Entities

Second Bank of the United States

Second Bank of the United States

Entity Type
Founding Date
1816

The name 'Bank of the United States' was bestowed to national banks built to serve as government fiscal agents and as depositories for federal funds. Chartered in 1816, the Second Bank of the United States was intended to safeguard financial stability in the U.S. It caused political tensions and turmoil in the mid-19th century.