National Bank History

The First Bank of the United States

  • After Alexander Hamilton spearheaded a movement advocating the creation of a central bank, the First Bank of the United States was established in 1791.
  • The First Bank of the United States had a capital stock of $10 million, $2 million of which was subscribed by the federal government, while the remainder was subscribed by private individuals. Five of the 25 directors were appointed by the U.S. government, while the 20 others were chosen by the private investors in the Bank.

Continue reading “National Bank History of the United States”

GovTrackUs

The text of the bill below is as of Jan 3, 2017 (Introduced).

Yahoo News

(Reuters) – A Michigan man whose drug-related prison sentence was commuted by former President Barack Obama was shot dead this week at a federal halfway house, according to local media reports.

Demarlon Thomas, 31, was shot and killed on Monday night by a man with an assault-style rifle in Saginaw, Michigan, around 100 miles (160 km) northwest of Detroit, according to local CBS affiliate WNEM.   Continue reading “Michigan man whose sentence was commuted by Obama killed: media”

LA Times – by Joshua Mitnick

Standing in a chilly sea breeze, hundreds of American expatriate demonstrators gathered outside the U.S. Embassy in Tel Aviv to protest what they described as President Trump’s slights against women and minorities.

Demonstrators were careful to keep the focus local, though, singing Hebrew prayers for peace, protesting Trump’s promise to move the U.S. embassy to Jerusalem, and holding up signs critical of the new president’s emerging bromance with Israeli Prime Minister Benjamin Netanyahu.   Continue reading “In Israel, marchers criticize talk of moving U.S. Embassy to Jerusalem”

Military.com – by Matthew Cox and Hope Hodge Seck

LAS VEGAS — The U.S. Army on Thursday awarded Sig Sauer a contract worth $580 million to make the next service pistol based on the company’s P320 handgun.

Sig Sauer beat out Glock Inc., FN America and Beretta USA, the maker of the current M9 9mm service pistol, in the competition for the Modular Handgun System, or MHS, program.   Continue reading “Army Picks Sig Sauer’s P320 Handgun to Replace M9 Service Pistol”

Yahoo News

WASHINGTON (Reuters) – President-elect Donald Trump accepts the U.S. intelligence community’s conclusion that Russia engaged in cyber attacks during the U.S. presidential election and may take action in response, his incoming chief of staff said on Sunday.

Reince Priebus said Trump believed Russia was behind the intrusions into the Democratic Party organizations, although Priebus did not clarify whether the president-elect agreed that the hacks were directed by Russian President Vladimir Putin.   Continue reading “Trump acknowledges Russia role in U.S. election hacking: aide”