This essay examines the Peasants Land Bank, a state-run financial institution established in 1882 to accelerate the transfer of land to peasants in the Russian Empire. Initially designed as a credit provider, the Bank gained new powers in the 1890s, when the government granted it unprecedented authority to assemble its own land fund. This shift transformed the institution into a key instrument of imperial governance. By controlling access to land and credit, it privileged the idealized “all-Russian” Orthodox peasantry and systematically excluded groups outside this category, including indigenous groups (such as the Bashkirs), non-Orthodox subjects, individuals of foreign origin as well as women and urban dwellers who technically belonged to the peasant estate. The Bank’s practices of exclusion enable us to examine how a state financial institution, rather than a neutral intermediary, can perpetuate multiple hierarchies through its routine credit decisions.
