bank notes throughout the region. We reconsider this history and find the public-purpose view of the Suffolk Banking System …The best-known example of a privately created and well-functioning interbank payments system is the Suffolk Banking … System. Operating in New England between 1825 and 1858, it was the first regionwide net-clearing system for bank notes in the …

(1825–58). Known as the Suffolk Banking System, it was the nation’s first regionwide net-clearing system for bank notes … another look at the history of the Suffolk Banking System questions this conclusion. The Suffolk Bank earned extraordinary …

The classic example of a privately created and well-functioning interbank payments system is the Suffolk Banking System … payments services can produce an efficient payments system. In this paper, we reexamine the history of the Suffolk Banking … System and present some facts that call this conclusion into question. We find that the Suffolk Bank earned extraordinary …