This also, in its purely banking aspects, seems to have been distinctly successful, conducting numerous branches in various parts of the country, maintaining at all times the parity of its notes, facilitating domestic exchange throughout the country, and enjoying unquestioned credit and solvency.

However, this bank became, even in a greater degree than did the First Bank, the creature of political rivalries.

In the period of rising democratic sentiment typified and led by Andrew Jackson, the bank came to be looked upon as the embodiment, or the stronghold, of plutocratic interests, and Congress permitted its charter to expire by limitation in 1836, near the close of Jackson's administration.
Sec.2.

#Banking from 1836 to 1863#.

The Federal Government, which up to that time had deposited its funds in the central bank and its branches and in local state banks, established the "independent treasury," in 1840 (abolished in 1841 and re-established in 1846).