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First Bank of the United States

1791 establishments in Pennsylvania1791 establishments in the United States1810s in Pennsylvania1811 disestablishments in Pennsylvania18th-century architecture in the United States
1st United States CongressAmerican companies disestablished in 1811American companies established in 1791Bank buildings in PhiladelphiaBank buildings on the National Register of Historic Places in PhiladelphiaBanks disestablished in 1811Banks established in 1791Buildings and structures in Independence National Historical ParkCommercial buildings completed in 1797Defunct banks of the United StatesDefunct companies based in PennsylvaniaEconomic history of the United StatesFormer central banksGreek Revival architecture in PennsylvaniaHistoric American Buildings Survey in PhiladelphiaIndependence National Historical ParkNational Historic Landmarks in PennsylvaniaNeoclassical architecture in PennsylvaniaPresidency of George WashingtonUnused buildings in Pennsylvania
First Bank of the United States, Philadelphia, Pennsylvania LCCN2011633532 (edited)
First Bank of the United States, Philadelphia, Pennsylvania LCCN2011633532 (edited)

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. Hamilton believed a national bank was necessary to stabilize and improve the nation's credit, and to improve handling of the financial business of the United States government under the newly enacted Constitution. The First Bank building, located in Philadelphia, Pennsylvania, within Independence National Historical Park, was completed in 1797, and is a National Historic Landmark for its historic and architectural significance.

Excerpt from the Wikipedia article First Bank of the United States (License: CC BY-SA 3.0, Authors, Images).

First Bank of the United States
South 3rd Street, Philadelphia Center City

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N 39.9481 ° E -75.1464 °
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First Bank of the United States

South 3rd Street 120
19106 Philadelphia, Center City
Pennsylvania, United States
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First Bank of the United States, Philadelphia, Pennsylvania LCCN2011633532 (edited)
First Bank of the United States, Philadelphia, Pennsylvania LCCN2011633532 (edited)
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