The historic First National Bank of the United States.
national bank definition by Webster's New World
- a bank or system of banks owned and operated by a government, as in some foreign countries
- ☆ 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 definition by American Heritage Dictionary
- A bank in a system of federally chartered privately owned banks in the United States, each required by law to be an investing member of its district Federal Reserve Bank and insured by the Federal Deposit Insurance Corporation.
- A bank associated with national finances and usually owned or controlled by a government.
national bank - Business Definition
- A privately owned bank chartered by the U.S. Comptroller of the Currency with membership in the Federal Reserve System and the Federal Deposit Insurance Corporation.
- See central bank.
national bank - Investment & 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.