First Bank of the United States

E7829

central bank commercial bank national bank

The First Bank of the United States was the early national government’s central financial institution, chartered in 1791 to stabilize and standardize the young American economy under Alexander Hamilton’s financial program.

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All labels observed (4)

Label	Occurrences
First Bank of the United States canonical	12
Report on a National Bank	4
Bank of the United States	1
national bank of the United States	1

How this entity was disambiguated

This entity first appeared as the object of triple T89812 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: First Bank of the United States
Context triple: [Independence National Historical Park, hasSite, First Bank of the United States]

A. Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. government agency that insures bank deposits and promotes stability and public confidence in the nation’s financial system.
B. Federal Reserve System
The Federal Reserve System is the United States’ central banking system, responsible for conducting monetary policy, regulating banks, maintaining financial stability, and providing financial services to the government and financial institutions.
C. Chase Manhattan Bank
Chase Manhattan Bank was a major American commercial and investment bank based in New York City that became one of the largest financial institutions in the United States before merging into JPMorgan Chase.
D. Federal Reserve Board of Governors
The Federal Reserve Board of Governors is the central governing body of the U.S. Federal Reserve System, responsible for setting national monetary policy and overseeing the country’s banking system.
E. National Bank Note
A National Bank Note was a type of U.S. paper currency issued by federally chartered national banks and backed by U.S. government bonds during the late 19th and early 20th centuries.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: First Bank of the United States
Target entity description: The First Bank of the United States was the early national government’s central financial institution, chartered in 1791 to stabilize and standardize the young American economy under Alexander Hamilton’s financial program.

A. Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is an independent U.S. government agency that insures bank deposits and promotes stability and public confidence in the nation’s financial system.
B. Federal Reserve System
The Federal Reserve System is the United States’ central banking system, responsible for conducting monetary policy, regulating banks, maintaining financial stability, and providing financial services to the government and financial institutions.
C. Chase Manhattan Bank
Chase Manhattan Bank was a major American commercial and investment bank based in New York City that became one of the largest financial institutions in the United States before merging into JPMorgan Chase.
D. Federal Reserve Board of Governors
The Federal Reserve Board of Governors is the central governing body of the U.S. Federal Reserve System, responsible for setting national monetary policy and overseeing the country’s banking system.
E. National Bank Note
A National Bank Note was a type of U.S. paper currency issued by federally chartered national banks and backed by U.S. government bonds during the late 19th and early 20th centuries.
F. None of above. chosen

Statements (49)

Predicate	Object
instanceOf	central bank ⓘ commercial bank ⓘ national bank ⓘ
architect	Samuel Blodgett ⓘ
authorizedBy	United States Congress ⓘ
branchNetwork	multiple branches in major U.S. cities ⓘ
capitalization	10 million dollars ⓘ
charterDate	1791 ⓘ
charterLength	20 years ⓘ
charterNotRenewed	1811 ⓘ
constitutionalDebate	raised questions about implied powers under the U.S. Constitution ⓘ
country	United States of America ⓘ surface form: United States
creator	Alexander Hamilton ⓘ
currencyRole	its notes circulated as a national medium of exchange ⓘ
currentUseOfBuilding	part of Independence National Historical Park ⓘ
disestablished	1811 ⓘ
era	Early Republic of the United States ⓘ surface form: Early National Period of the United States
established	1791 ⓘ
function	extended credit to the government ⓘ facilitated tax collection ⓘ held government deposits ⓘ issued banknotes redeemable in specie ⓘ served as fiscal agent of the U.S. federal government ⓘ
governance	board of directors elected by shareholders ⓘ
governmentRepresentation	federal government appointed some directors ⓘ
headquartersBuildingCompleted	1797 ⓘ
heritageStatus	National Historic Landmark ⓘ
influenced	development of the U.S. banking system ⓘ later central banking in the United States ⓘ
legalBasis	Necessary and Proper Clause ⓘ surface form: Necessary and Proper Clause of the U.S. Constitution
locatedIn	Philadelphia ⓘ surface form: Philadelphia, Pennsylvania
monopolyOnFederalDeposits	true ⓘ
opposedBy	Democratic-Republican Party ⓘ James Madison ⓘ Thomas Jefferson ⓘ
partOf	Alexander Hamilton's financial program ⓘ
privateOwnershipShare	80 percent ⓘ
proposedBy	Alexander Hamilton ⓘ
publicOwnershipShare	20 percent ⓘ
purpose	improve the credit of the United States ⓘ stabilize the American economy ⓘ standardize the American currency ⓘ
regionServed	United States of America ⓘ surface form: United States
relatedProgram	assumption of state debts ⓘ establishment of federal taxes and tariffs ⓘ funding of the national debt ⓘ
signedIntoLawBy	George Washington ⓘ
succeededBy	Second Bank of the United States ⓘ
supportedBy	Federalists ⓘ surface form: Federalist Party

How these facts were elicited

Referenced by (18)

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

Independence National Historical Park → hasSite → First Bank of the United States ⓘ

Hamiltonian economic program → hasPart → First Bank of the United States ⓘ

this entity surface form: Report on a National Bank

Alexander Hamilton's First Report on the Public Credit → followedBy → First Bank of the United States ⓘ

this entity surface form: Report on a National Bank

establishment of the First Bank of the United States → hasMainSubject → First Bank of the United States ⓘ

Alexander Hamilton → notableWork → First Bank of the United States ⓘ

this entity surface form: Report on a National Bank

Alexander Hamilton → designed → First Bank of the United States ⓘ

Second Bank of the United States → predecessor → First Bank of the United States ⓘ

Alexander Hamilton's Second Report on the Public Credit → alsoKnownAs → First Bank of the United States ⓘ

this entity surface form: Report on a National Bank

Whig Party → supportedPolicy → First Bank of the United States ⓘ

this entity surface form: Bank of the United States

Old City historic district → contains → First Bank of the United States ⓘ

Old City, Philadelphia → contains → First Bank of the United States ⓘ

Samuel Blodgett → notableProject → First Bank of the United States ⓘ

Bank Act of 1791 → created → First Bank of the United States ⓘ

Bank Act of 1791 → grantedPowerTo → First Bank of the United States ⓘ

Bank Act of 1791 → relatedTo → First Bank of the United States ⓘ

Baltimore branch of the Second Bank of the United States → affiliation → First Bank of the United States ⓘ

this entity surface form: national bank of the United States

Center City historic area → contains → First Bank of the United States ⓘ

Independence Mall → hasNearbyLandmark → First Bank of the United States ⓘ

All labels observed (4)

How this entity was disambiguated Show

Statements (49)

How these facts were elicited Show

Referenced by (18)

How this entity was disambiguated

How these facts were elicited