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Department of Banking records

 Collection
Identifier: RG014

Scope and Content

Includes receivership files and records of foreclosures, correspondence concerning closed banks, and administrative files. In addition, the collection contains the records taken over from the banks that were in receivership. Included in the bank records are legal papers, income tax returns, real estate files, correspondence, and bank records of accounts. Also included are incorporation files and special charters, bank returns, press releases, and Commissioners files.

Dates

  • 1865-2011
  • Majority of material found within 1918-1963

Language of Materials

The records are in English.

Restrictions on Access

Safe deposit box material, boxes 96-97 are RESTRICTED.

These records are stored at an off-site facility and therefore may not be available on a same-day basis.

See the Rules and Procedures for Researchers Using Archival Records and Secured Collections policy.

Historical Note

The Banking Department originated in an 1836 act of the General Assembly appointing a committee (the Treasurer, the Comptroller, and the Commissioner of the School Fund) to examine the banks of the state. This they did, and in their report recommended the appointment of two Bank Commissioners to continue the work. Their functions were expanded in subsequent years to include examination and supervision of not only state banks and trust companies but also savings and industrial banks, state-chartered credit unions and other financial entities. The Connecticut Bank Commissioners were replaced by the Connecticut Bank Commissioner in 1915. A number of Connecticut banks failed during the depression of 1929, and in 1935 the General Assembly assigned to the Banking Commissioner the responsibility for liquidating their affairs. In 1951, the Bank Commissioner became the head of the Connecticut Banking Department. On January 1, 1979, Connecticut Banking Department was reorganized into the Connecticut Division of Banking, a division of the Department of Business Regulation. Effective July 1, 1980, the Department of Business Regulation was eliminated and the Division of Banking was made the Department of Banking and predominately called itself the Banking Department.

See also the Department of Banking Agency History.

Extent

98.25 cubic feet

Abstract

After a number of Connecticut banks failed during the depression of 1929, in 1935 the General Assembly assigned to the Banking Commissioner the responsibility for liquidating their affairs. These are mainly records from the Liquidation Division. Also included are press releases and Commissioners files.

Arrangement

Series 1. Receivership Files, 1918-1971, 92.5 cubic feet

Lawsuits against Banks, circa 1930-1939, 2 cubic feet

General Correspondence, circa 1920-1969, 6 cubic feet

Complete Bank Files, circa 1930-1959, 4 cubic feet

Trust Department, circa 1920-1959, 2 cubic feet

Special Banking Subjects, circa 1940-1959, 7 cubic feet

By-Laws of Savings Banks, circa 1930-1949, 2 cubic feet

Legislation, circa 1940-1971, 12 cubic feet

Pension Plans, circa 1940-1970, 2 cubic feet

Trustees under Mortgage, 1938-1950, 1 cubic foot

Insurance Policies, circa 1940-1949, 2 cubic feet

Closed and Merged Banks, circa 1940-1969, 1 cubic foot

Bank records, circa 1918-1967, 45 cubic feet

Bank Records of Accounts, 1952, .5 cubic feet (29 reels)

Final file, undated, 1.5 inches

Description of property in receivership offered for sale, 1945, 1 inch

Federal tax papers, 1945-1950, 1 inch

Record of foreclosures, 1929-1937, .5 cubic feet (3 binders)

Correspondence concerning closed banks, 1929-1957, .5 cubic feet

Administrative papers of Liquidation Division, 1935-1960, 2.5 cubic feet

Safe Deposit Box Material, 2 cubic feet

Series 2. Incorporation Files and Special Charters, circa 1913-1957, 4 cubic feet

Series 3. Bank Returns, 1865-1896, 1.5 cubic feet

Series 4. Press Releases, 1997-2011, .25 cubic feet

Series 5. Commissioners Files, 1992-2005, .25 cubic feet

Related Material

None.

Title
RG 014, Department of Banking
Subtitle
Inventory of Records
Author
Finding aid prepared by Connecticut State Library staff.
Date
2007
Language of description
Undetermined
Script of description
Code for undetermined script

Repository Details

Part of the Connecticut State Library Repository

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