The Bank of the US was given a grant by Congress, that was signed by President Washington.
The Second bank of the US was also given a grant, but it failed because it wasn't regulated between state banks or granted to other banks.
No paper bills were printed during the Civil War, because the US government needed to save money during the war.
The National Banking Act addressed state currency and allowed dual banking, a system in which there is state and national banking structure.
The Federal Reserve Act is when congress created the Federal Reserve System, or the central bank of the US.
1930's Great Depression
The Great Depression caused many banks to close and fail, and they could only reopen if and when they were financially stable.
The Glass-Steagall Banking Act was created by the Federal Deposit Insurance Corporation, which means your is money protected if the bank ever goes under.
The restrictions on banks were loosened.
The banks failed again because of high risk loans and poor investments.
1999 Gramm-Leach-Bliley Act
Gramm-Leach-Bliley Act, Banks now have more control over banking, insurance, and securities.