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First U.S. Bank Robbery

March 19, 2014

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Profile America — Wednesday, March 19th. Banks had operated in America for about a half century before someone tried to make an unauthorized withdrawal. On this date in 1831, Edward Smith committed the first bank robbery in the U.S. — hitting the City Bank on New York's Wall Street. He entered the bank after it closed, using a duplicate set of keys, and got away with $245,000 — a huge sum at the time. But he was caught, convicted and spent five years in New York's Sing-Sing Prison. Now, across the nation, there are over 91,000 commercial banking establishments. As one 20th century bank robber supposedly noted, that's where the money is — bank deposits total over $8 trillion. You can find current data on the country's economy by downloading the 'America's Economy' mobile application at <www.census.gov/mobile>.

Sources: http://216.255.77.73/2013-03-19_first-us-bank-robbery

http://www.fdic.gov/bank/analytical/quarterly/2011_vol5_4/sod.html

http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_52A1&prodType=table NAICS 522110


Source: U.S. Census Bureau | Public Information Office | Last Revised: February 21, 2014