National Register of Historic Places

First Bank of the United States

First Bank of the United States is a historic place in Philadelphia, Philadelphia County, Pennsylvania, listed on the United States National Register of Historic Places on May 4, 1987, and designated a National Historic Landmark. Its National Register reference number is 87001292.

Philadelphia, Philadelphia County, PennsylvaniaListed May 4, 1987NRIS #87001292★ National Historic Landmark
Photograph of First Bank of the United States
Photo: First Bank of the United States via Wikimedia Commons — see the file page for author and license. Image source
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Location 01

First Bank of the United States

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About this place

What is First Bank of the United States?

The President, Directors and Company of the Bank of the United States, commonly known as the First Bank of the United States, was a national bank, chartered for a term of twenty years, by the United States Congress on February 25, 1791. It followed the Bank of North America, the nation's first de facto national bank. However, neither served the functions of a modern central bank: they did not set monetary policy, regulate private banks, hold their excess reserves, or act as a lender of last resort. They were national insofar as they were allowed to have branches in multiple states and lend money to the US government. Other banks in the US were each chartered by, and only allowed to have branches in, a single state.

Source: Wikipedia, text available under CC BY-SA 4.0.

The record

Listing details

Name
First Bank of the United States
City
Philadelphia
County
Philadelphia County
Listed on the National Register
May 4, 1987
NRIS reference number
87001292
Resource type
building
National Historic Landmark
Yes
Coordinates
39.94806, -75.14635
When was First Bank of the United States listed on the National Register?

First Bank of the United States was added to the National Register of Historic Places on May 4, 1987.

Where is First Bank of the United States located?

First Bank of the United States is located in Philadelphia, Philadelphia County, Pennsylvania at approximately 39.94806, -75.14635. See the map above.

Is First Bank of the United States a National Historic Landmark?

Yes. First Bank of the United States is designated a National Historic Landmark, the highest federal recognition for a historic place.