The Bank served as the fiscal agent for the federal government, taking tax payments, protecting government finances, and providing loans to the government.
Economic historians view The First Bank of the United States as a success. The Bank, according to Treasury Secretary Albert Gallatian, was "wisely and skillfully administered" (Hixson, 114). The Bank maintained an extraordinary level of liquidity.
The organization was the biggest wealthy corporation in the world at the time. In addition to establishing a strong and stable national currency, the Bank's primary functions were performing fiscal duties for the U.S. Treasury and regulating the public credit granted by private banking institutions.
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