William J. Duane, Secretary of the Treasury, refuses the order of Democratic (constitutionalist) President Jackson to withdraw all federal deposits from the central Bank of United States, and transfer them into commercial State banks.
[added 2/14/2021]
Subsequent Events:
References:
William J. Duane – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/William_J._Duane
The Federal Reserve and you
endthefednc.wordpress.com/
U.S. Banking Timeline
www.libertyforlife.com/banking/currency-us-timeline.html