Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Nationally chartered banks were able to issue their own currency up to 1935.  In order to do so they had to purchase bonds from the Federal Government covering the amount they issued.  The bonds were called in '35 and none have been sold since then.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Sun Jun 1st, 2008 at 12:58:46 AM EST
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