
The Landmark, (Brooklyn Savings Bank), 1939 to 1948
School Bank News (East New York Savings Bank), 1951 to 1973
The Teller (Brooklyn Savings Bank), 1965 to 1971
The Wick (Bushwick Savings Bank), 1948 to 1951
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Conditions Governing Access
Open to researchers without restriction.
Preferred Citation
Identification of item, date (if known); Brooklyn savings banks publications, ARC.175, Box and Folder number; Brooklyn Historical Society.
Immediate Source of Acquisition
Source and date of acquisition unknown.
About this Guide
Processing Information
Minimally processed to the collection level.