Second Bank of the United States (jan 7, 1817 – jan 1, 1836)
Description:
Bank President: Nicholas BiddleA 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 three 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.[8]
Added to timeline:
Date:
jan 7, 1817
jan 1, 1836
~ 18 years