Banking Timeline

Kaittlynn Forisso

1791 Bank of the US

One of the first banks

1816 Second Bank of the US

A private corporation with public duties, the bank handled all fiscal transactions for the U.S. Government, and was accountable to Congress and the U.S. Treasury. Twenty percent of its capital was owned by the federal government, the Bank's single largest stockholder.

Civil War

the Confederate government issued a vast array of paper currencies — at least seventy different types of currency, totaling more than 1.5 billion dollars, an incredible sum at that time.

1863 National Banking Act

were two United States federal banking acts 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, into the United States.

1930's Great Depression ( regarding banking)

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s

Glass-Streagall Banking Act

Usually refers to four provisions of the U.S. Banking Act of 1933 that limited commercial bank securities activities and affiliations within commercial banks and securities firms.

1970's (regarding banking)

1. When I first joined the bank in 1972, it was like the library. You weren't allowed to talk. And there was no laughing. When you were learning, if you made a mistake with a customer, they'd call the manager. It was really serious.

1982 (regarding banking)

The Crisis of 1982 was a major economic crisis suffered in Chile. The crisis took place during the time of the Chilean military dictatorship following years of radical neoliberal reforms when but one non-neoliberal measure was enacted in 1979 by fixing the peso's exchange rate

1999 Gramm-Leach-Bliley Act

The Gramm-Leach-Bliley Act requires financial institutions – companies that offer consumers financial products or services like loans, financial or investment advice, or insurance – to explain their information-sharing practices to their customers and to safeguard sensitive data.