(in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve System
Compare state bank
2.
a bank owned and operated by a government
national bank in American English
1.
a bank or system of banks owned and operated by a government, as in some foreign countries
2. US
in the U.S., a bank chartered by the federal government and, since 1913, requiredto be a member of the Federal Reserve System
national bank in Finance
(næʃənəl bæŋk)
Word forms: (regular plural) national banks
noun
(Finance: Banking)
A national bank is a bank in the US that is regulated by the OCC.
A commercial bank obtains a charter either from the Comptroller of the Currency inthe case of a national bank or from a state banking authority in the case of a state bank.
A national bank may charge the maximum rate of interest permitted by state law for any state-charteredor state-licensed lending institution.
A national bank is a bank in the US that is regulated by the OCC.
Types of BankThe following are all types of bank:commercial bankcorrespondent bankcustodian bankinvestment bank
Examples of 'national bank' in a sentence
national bank
Ministers and the chairman of the national bank were summoned and the prime minister was called in.
Times, Sunday Times (2009)
This follows a decision by the national bank to abandon a cap on the currency.