Did federlists believe in a national bank?

Answer:Because they could see the problem with allowing a privately owned bank to control the financial system in America. And they knew that it would result with the banks becoming very powerful and dictating the decisions that the Government would make. They may have also foreseen that the banks would began to loan money without gold to back, resulting in devaluing the US dollar. That would also mean that if they were ever to stop loaning money and call the notes in they would own a large portion of American businesses and homes.