<P> The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury , and to establish a sound and stable national currency . The federal deposits endowed the BUS with its regulatory capacity . </P>
<P> The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury , and to establish a sound and stable national currency . The federal deposits endowed the BUS with its regulatory capacity . </P>
in 1816 legislation gave the second bank of the united states the power to
in 1816 legislation gave the second bank of the united states the power to
regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury , and to establish a sound and stable national currency
regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury , and to establish a sound and stable national currency