The Bank of British North America was founded by Royal Charter issued in 1836 in London, England with offices in Toronto, Montreal, Quebec City, Saint John, New Brunswick, Halifax and St. John's, Newfoundland. It was the first bank operating in British Columbia. It also operated agencies in New York City and San Francisco. Like the other Canadian chartered banks, it issued its own paper money. The bank issued notes 1852–1911. The end dates are the final dates appearing on notes, which may have circulated for some time after. The Bank of Canada was established through the Bank of Canada Act of 1934 and the banks relinquished their right to issue their own currency.