Second Bank of the United States

The Second Bank of the United States, located in Philadelphia, Pennsylvania, was the second federally authorized Hamiltonian National Bank in the United States during its 20-year charter from February 1816 to January 1836. The bank's formal name, according to section 9 of its charter as passed by Congress, was "The President, Directors, and Company, of the Bank of the United States."

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. Four thousand private investors held 80% of the bank's capital, including one thousand Europeans. The bulk of the stocks were held by a few hundred wealthy Americans. In its time, the institution was the largest monied corporation in the world.

The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury, and to establish a sound and stable national currency. The federal deposits endowed the BUS with its regulatory capacity.

Second National Bank (Washington, D.C.)

The Second National Bank is an historic structure located in Downtown Washington, D.C. It was listed on the National Register of Historic Places in 1994.

History

The bank was organized in 1872 and this building served as its second headquarters. It was designed by Washington architect Appleton P. Clark, Jr. in the Italian Renaissance Revival style and was built from 1927 to 1928. The banking room was on the main floor of the building and it had rental office space above.

Architect

The building is an example of the flattened neoclassicism that was popular in the 1920s. The exterior of the building is faced with limestone and features bronze infills.

References

External links

Media related to Second National Bank (Washington, D.C.) at Wikimedia Commons

National bank

In banking, the term national bank carries several meanings:

In the past, the term "national bank" has been used synonymously with "central bank", but it is no longer used in this sense today. Some central banks may have the words "National Bank" in their name; conversely if a bank is named in this way, it is not automatically considered a central bank. For example, National Bank of Canada of Montreal, Canada, is a privately owned commercial bank. On the other side, National Bank of Ethiopia is the central bank of Ethiopia and National Bank of Cambodia is the central bank of Cambodia.

Afghanistan

Pashtany Bank is the government-owned bank in based in Kabul that controls Da Afghanistan Bank as well as the Afghan National Bank.

National bank (disambiguation)

National bank may refer to:

National Bank Limited

The National Bank Limited (Bengali: ন্যাশনাল ব্যাংক লিমিটেড) is the first private sector bank fully owned by Bangladeshi entrepreneurs. The bank was opened on 28 March 1983 but the first branch at 48, Dilkusha Commercial Area, Dhaka started commercial operation on 23 March 1983. The second branch was opened on 11 May 1983 at Khatungonj, Chittagong.

At present, NBL has been carrying on business through its 180 branches spread all over the country. Besides, the Bank has drawn arrangement with 415 correspondents in 75 countries of the world as well as with 32 overseas Exchange Companies. NBL was the first domestic bank to establish agency arrangement with the world famous Western Union in order to facilitate quick and safe remittance of the valuable foreign exchanges earned by the expatriate Bangladeshi nationals. NBL was also the first among domestic banks to introduce international MasterCard in Bangladesh. In the meantime, NBL has also introduced the Visa Card and Power Card. The bank has in its use the latest information technology services of SWIFT and Reuters. The NBL has been continuing its small credit programme for disbursement of collateral free agricultural loans among the poor farmers of Barindra area in Rajshahi district for improving their lot. Alongside banking activities, NBL is actively involved in sports and games as well as in various Socio-Cultural activities. Up to September 2006, the total number of workforce of NBL stood at 2239, which include 1689 officers and executives and 550 staff.