1791 Bank of the US
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.
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.
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.
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)
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.