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The Bankers: The Next Generation The New Worlds of Money, Credit and Banking in an Electronic Age
The sequel to The Bankers explores the fluid nature of banking and money in the computer age, the changing economic role of banks and other financial institutions, the growth of credit cards and ATM machines, and the impact of computerized trading.
528 pages, Hardcover
First published January 1, 1974
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Displaying 1 - 3 of 3 reviews
September 26, 2025
The Bankers, Martin Mayer (1928-2019), 1974, 612 pages, SBN 345247507225
How the banking system works in the U.S., as of 1974.
By definition, money is a scarce good (if money were not scarce, people would not work for it). p. 6.
In 1973, banks earned about 6% of the profits in American enterprise. p. 7.
NO COMPETITION
Neither the federal nor the state government will charter a new bank in a locality unless it is demonstrated that the banks already on the scene, whether they are doing a good job or a bad job, will not be harmed. Existing banks will fight to prevent the chartering of a rival; a growing market will draw many applicants. A man wishing to start a bank would be wise to have friends well-connected in politics. p. 71.
Author's wikipedia page: https://en.m.wikipedia.org/wiki/Marti...
How the banking system works in the U.S., as of 1974.
By definition, money is a scarce good (if money were not scarce, people would not work for it). p. 6.
In 1973, banks earned about 6% of the profits in American enterprise. p. 7.
NO COMPETITION
Neither the federal nor the state government will charter a new bank in a locality unless it is demonstrated that the banks already on the scene, whether they are doing a good job or a bad job, will not be harmed. Existing banks will fight to prevent the chartering of a rival; a growing market will draw many applicants. A man wishing to start a bank would be wise to have friends well-connected in politics. p. 71.
Author's wikipedia page: https://en.m.wikipedia.org/wiki/Marti...
August 31, 2021
A good fundamental history, albeit sometimes incomprehensible.
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December 8, 2025Good insight into the banking industry
Displaying 1 - 3 of 3 reviews