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en-wikipedia-org-217		National Bank Act - Wikipedia			.html	text/html	3365	319	65	In 1846, the Polk Administration created a United States Treasury system that moved public funds from private banks to Treasury branches in order to fund the Mexican–American War. However, without a national currency, the revenue generated this way was limited. The goals of these acts was to create a single national currency, a nationalized bank chartering system, and to raise money for the Union war effort. The Act established national banks that could issue notes which were backed by the United States Treasury and printed by the government itself. To further control the currency, the Act taxed notes issued by state and local banks, essentially pushing non-federally issued paper out of circulation.[8] The 1864 act, based on a New York State law, brought the federal government into active supervision of commercial banks. National Bank Acts of 1865 and 1866[edit] National Bank Acts of 1865 and 1866[edit] National Bank Acts of 1865 and 1866[edit] National Bank Acts of 1865 and 1866[edit]	./cache/en-wikipedia-org-217.html	./txt/en-wikipedia-org-217.txt