St. Mary’s Bank was the first credit union created in the United States, in Manchester, New Hampshire, in 1908.

“The trouble with money,” said a Federal Reserve Bank of New York publication in the 1960s, “as with all material things in the world, is that it does not last forever.”

Would it ever occur to anyone that Charlie and the Chocolate Factory(Roald Dahl, 1964) teaches economic lessons about “incentives, poverty, scarcity, producers, consumers, and competition”?

Mary Tao In a prior blog post, we saw how Maiden Lane evolved over time. It was here that a momentous event occurred in 1790, changing the history of the United States.      While serving as Secretary of State in 1790, Thomas Jefferson rented a “mean house” at 57 Maiden Lane “for 106 pounds per […]

In the 1600s, a stream flowed near the land now occupied by the Federal Reserve Bank of New York, running all the way to the East River.

The Grinch (from the Dr. Seuss children’s book) and Santa are often invoked to describe what’s happening with consumer spending around the holidays.

Black Monday, Black Friday, Green Monday, Black Thursday, Silver Thursday, Red Thursday, Black Tuesday – How to keep track?

The Postal Savings System began in 1911 as a means for communities without banks to allow its citizens access to basic banking services.

Amy Farber Do you throw coins into a fountain when you see that others have done so?  A comprehensive and thoughtful student project on wishing well use in Southern California has been posted on the internet by University of California, Irvine, anthropology professor Bill Maurer. The 2006 project bases its findings on interviews of people […]