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Jackson removed the bank's federal funds and placed them in state banks.
Buckeye State Credit Union and Woodforest Bank
Jackson removed the bank's federal funds and placed them in state banks.
The main reason that the Second Bank of the United States was weakened was because Andrew Jackson, who was a Democrat, believed in a weak Federal Government and stronger State Governments. So, he took money from the National Bank and put it into all of the State Banks.
johon adams
Jackson removed the bank's federal funds and placed them in state banks.
They were deposited in various state banks.
The seven State Banks ( ie. Associates of the State Bank of India ) are :- 1. State Bank of Travancoe 2. State Bank of Mysore 3. State Bank of Hyderabad 4. State Bank of Saurashtra 5. State Bank of Bikaner and Jaipur 6. State Bank of Patiala 7. State Bank of Indore
He ordered the Treasury to put the money in state banks.(:
Andrew Jackson announced that the government was no long going to be using the Second National Bank and removed all funds from the bank.
The State Bank of India is the largest bank in India and second largest in the world. Its a Public Sector Bank with the Reserve Bank of India having 60% stake in it. SBI was natonalised in 1955 by the Government of India.
No We cannot deposit directly into the accounts of the different state banks.