Research


New York State Banking Department Inactive Institution Files

Held by the New York State Archives


Overview of the Records

Repository:

New York State Archives

New York State Education Department

Cultural Education Center

Albany, NY 12230

Summary:
The series consists of legal documents related to the licensing/regulation of banking institutions that became "inactive" by merging into another institution, surrendering their license, or otherwise leaving the supervision of the Banking Department. Such documents may include those associated with applications for institutional incorporation, name changes, licenses, organizational certification, and/or capital stock changes.
Creator:
Title:
Quantity:
228 cubic feet
Inclusive Dates:
1904-1999, 2002, 2005-2011
Series Number:
17427

Arrangement

Arranged by assigned institutional number; placement within the series is in rough chronological order by date of designation as "inactive."

17427-19: Alphabetical.

Administrative History

Laws of 1838, Chapter 260, known as the "Free Banking Law," provided that the Secretary of State should issue a charter to a bank which filed articles of association in his office and deposited with the Comptroller securities for the redemption of its circulating notes in case it failed. Subsequently the Secretary of State's duties in respect to banks were assumed by the Superintendent of Banks, an office established by Laws of 1851, Chapter 164. There were already some banks operating under charters granted by acts of the Legislature, most of them under the "Safety Fund" Banking Act of 1829. When these charters expired the banks often applied to the Secretary of State or the Superintendent of Banks for authorization to convert into "free banks" under the act of 1838.

In 1865 an act of Congress established a national banking system and imposed a tax on the notes of state banks. This caused most of the banks in New York to convert to national banks, which they were permitted to do by Laws of 1865, Chapter 97. After the Civil War state banks began to multiply again. Over the years the Banking Department obtained authority to charter other types of banking institutions: savings banks (Laws of 1875, Chap. 371), safe deposit companies (Laws of 1875, Chap. 613), trust companies (Laws of 1887, Chap. 546), cooperative savings and loan associations (including building and lot associations) (Laws of 1892, Chap. 689), personal loan associations (licensed lenders, really incorporated pawn shops) (Laws of 1895, Chap. 326), and mortgage loan and investment companies (Laws of 1896, Chap. 452). Starting in 1914 the department issued certificates authorizing private bankers to continue business (Laws of 1914, Chap. 369).

The authority to liquidate failed banking institutions was originally within the jurisdiction of the Court of Chancery. When that court was abolished in 1847, the equitable jurisdiction of the Court of Chancery to supervise and liquidate banks passed to the Supreme Court, which appointed a receiver to settle the affairs of a failed institution. After 1908 the Superintendent of Banks took possession of failing state chartered banking institutions and appointed special deputy superintendents to carry out the liquidation proceedings. Starting about 1930 a special Liquidation Bureau performed this function, and maintained separate liquidation files (see series 13858). Copies of Supreme Court orders pertaining to bank liquidations are filed in the county clerk's office in the county where the liquidated institution had its principal office.

Scope and Content Note

The series consists of legal documents related to the licensing/regulation of banking institutions that became "inactive" (1967-92) by merging into another institution, surrendering their license, or otherwise leaving the supervision of the Banking Department. Such documents may include those associated with applications for institutional incorporation, name changes, licenses, organizational certification, and/or capital stock changes.

17427-00: This accretion consists of legal documents related to the licensing and regulation of banking institutions that became "inactive" between 1912 and 1990.

17427-00A: This accretion consists of files for approximately 250 inactive institutions.

17427-01: This accretion consists of files for approximately 580 inactive institutions.

17427-01A: This accretion consists of 347 case files and covers the years circa 1904-1999.

Use of Records

Access Restrictions

Partly restricted by Freedom of Information Law (FOIL) section 87.2(d) and 89.5(a)(1) making "trade secret" information exempt from disclosure; and by Banking Law former section 13.4, making "reports and communications" by staff of the Banking Department to the Banking Board "confidential."

Related Information

Related Materials

Series 14272 Inactive Institution Files, contains similar pre-1967 records that were accessioned under another (now superseded) RDA

Series 13858 Bank Liquidation Case Files, contains related records

Other finding aids

This series is indexed by series 17428, Card index to inactive institution files.

Folder lists are available at the repository.

17427-12, 17427-15: Container list is available at the repository.

17427-19: Transfer list is available at the repository.

Acquistion Information

17427-12: This accretion includes records from transfer lists 050003 and 080002.

17427-13, 17427-14, 17427-15: These accretions include records from transfer list 120001.

17427-19: This accretion was transferred under RDA 17427 and includes records from transfer list 120001.

