National Banking Act of 1863

E25923

United States federal statute banking law monetary law

The National Banking Act of 1863 was a U.S. Civil War–era law that created a system of nationally chartered banks and a uniform national currency, reshaping the American banking and monetary system.

Aliases (7)

Statements (41)

Predicate	Object
instanceOf	United States federal statute → banking law → monetary law →
aimedToReduce	state bank–issued banknotes →
alsoKnownAs	National Banking Act of 1863 → surface form: "National Currency Act"
appliesTo	national banks in the United States →
authorized	national bank charters →
context	Union government war financing measures →
country	United States of America → surface form: "United States"
created	national banking system →
enactedDuring	American Civil War →
enactedIn	1863 →
field	banking → financial regulation → monetary policy →
followedBy	National Banking Act of 1863 → surface form: "National Bank Act of 1864"
historicalPeriod	Civil War era →
impact	centralized banknote issuance under federal authority → encouraged purchase of U.S. government bonds → reduced monetary fragmentation among U.S. states →
introduced	federal oversight of nationally chartered banks →
jurisdiction	United States government → surface form: "United States federal government"
legalForm	Act of Congress →
legislativeBody	United States Congress →
purpose	to create a system of nationally chartered banks → to establish a uniform national currency → to help finance the Union war effort → to strengthen the federal government’s control over banking →
reformed	United States banking system → United States monetary system →
regulates	chartering of national banks → issuance of national bank notes →
relatedTo	Legal Tender Act of 1862 → surface form: "Legal Tender Acts" National Banking Act of 1863 → surface form: "National Bank Act of 1864"
required	national banks to hold U.S. government bonds as backing for banknotes →
resultedIn	issuance of national bank notes → more uniform U.S. paper currency →
signedBy	Abraham Lincoln →
subjectMatter	bank regulation → currency issuance → public finance →

Referenced by (13)

Full triples — surface form annotated when it differs from this entity's canonical label.

National Banking Act of 1863 → alsoKnownAs → National Banking Act of 1863 →

this entity surface form: "National Currency Act"

President of the United States (for the Comptroller of the Currency) → exercisesPowerUnder → National Banking Act of 1863 →

this entity surface form: "National Bank Act"

National Banking Act of 1863 → followedBy → National Banking Act of 1863 →

this entity surface form: "National Bank Act of 1864"

National Bank Note → introducedBy → National Banking Act of 1863 →

Office of the Comptroller of the Currency → legalBasis → National Banking Act of 1863 →

this entity surface form: "National Currency Act"

Office of the Comptroller of the Currency → legalBasis → National Banking Act of 1863 →

this entity surface form: "National Bank Act"

OCC → legalBasis → National Banking Act of 1863 →

subject surface form: "Office of the Comptroller of the Currency"

this entity surface form: "National Currency Act of 1863"

OCC → legalBasis → National Banking Act of 1863 →

subject surface form: "Office of the Comptroller of the Currency"

this entity surface form: "National Bank Act of 1864"

Aldrich–Vreeland Act → precededBy → National Banking Act of 1863 →

this entity surface form: "National Banking Acts"

Independent Treasury System → relatedTo → National Banking Act of 1863 →

this entity surface form: "National Banking System"

National Bank Note → relatedTo → National Banking Act of 1863 →

this entity surface form: "National Banking Act of 1864"

National Banking Act of 1863 → relatedTo → National Banking Act of 1863 →

this entity surface form: "National Bank Act of 1864"

Glass–Owen Act → replacedSystem → National Banking Act of 1863 →

this entity surface form: "National Banking System"