Alekseev, Nikolai A.
Izvestia SOIGSI. 2022. IIS 46 (85).

Abstract:
The article discusses the role and influence of a division of the State Bank of the Russian
Empire on the development of the Kuban region in 1860–1914. The time-frame is determined by
the beginning of banking and administrative reforms and is limited by the beginning of the First
World War that changed the financial and economic policy of the state. There are very few works
on the activities of regional institutions of the State Bank of the Russian Empire, mainly studies are
devoted to narrow areas of activity (lending by industry), or just history of institutions. However,
the issue of the impact of activities of the Yekaterinodar Branch on the regional economy has not
been previously considered in publications. This is partly due to previously pursued policy of secrecy
of data on the activities of the Central Bank of the Russian Federation and its history. Currently,
the situation has changed significantly, and the Central Bank is actively involved in government
programs to improve financial literacy, including in the field of historical and financial education,
and it initiates research on relevant topics. This article focuses on the establishment of forms of work
of the credit authority (which combined the elements of the regulator) and quantitative financial
indicators of the development of the region’s economy. Work has been carried out to identify and
analyze statistical data on the organization’s working capital and the amount of funds allocated by
the regional administration, transfers made, loans issued and deposits received from the population,
including on special accounts of private commercial credit organizations. The markers of economic
growth (the volume and number of loans for the purchase of agricultural machinery), the growth
of citizens’ savings, correlated with the growth of deposits, have been identified. The important
direction of work on transferring private lending to the second level – from the State Bank to small
credit institutions was highlighted.

Keywords: State Bank of the Russian Empire, North-West Caucasus, lending, financial support, economic development of the region

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