{"id":{"repo_id":"uiuc","oai_identifier":"oai:www.ideals.illinois.edu:2142/85504"},"canonical_url":"https://search.dev.ndltd.org/etd/uiuc/oai:www.ideals.illinois.edu:2142/85504","repository":{"repo_id":"uiuc","name":"University of Illinois - Urbana-Champaign","base_url":"https://www.ideals.illinois.edu/oai-pmh"},"display":{"title":"Essays in Country Banking: Case Studies of the First National Bank of Bloomington (Illinois)","abstract":"In the fourth paper, I examine the decision to select locations for Federal Reserve Banks by the Reserve Board Organization Committee in April 1914. I estimate probability choice models for the 37 cities that requested consideration by the committee by relying upon statements of involved persons as proxies. The results confirm that reserve cities were selected systematically based upon objective information. I conclude that the selections reinforced local investments in National Banking infrastructure. The Bank's increased use of financial services in the new Federal Reserve Bank cities shows how important the location decision was for each city.","abstract_html":"In the fourth paper, I examine the decision to select locations for Federal Reserve Banks by the Reserve Board Organization Committee in April 1914. I estimate probability choice models for the 37 cities that requested consideration by the committee by relying upon statements of involved persons as proxies. The results confirm that reserve cities were selected systematically based upon objective information. I conclude that the selections reinforced local investments in National Banking infrastructure. 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