text:  Much of <unk> 's financial activity was mediated through the Bank of Massachusetts , where his father @-@ in @-@ law was a director . <unk> himself was elected to its board in 1785 , when he also became a shareholder . During his time on the board the bank <unk> its regulations on loan <unk> , a move that improved the stability of its capital . <unk> used the bank for most of his personal deposits , but also drew on lines of credit for as much as several thousand dollars . The bank shares he held paid relatively high <unk> until 1791 , when the bank received serious competition from the First Bank of the United States . 
  