Why did Van Buren want to create a national treasury?

Martin Van Buren sought to create a national treasury to stabilize the American economy and prevent the financial chaos that had plagued the country during the Panic of 1837. He believed a national treasury would provide a secure place for federal funds, reduce dependency on state banks, and create a more efficient system for managing government finances. By establishing a national treasury, Van Buren aimed to restore public confidence in the banking system and promote fiscal responsibility. This move was also part of his broader vision for a more organized and effective federal government.