Timeline Friday 25 February 1791

Events on Friday 25 February 1791 1

• 1791 First Bank of the United States chartered Congress charters the nation's first national bank On 25 February 1791 the U.S. Congress passed a bill chartering the First Bank of the United States, proposed by Treasury Secretary Alexander Hamilton. President Washington signed it into law, establishing a central institution to manage federal finances and stabilize currency. The bank operated under a twenty-year charter headquartered in Philadelphia.