I know, data, yuck.
Out of curiosity though, lets just see what shadowstats.com says it was:
I prefer his fake inflation numbers.
Neither were the terms Air Force, Social Security or Medicare.
How 'bout the term Central Bank (i.e., The Founders who created a Central Bank in 1791...)?
No, the Founders didn't put the term in the Constitution, even though they created one. I guess they didn't know it was unconstitutional.
Just goes to show you how soon we forget! lol I have to add that it had one or two important distinctions between itself and today's Fed:
There were other, nonnegotiable conditions for the establishment of the Bank of the United States. Among these were[citation needed]:
That the Bank was to be a private company.
That the Bank would have a twenty-year charter running from 1791 to 1811, after which time it would be up to the Congress to approve or deny renewal of the bank and its charter; however, during that time no other federal bank would be authorized; states, for their part, would be free to charter however many intrastate banks they wished.
That the Bank, to avoid any appearance of impropriety [Where have I heard that word used - did I say that?], would:
1.be forbidden to buy government bonds.
2.have a mandatory rotation of directors.
3.neither issue notes nor incur debts beyond its actual capitalization.
That foreigners, whether overseas or residing in the United States, would be allowed to be Bank of the United States stockholders, but would not be allowed to vote.
That the Secretary of the Treasury would be free to remove government deposits, inspect the books, and require statements regarding the bank's condition as frequently as once a week.
https://en.wikipedia.org/wiki/First_Bank_of_the_United_States
Who said the founders were perfect, but for sure they did a much much better job of keeping their temporary central bank in check than we have!