In January 1785, the Congress of Confederation convened in New York’s old City Hall on Wall Street, and for more than five years Gotham served as the seat of American power. After the ratification of the United States Constitution, delegates met briefly at Fraunces Tavern as the old City Hall was remodeled to become the first capitol building for the new national government. On the second-floor balcony of the newly renamed Federal Hall, Washington took the oath of office as the first President of the United States on April 30, 1789. A statue of Washington overlooking Wall Street now stands outside a reconstruction of Federal Hall.