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Organization operated only for the benefit of its depositors.
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First paper currency since the Constitution was adopted.
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Denominations for public use that would settling differences with each other.
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Silver dollars could back the silver certificates, which pleased the silver miners and the public.
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Bank that can lend to other banks in times of need.
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Paper currency issued by the Fed that eventually replaced all other types of federal currency.
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Insure customer deposits in the event of a bank failure.
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Too many bad loans with not enough capital to support it.
