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TeachMeFinance.com - explain Fiscal Bank of the United States historic definition... Fiscal Bank of the United States -- This was the name given to a proposed bank modelled practically on the same lines as the two Banks of the United States. It seems to have been the idea of its projectors that the word Fiscal in the'title would overcome some of the popular objections to the establishment of a third great national bank. Congress passed a bill authorizing the Fiscal Bank of the United States and sent it to President Tyler on August 6, 1841. The President vetoed it on alleged constitutional grounds. A new bill meeting the views of the President as expressed in his veto was promptly prepared and passed, but the President vetoed that also. This ended all serious attempts to create a great national bank. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.