Treasury Department, Deposit account records, 1819-1908 | State Archives Catalog
Title: Treasury Department, Deposit account records, 1819-1908
Extent: 3.0 Volumes
Subjects (links to similar collections)
Scope and Contents: The Treasury department is entrusted with the management of the state treasury, which is comprised of funds deposited in a number of banks approved by the Treasury as repositories of public funds. This series includes records that document the Treasury department's management of public funds deposited in various banks during the period between 1819 and 1908. Included is documentation concerning the Industrial Trust Company, Rhode Island Hospital Trust, the Burrillvile Bank, and the Bank of North America. Also included is a volume whose cover bears the title "Public Deposit Book." It includes records of deposits of public money in numerous banks across the state. This volume also includes reference to Commissioners of Public Deposits. These commissioners (the governor, secretary of state, and general treasurer) were established following an Act of Congress "to regulate the deposites [sic] of public monies, dated June 23, 1836. The act called for the transfer of surplus federal money to the states as loans subject to repayment. The commissioners' responsibility was to deposit and oversee monies transferred to Rhode Island.