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Modeled on the Bank of England,[6] the privately-held but publicly-funded institution would also serve to process revenue fees and to perform fiscal duties for the federal government.[5][7] Hamilton regarded the bank as indispensable to produce a stable and flexible financial system.[6][

https://archive.ph/40VQz


The Second Bank of the United States was the second federally authorized Hamiltonian national bank[1] in the United States. Located in Philadelphia, Pennsylvania, it was chartered from February 1816 to January 1836.[2] 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".[3] While other banks in the US were chartered by and only allowed to have branches in a single state, it was authorized to have branches in multiple states and lend money to the US government.




https://archive.ph/KEMCJ




In 1811, the U.S. Senate tied on a vote to renew the bank's charter. Vice President George Clinton broke the tie and voted against renewal. The bank's charter thus expired in 1811.

In 1816, the bank was succeeded by the Second Bank of the United States.


https://archive.ph/hNhdh