Brewer's: Banco

Sittings in Banco. Sittings of the Superior Court of Common Law in its own bench or court, and not in circuit, as a judge of Nisi Prius (q.v.). (Banc is Italian for “bench” or “seat of justice.”)

So much banco—i.e.
so much bank money, as distinguished from current coin. At Hamburg, etc., currency is inferior to “bank money.” (Not money in the bank, but the fictitious value set on cash by bankers.)
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894
Bancus Regius
Banbury
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