Did George Washington create the national bank?

Yes, George Washington did approve the National Bank. The nation faced economic disaster from crushing Revolutionary War debt. Allegedly to help stabilize the economy, Alexander Hamilton, Secretary of the Treasury, proposed a national bank -- but Secretary of State Thomas Jefferson objected because he felt it would give the bank too much power, and that the federal government would be exceeding its mandate since none of the alleged benefits were necessary. After considering both arguments, Washington decided to establish the national bank.