February 25, 2004

*February 25

1964-At the age of 22, Cassius Clay defeated Sonny Liston to become the heavyweight boxing champion.

1791- The first national bank was chartered. The First Bank of the U.S. was opened in Philadelphia, but lost its charter in 1811. The Second Bank was chartered in 1816, and that charter expired in 1836...there has been no central bank since then. The Federal Reserve System, established in 1913, carries out the central bank functions.

Posted by Jennifer at February 25, 2004 01:49 PM