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national bank Definition

national bank

noun

  1. a bank or system of banks owned and operated by a government, as in some foreign countries
  2. ☆ in the U.S., a bank chartered by the federal government and, since 1913, required to be a member of the Federal Reserve System

national bank Finance Definition
A commercial bank that receives its charter, or permission to operate, from the Comptroller of the Currency instead of a state banking department. National banks must be members of the Federal Reserve System and the Federal Deposit Insurance Corp. (FDIC). They also must own stock in their regional federal reserve bank.
national bank Usage Examples

Adjective modifier

  • central: Serious financial instability could ensue as a result of uncertainty over the role of the ECB versus individual national central banks.