The First and Second Banks of the United States

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About the Project

Bank of United States

In partnership with the Federal Reserve Bank of Philadelphia, the Federal Reserve Bank of St. Louis presents this digital collection of the original documents related to the formation of the First (1791-1811) and Second (1816-1836) Banks of the United States. This collection includes hearings before the House and the Senate, with arguments both in favor of and against each national bank; speeches by statesmen such as Daniel Webster, Henry Clay, John C. Calhoun, and John Quincy Adams; President Andrew Jackson's 1832 veto message in response to Henry Clay's re-charter bill; and documents from the American State Papers. For more information, see About the Project.

Of Special Interest...

Sep 16 On December 13, 1790, Alexander Hamilton submitted this report describing the need for a national bank. This report led to the creation of the America's first central bank.

Additional documents relating to the First and Second Banks of the United States, including bibliographical compilations and recent works written about the banks, are available in a topical collection.