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.

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All labels observed (8)

Label Occurrences
National Bank Act 4
National Bank Act of 1864 3
National Banking Acts 3

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 self-linksurface differs ⓘ
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 self-linksurface differs ⓘ
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 (17)

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

National Bank Note → introducedBy → National Banking Act of 1863 ⓘ
National Bank Note → relatedTo → National Banking Act of 1863 ⓘ
this entity surface form: National Banking Act of 1864
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
National Banking Act of 1863 → followedBy → National Banking Act of 1863 self-linksurface differs ⓘ
this entity surface form: National Bank Act of 1864
National Banking Act of 1863 → alsoKnownAs → National Banking Act of 1863 ⓘ
this entity surface form: National Currency Act
National Banking Act of 1863 → relatedTo → National Banking Act of 1863 self-linksurface differs ⓘ
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
Glass–Owen Act → replacedSystem → National Banking Act of 1863 ⓘ
this entity surface form: National Banking System
Independent Treasury System → relatedTo → National Banking Act of 1863 ⓘ
this entity surface form: National Banking System
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
President of the United States (for the Comptroller of the Currency) → exercisesPowerUnder → National Banking Act of 1863 ⓘ
this entity surface form: National Bank Act
Legal Tender Act of 1862 → relatedTo → National Banking Act of 1863 ⓘ
this entity surface form: National Banking Acts
Presidency of Abraham Lincoln → significantEvent → National Banking Act of 1863 ⓘ
this entity surface form: National Banking Acts
Federal Deposit Insurance Act → relatedTo → National Banking Act of 1863 ⓘ
this entity surface form: National Bank Act
Banking Code of the United States → includes → National Banking Act of 1863 ⓘ
this entity surface form: National Bank Act