Timeline of the Bank Industry

Below is a timeline of the events in the Banking Industry

The first US Bank (1791)- The first privately owned US Bank

Second Bank of US (1816)- Served as the main deposit for the government

National Banking Act (1863)- Lincoln made the National banking act

Federal Reserve (1913)- Creates the national banking system we have today

Great Depression(1930)- The banks fail and everyone loses their moeny

The 1970's- The Economy and Banking were not good because of the previous and current wars going on

1982- The saving and loans scandal happened

Gram-leech-blinling act- Allowed banks to grow even longer