Banking Timeline
1791 Bank of the US
1816 Second Bank of the US
The Second Bank of the United States, located in Philadelphia, PA, was the second federally authorized Hamiltonian National Bank in the United States during its 20-year charter from February 1816 to January 1836.
Civil War (printing currency)
1863 National Banking Act
- United States federal banking act that established a system of national banks for banks, and created the United States National Banking System
1913 Federal Reserve Act
- intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy in the United States
1930 Great Depression
1933 Glass Steagall Banking Act
1970's Banking Crisis
- crash in property prices, stock market crash, high unemployment.This period saw the failure of major national banks including the Franklin National here in the US
1982 Garn-St Germain Depository Institutions Act
1999 Gramm-Leach-Billey Act
- It repealed part of the Glass–Steagall Act of 1933 removing barriers that prevented banks trading in securities and selling insurance.