The Monte di Pietà, formerly known as the Monte di Sant'Anna, is a charitable institution which lends money to those in need at modest interest rates, on the security of gold, silver or other precious articles given in pawn. In Malta, the institution was set up in 1598, and it is still in operation today as part of the Inland Revenue Department. Since 1773, the Monte di Pietà has been housed in a 16th-century palace in Valletta.