National bank (United States)
Type of banking charter / From Wikipedia, the free encyclopedia
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In the United States, a national bank is an ordinary private bank operating within the federal government's regulatory structure, which usually but not always operates nationally,[1] and is under the supervision of the Office of the Comptroller of the Currency.[2] It is legally required to be a member of the Federal Reserve System.[3] A national bank in the U.S. is distinguished from a state bank, whose permit is granted by one of the U.S. states,[1] and can only do business in that state.[2]
It has been suggested that this article be merged with State bank (United States) to Dual banking system. (Discuss) Proposed since March 2024. |