<P> The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury , and to establish a sound and stable national currency . The federal deposits endowed the BUS with its regulatory capacity . </P>
what was the purpose of the second national bank
to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury , and to establish a sound and stable national currency