This was the grand bargain. VA got the Federal District, the Yankees got a national bank. During the Revolutionary War there was no Federal Government - it was just the states with ability to tax (the good old days), so each state financed itself and war efforts in various ways - some borrowed money, others levied taxes. When the War was over, some states owed money and others did not - the national bank assumed all of the loans and paid interest and principal based of Federal taxes/duties, so states that borrowed money got a benefit while those states that paid-as-you-went got screwed. The Federal Bank also assumed all of the Dutch borrowings. Not sure if it assumed the French loans, but that money effectively bankrupted France and was one contributing factor to the French Revolution (which Lafayette was involved in) (one of my favorite things never taught in school history - at Mount Vernon on the wall right next to the staircase - is the key to the Bastille prison that Lafayette sent to his father-figure - Geo Washington).
http://www.mountvernon.org/preserva.../top-ten-objects-in-mount-vernons-collection/
Bank of New York today is the private bank that Alexander Hamilton founded.
An aside was that Jane Adams, beloved and revered wife of our 2nd President, was buying state bonds at a discount, with insider knowledge from John (over in Holland) that if the Federal Bank was created, the bonds would be redeemed at 100% of value. Also she had John send to her in diplomatic pouches embargoed sewing needles she would sell for exorbitant prices in Boston.