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Is Banking a Declining Industry? A Historical Perspective

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Is Banking a Declining Industry? A Historical Perspective

DATE: May/June 1994

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Diversity is critical to the Federal Reserve, and we are firmly committed to fostering a diverse and inclusive culture throughout the Federal Reserve System. Collections within FRASER contain historical language, content, and descriptions that reflect the time period within which they were created and the views of their creators. Certain collections contain objectionable content—for example, discriminatory or biased language used to refer to racial, ethnic, and cultural groups. These viewpoints and attitudes are inconsistent with our values, but the original descriptions are retained to ensure that they are not erased from the historical record.
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Kaufman, George G., 1933- and Mote, Larry R. "Is Banking a Declining Industry? A Historical Perspective," in Federal Reserve Bank of Chicago. "May/June 1994, Volume XVIII, Issue 3," Economic Perspectives (Federal Reserve Bank of Chicago) (May/June 1994) : 3-20. https://fraser.stlouisfed.org/title/5288/item/552497/toc/521961 , accessed on June 30, 2022.

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