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Bank of North America
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Bank of North America : ウィキペディア英語版
Bank of North America

The President, Directors, and Company, of the Bank of North America, commonly known as the Bank of North America, was a private bank first chartered on Dec. 31, 1781〔(Cont'l Cong., Journal and Records from Dec. 31, 1781, in 21 ''Journals of the Continental Congress, 1774-1789'' 1187-90 (Library of Cong. eds., 1904-1937). )〕 by the Confederation Congress and opened in Philadelphia on Jan. 7, 1782.〔(Lawrence Lewis, Jr., ''A History of the Bank of North America: The First Chartered Bank in the United States'' 37 (J.B. Lippincott & Co. 1882). )〕 It was based upon a plan presented by Superintendent of Finance Robert Morris on May 17, 1781〔Continental Journal (Boston, MA). "Plans for Establishing a National Bank." June 21, 1781. 2〕〔Curtis P. Nettels, ''The Emergence of a National Economy, 1775-1815'' (1962) p 32〕 and approved by the Continental Congress on May 26, 1781.〔(Cont'l Cong., Journal and Records from May 26, 1781, in 20 ''Journals of the Continental Congress, 1774-1789'' 545-48 (Library of Cong. eds., 1904-1937). )〕 This was thus the Nation's first de facto central bank. When shares in the bank were sold to the public, the Bank of North America became the country's first initial public offering.〔http://www.moaf.org/exhibits/americas_first_ipo/index〕 It was succeeded in its role as central bank by the First Bank of the United States in 1791.
==Congressional Charter==

In May 1781 Alexander Hamilton revealed that he had recommended Morris for the position the previous summer when the constitution of the executive was being solidified. Second, he proceeded to lay out a proposal for a National Bank. Morris, who had corresponded with Hamilton previously (1780) on the subject of funding the war, immediately drafted a legislative proposal based on Hamilton's suggestion and submitted it to the Congress. Morris persuaded Congress to charter the Bank of North America, the first private commercial bank in the United States.〔(A History of Banking in the United States ). By John Jay Knox, Bradford Rhodes, Elmer Haskell Youngman. p.40.〕

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