 | It has been suggested that this article be merged with State bank (United States) to Dual banking system. (Discuss) Proposed since March 2024. |
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]
- ^ a b "What is the difference between a state and a national bank?". Department of Insurance and Financial Institutions (Arizona). Retrieved 8 May 2023.
- ^ a b "State bank: what it is, how it works, services". Investopedia. 26 July 2011. Retrieved 8 May 2023.
- ^ "National bank definition and meaning". Collins English Dictionary. 8 May 2023. Retrieved 8 May 2023.
© MMXXIII Rich X Search. We shall prevail. All rights reserved. Rich X Search