Water chiller. A water chiller is a mechanical device used to facilitate heat exchange from water to a refrigerant in a closed loop system. The refrigerant is then pumped to a location where the waste heat is transferred to the atmosphere.
Banking in the United States before creation of the Federal Reserve System was, to say the least, chaotic. Early American Banking: 1791-1863. Banking in the America of 1863 was far from easy or dependable.
Thefederal government first became involved in bank oversight in 1791, whenCongress created the Bank of the United States. The U.S. government wasthe major stockholder, owning one-fifth of the bankâs $10 million incapital.