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First Bank of the United States

The President, Directors and Company of the Bank of the United States, commonly known as the First Bank of the United States, was a… Read more…

Riverside Hotel
Taxi · 8 min
First Bank of the United States
2h
Walk · 6 min
Corner Café
45 min
Walk · 18 min
Riverside Hotel

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The President, Directors and Company of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto national bank. However, neither served the functions of a modern central bank: They did not set monetary policy, regulate private banks, hold their excess reserves, or act as a lender of last resort. They were national insofar as they were allowed to have branches in multiple states and lend money to the US government. Other banks in the US were each chartered by, and only allowed to have branches in, a single state.

Establishment of the Bank of the United States was part of a three-part expansion of federal fiscal and monetary power, along with a federal mint and excise taxes, championed by Alexander Hamilton, first Secretary of the Treasury.

Source: Wikipedia

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Coordinates 39°56'53.037" N, 75°8'47.136" W
Riverside Hotel
Taxi · 8 min
First Bank of the United States
2h
Walk · 6 min
Corner Café
45 min
Walk · 18 min
Riverside Hotel

Add First Bank of the United States to Your Trip

Create a detailed travel itinerary with smart routing, time estimates, and everything you need for a perfect trip.

3M+ downloads · 4.6 stars · 15 years of trip planning
QR code
Scan to download the app

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