Universalbankalität#

Universalbankalitaet, 2nd attempt to establish a State Bank (1714), after the failure of "Banco del Giro", established in 1703. Attempted to combine the servicing of the public debt with the functions of a treasury and a credit institution. As a bank it was not accepted by the public, so that its function was reduced to that of a treasury in 1722. Abolished by Empress Maria Theresia in 1745.