Definitions for "National Bank"
A federally chartered bank which is a member of the Federal Reserve System and the Federal Deposit Insurance Corporation.
A U.S. bank that is chartered on the federal level (as opposed to the state level). National banks are required to be members of the Federal Reserve System. The FDIC insures their deposits.
A commercial bank approved by the U.S. Comptroller of the Currency, which is required to be a member of and purchase stocks in the Federal Reserve System.
Keywords:  citizen, branch
a citizen of each and every state in which it has a branch
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