Boston Clearinghouse is established.
1856
Initially an association of 29 banks, it starts three years after a similar organization in New York. Its first year total of exchanges ($1 million) is approximately 1/7th that of New York in the same year.
Initially an association of 29 banks, it starts three years after a similar organization in New York. Its first year total of exchanges ($1 million) is approximately 1/7th that of New York in the same year.