When banks organize, they have a choice whether to go under state or national rules. A national bank is one that decides to organize itself under the national rules and become a member of the Federal Reserve System.
a commercial bank chartered by the federal government
a bank that has the word National or the letters N
a financial institution chartered by the Office of the Comptroller of the Currency
A private (as opposed to government) institution into which government revenue is deposited. This bank issues currency, grants loans, and generally encourages commercial activity while stabilizing the economy.
A bank chartered by the federal government and a mandatory member of the Federal Reserve System.
A commercial bank that operates under a charter granted by a federal regulatory agency and is subject to regulation and supervision by federal regulators.
A bank whose charter is approved by the Comptroller of the Currency, it must belong to the Federal Reserve System and FDIC.
A commercial bank that is chartered by the Comptroller of the Currency; by law, national banks are members of the Federal Reserve System. See also Comptroller of the Currency.
Refers to commercial banks in the U.S. whose charter has been approved by the U.S. Comptroller of the Currency rather than by a state banking department. National banks must belong to the Federal Deposit Insurance Corporation and are required to be members of the Federal Reserve System and to purchase stock in the Federal Reserve Bank in their district.
(U.S. based) A bank that has received its charter from the federal government
A commercial bank operating under a federal charter and supervised and examined by the Comptroller of the Currency. The word national must appear in some form in the bank's corporate title. All national banks must belong to the Federal Reserve System and FDIC.
