Academic journal article ABA Banking Journal

Adventures across a Century

Academic journal article ABA Banking Journal

Adventures across a Century

Article excerpt

[ILLUSTRATION OMITTED]

ABA Banking Journal turns 100 this year, and if you tried to turn our last 1,200 issues into a "fliphook," you d have one sore thumb. You don't need to. We tell the story here, in the next 28 pages. In the year that the Journal debuted, the pre-Federal Reserve banking industry was coming off the Panic of 1907. President Theodore Roosevelt provided J.P. Morgan--the man--with $25 million in government funds (about $27 billion today) to use to control the panic. Morgan, acting as a one-man central bank, decided which firms would fair and which would survive, averting a shutdown of the New York Stock Exchange.

The parallels with modern events are uncanny.

This special section offers other historical parallels echoing from our pages, as well as a glimpse into the future as the publication enters its next century. Here is what you will find in our Centennial Report:

* Future of Banking Roundtable brings together a cross section of banking leaders for their views on banking in the next five years, p. …

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