www.pickeringchatto.

com/savings

The American Savings and Loan Industry, 18311935

Editor: David L Mason, Georgia Gwinnett College
4 Volume Set: c.1600pp: December 2013 978 1 84893 370 5: 234x156mm: 395/$725

The recent sub-prime mortgage crisis has created a renewed interest in the American savings and loan industry. Modelled on British building societies, savings and loans were cooperative businesses from which their members could borrow long-term mortgages. The popularity of this method of home finance led to the rapid expansion of the industry, and by the end of the nineteenth century more than 5,000 saving and loans were in operation around the country. Despite the long history of the industry and its relevance to recent events, only limited material has been made available to researchers. This primary resource collection fills a significant gap, providing material from a wide variety of sources including pamphlets, journals, book extracts, proceedings and articles from the trade press. All these documents are annotated and set in their historical context. The four thematic volumes show how lack of regulation in the industry led to previous crises but also how it became an instrument for social reform and increased the opportunities for women and ethnic groups. The collection will be of interest to those researching financial history, the banking industry and the economic and social history of America.

Run on East Side Bank, N.Y. 1912, Bain News Service Library of Congress

First collection of its kind to focus on the savings and loans industry Includes over seventy rare primary documents from pamphlets, proceedings, books, trade press and journals Texts are organized chronologically across four themed volumes Scholarly apparatus includes volume introductions, headnotes, endnotes, and a substantial general introduction A consolidated index appears in the final volume

PUBLISHERS

PICKERING & CHATTO

Full contents can be found at

www.pickeringchatto.com/savings

Contents
Volume 1: Origins and Functions of the Savings and Loan Industry Charting the saving and loan industry from its inception in the 1830s, this volume includes a range of pamphlets and articles encouraging people to join savings and loans, extolling the merits of borrowing from such institutions and describing the various forms of savings and loan organizations available. Connections to British building societies are explored, as are the differences from other form of savings organizations. Volume 2: Savings and Loan Organization, Operation and Management This volume focuses on the day-to-day workings of savings and loans including the evolution of the business procedures and practices used by these institutions. It charts how easy it was to run such an organization, the variety of savings and lending plans available, and the accounting and recordkeeping systems used. Volume 3: The Nationals, the Rise of the Trade Association and Government Regulation The 1890s were a key period in the history of the industry and saw the appearance of nationwide organizations and the formation of savings and loans as a reformist movement. Mirroring events of a century later, the national societies grew rapidly, made unsound loans and cost millions to their depositors. Traditional savings and loans distanced themselves from this activity, allying themselves as part of a wider movement of social reform. Industry leaders also advocated for greater government control, with a wide range of state laws governing the industry being introduced, followed by the creation of federal regulations in the 1930s. Volume 4: Serving the People: Women, Immigrants, African Americans and the Promotion of Home Ownership The documents in this volume show how hundreds of savings and loan societies formed to serve specific ethnic groups, allowing immigrant communities to own their own homes and become Americanized. Many of the members and managers of savings and loan societies were women, able to assume prominent roles in a business setting not something offered in many other industries. Texts show how industry leaders promoted the social and moral benefits of home ownership, and how membership in savings and loan groups fostered greater opportunity for marginalized communities.

Full contents can be found at

www.pickeringchatto.com/savings

Order Information
North or South America Ashgate Publishing Company PO Box 2225 Williston VT 05495-2225, USA Telephone toll-free (US & Canada): (800) 535 9544 Other enquiries: (802) 276 3162 Fax: (802) 864 7626 email: ash.orders@aidcvt.com Rest of World Turpin Distribution Ltd Stratton Business Park Pegasus Drive Biggleswade, Bedfordshire SG18 8TQ, UK Telephone: +44 (0) 1767 604 951 Fax: +44 (0) 1767 601 640 email: books@turpin-distribution.com