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Eventually, the Citi shares the Treasury took over in return for the guarantees it issued were booked as net profit for the treasury as Citi had enough liquidity and guarantees did not have to be used. By , Citibank had repaid the loans from the Treasury in full, including interest, resulting in a net profit for the U. Moses Taylor assumed ownership and management of the bank in During Taylor's ascendancy, the bank functioned largely as a treasury and finance center for Taylor's own extensive business empire.

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