Access Terms

Corporate Name(s):
Geographic Name(s):
Subject(s):
Function(s):

Detailed Description

Contents Box Folder

Accretion: 17427-18
Banco Nacional de Comercio Exterior S.N.C. 1 1
Cassa di Risparmio di Firenze S.P.A. 1 2
First Niagara Commercial Bank 1 3
HSBC Bank USA, Part 2 1 4
The Bank of New York Company, Inc. 1 5
Winthrop Trust Company 1 6
JP Morgan Chase Bank 2 1
Banca Popolaire di Novara 3 1
Banque et Caisse d'Epargne de l'Etat, Luxembourg 3 2
Banque Sudameris 3 3
China Construction Bank Corporation 3 4
Credit Suisse Rep 3 5
Hamptons State Bank 3 6
Interbank of New York 3 7
Korea Exchange Bank 3 8
LBS Bank 3 9
Marfin Popular Bank Public Company, Limited 3 10
New York Municipal Bank 3 11
Shinsei Bank, Limited 3 12
The Hyakugo Bank, Limited 3 13
Turkiye IS Bankasi, A.S. 3 14
UBS AG 3 15
Unibanco-Uniao de Bancos Brasilerios S.A. Rep Office 3 16
Union Bancaire Privee, UBP 3 17
Asahi Bank, Limited, The Rep Office 4 1
Banco Santander Totta, S.A. 4 2
Community Capital Bank 4 3
Hudson River Commercial Bank 4 4
Hypothekenbank in Essen AG 4 5
North Fork Bank 4 6
The Park Avenue Bank 4 7
Reliance Bank 4 8
Resona Bank, Limited 4 9
Shinkin Central Bank 4 10
The Governor and Company of the Bank of Scotland 4 11
Tokai Trust Company, of New York 4 12
Union Bank of Israel, Limited 4 13
Aareal Bank AG 5 1
Allgemeine Hypothekenbank Rheinboden AG 5 2
Banca Comerciala Romana 5 3
Hamburgische Landesbank-Girozentrale 5 4
ICICI Bank Limited 5 5
NANB Interim Bank 5 6
Sleepy Hollow Bank 5 7
U.S. Trust Company Limited 5 8
Whitehall Trust Company 5 9
Bank Melli Iran 6 1
Bank of Seoul & Trust Company, Part 2 6 2
BSB Bank & Trust Company 6 3
Capital Bank & Trust Company 6 4
Citibank (New York State) 6 5
Five Star New York Trust Company 6 6
Hachijuni Bank, Limited, The Rep Office 6 7
Jamestown Savings Bank 6 8
Liberty Pointe Bank 6 9
Mellon Trust of New York, LLC 6 10
Prudential-Bache International Banking Corporation 6 11
Tapei Fubon Bank 6 12
The Hyakugo Bank, Limited 6 13
The San-In Godo Bank, Limited 6 14
United States Trust Company of New York 6 15
ABSA Bank Unlimited 7 1
AIG Finance Holdings, Inc. 7 2
Banca Cariga S.P.A. 7 3
BancBoston Trust Company of New York 7 4
Banco de la Ciudad de Buenos Aires 7 5
Banco de Santiago 7 6
Bank of Bermuda (New York) Limited 7 7
Bank of Cyprus Public Company Limited 7 8
Carver Municipal Bank 7 9
Chiao Tung Bank Company, Limited 7 10
Friends Ivory & Sime Trust Company 7 11
The Fuji Bank Limited 7 12
Industrial and Commercial Bank of China Limited Rep Office 7 13
Koram Bank 7 14
Kredietbank S.A. Luxembourgeoise 7 15
Liberty Bank of New York 7 16
Merrill Lynch International Bank Limited 7 17
Mizuho Asset Trust & banking Company, Limited Rep Office 7 18
Nova Ljubljanska Bank d.d. 7 19
P.T. Bank Central Asia (Persero) 7 20
Sudwestdeutsche Landesbank Girozentrale 7 21
JP Morgan Chase Bank 8 1
Banca di Roma, S.P.A. 9 1
Banco Mercantil C.A. 9 2
Bank of Seoul & Trust Company, Part 1 9 3
Credit Communal de Belgique, S.A. 9 4
Den Norske Bank AS 9 5
Greater Buffalo Savings Bank 9 6
HSBC Bank USA, Part 1 9 7
P.T. Bank Ekspor Impor Indonesia (Persero) 9 8
Smithtown Bancorp 9 9
USA Bank 9 10
The Warwick Commercial Bank 9 11
Banca Antoniana Popolare Veneta S.C.P.A. 10 1
Banco Commercial Portugues, S.A. 10 2
Bank of Credit and Commerce International, S.A. 10 3
Computershare Trust Company of New York 10 4
The Hachijuni Bank, Limited 10 5
Hongkong and Shanghai Banking Corporation Limited Rep Office 10 6
Independence Community Bank 10 7
The Iyo Bank, Limited 10 8
Thai Farmers Bank Public Company Limited 10 9
UFJ Trust Company of New York 10 10