The new Bank of the United States, created in 1816:

Name: The new Bank of the United States, created in 1816:
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The new Bank of the United States, created in 1816, served as a depository for federal funds. It was also given the authority to issue paper money, make loans, and regulate the economy. The bank was not owned entirely by the government, but the government did hold a significant amount of its stock. It was located in Philadelphia, not in Washington, D.C.

The New Bank of the United States, Created in 1816