Archief van de Wisselbank

Item

Country

NL

Name of institution (English)

Amsterdam City Archives

Name of institution (official language of the state)

Language of name of institution

dut

Contact information: postal address

Vijzelstraat 32, 1017 HL Amsterdam

Contact information: phone number

0031 202511511

Contact information: web address

Contact information: email

stadarchief@amsterdam.nl

Reference number

5077

Type of reference number

Archival reference number

Title (English)

Archive of the Exchange Bank

Title (official language of the state)

Archief van de Wisselbank

Language of title

dut

Creator / accumulator

Amsterdamsche Wisselbank
Commissie van Liquidatie van de Wisselbank

Date(s)

1609/1822

Language(s)

dut

Extent

c. 550 linear meters

Type of material

Textual Material

Scope and content

The Archief van de Wisselbank (Archives of the Bank of Amsterdam) begins with the establishment of the bank, following the example of the Bank of Venice. The Wisselbank was established in 1609 and ran until around 1830. Few documents about the organisation of the administration and the officials of this bank have survived in the archives, but the details can be found in other archives from the city administration of that time, such as those of the burgomasters, treasurers, and trustees.
The fonds is divided into three sections: Stukken van algemene aard (general documents), including minutes, ordinances, and disclosures; Stukken betreffende bijzondere onderwerpen (documents on particular matters), containing documents on the foundation of the bank, its internal organisation and officers and its accounts; and Commissie van liquidatie van de Wisselbank (Liquidation Commission of the Exchange Bank).
Of particular interest is the Grootboeken (Ledger) series (50-1273), which records the amounts entered and debited. This series includes an index with an alphabetical list of merchants and the pages of their current accounts. Among these merchants, there are several Jews of Sephardic origin. Numbers 771 to 790 contain lists of aliases of Portuguese-Jewish account holders.

Archival history

The Archief van de Wisselbank was for a long time poorly accessible especially due to the lack of a good inventory. Recently, the Amsterdam City Archives have provided a new inventory, and the archives have been rearranged and thus made comprehensible. However, the size of the ledgers is still an obstacle to consultation. Also, Wisselbank's accounts still hold a lot of information to be uncovered.

Administrative / Biographical history

The Amsterdamsche Wisselbank (Amsterdam Exchange Bank) was established in 1609 to provide monetary exchange at established rates, but it soon became a deposit bank for the safe settling of accounts. The Amsterdamsche Wisselbank played a pivotal role in the emergence of a global economy at the time of early capitalism. Merchants all over Europe had current accounts at the Wisselbank that they used for payments of trade transactions and for other financial transactions. This makes the Wisselbank's accounts the starting point of the financial-economic history of Europe in the 17th and 18th centuries. As an exchange bank, it allowed people to bring money or bullion for deposit and to withdraw the money or the worth of the bullion. The original ordinance that established the bank further required that all bills of 600 gulden or upward should be paid through the bank — in other words, by the transfer of deposits or credits at the bank. These transfers later came to be known as “bank money.” The charge for making the transfers represented the bank’s sole source of income. The bank’s conservative lending policy allowed it to maintain reserves that fully covered its outstanding notes and thereby rendered it invulnerable even to the major panic provoked by Louis XIV’s unexpected invasion of the Netherlands in 1672. Although the Wisselbank had not been required to maintain 100% backing for its notes prior to 1802, its reserves shrank, and its reputation suffered after it granted large-scale loans to the Dutch East India Company and the Dutch government.

Access points: locations

Access points: subject terms

Access points: document types

System of arrangement

The fonds is divided into three sections, each one subdivided into series and subseries. The records of each division are arranged chronologically.

Access, restrictions

Part of this fonds (including the ledgers) is available in digital format:

Links to finding aids

Author of the description

Kevin Soares and Joana Rodrigues, 2022

Bibliography

Item sets

Linked resources

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is part (item) of
Title Alternate label Class
Stadsarchief Amsterdam Collections (official language of the state)