jan 4, 1863 - A National Banking System
Description:
Congress establishes a national banking system and authorizes the U.S. Department of the Treasury to oversee the issuance of National Banknotes. This system sets Federal guidelines for chartering and regulating "national" banks and authorizes those banks to issue national currency secured by the purchase of United States bonds.Added to timeline:
Date:
jan 4, 1863
Now
~ 162 years ago