To eliminate the abuses of the state-chartered banks,the ________ created a new banking system of federally chartered banks,supervised by the ________.

Question

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The National Banking Act of 1863 created a new banking system of federally chartered banks, supervised by the Office of the Comptroller of the Currency, in order to eliminate the abuses of state-chartered banks. The Federal Reserve Act was not passed until 1913. The Office of Thrift Supervision did not exist until 1989.

To Eliminate the Abuses of the State-Chartered Banks,the ________ Created