The First Bank of the United States:

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The First Bank of the United States was established in 1791 and was chartered by Congress to create a stable and unified national currency. Its main function was to transfer funds from one region to another, which helped to promote economic growth and stability. The bank was closed in 1811 due to political opposition, but its legacy lived on in the establishment of subsequent national banks. The bank is no longer in operation in Massachusetts or anywhere else.