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Good info here: http://en.wikipedia.org/wiki/State_bank
Basic benefits of a state charter over national charter:
bank can lend a higher percentage of it's capital
doesn't have to be in the federal reserve system
easier and cheaper to get and maintain a state charter
asses to services that may not be available to national banks like real estate brokerage
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∙ 15y ago
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What is the main criterion used by the world bank in classifying different countries?
state bank in pakistan
What did the economic nationalists wanted to do in 1776?
secure a charter for the Bank of North America; congress assume payment of the entire national debt; use tax revenues to pay off the growing national deficit
What role does the reserve bank play in the economy?
The federal reserve bank plays an important roll with (de)/(in)flation, housing the IRS and Treasuries money. When money is granted to a state by the federal government, the money is handed out by the Federal Reserves in the state in which the money was granted.
How did the world bank help the developing countries?
The World Bank can be considered the world's bank. Many governments (National and State) of various developing nations approach the world bank for monetary help with respect to various development project in their region. For ex: If the Chief Minister of the State of TamilNadu (India) plans on building a huge dam across one of its rivers and requires funding worth a few hundred crores of Rupees and does not have sufficient funding in his coffers, he can approach the world bank. He would have to submit a proposal with details of the plan along with details as to how he plans on repaying the borrowed money. If the World Bank feels that the plan will benefit the people of the state and also if they feel the state government will be able to repay the money loaned out, they will grant the loan.
Vision and mission statement of state bank of Pakistan?
The mission of State Bank of Pakistan (SBP) is to promote monetary and financial stability and foster a sound and dynamic financial system, so as to achieve sustained and equitable economic growth and prosperity in Pakistan
What is the right of state to allow a bank or company to do business called?
charter
What agency regulates state chartered credit unions in California?
If the bank in California has chosen to go with a state charter (instead of a federal charter), the agency regulating that bank is named "The California Department of Financial Institutions."
Charter one bank routing number for MI state?
241 070 417
What state has the Charter One Bank routing number 241070417?
In Ohio the routing number 241070417 belongs to RBS Citizens, which is Charter One.
Why did Jefferson opposed the creation of the bank of united state?
in february in 1791 congress enacted the charter first national bank.
When was First Charter Bank created?
First Charter Bank was created in 1888.
What was the bank recharter bill?
It was what it sounds like- a bill to re-charter a bank - in this case, the Second Bank of the United States. "re-charter" meant to renew the charter that allowed the bank to operate,
Is a charter required to start a bank?
yes bank is company and every company needs charter
Did Andrew Jackson replace the Bank of the US with one large state bank?
No, Andrew Jackson did not replace the Bankof the U.S with one large state bank. Instead he vetoed the charter to renew the bank of the U.S then he took out all of its money and distrubited the money to various state banks.
When President Jackson did not renew the charter for the Bank of the US the responsibility of money lending fell to?
When President Jackson did not renew the charter for the Bank of the US the government stated putting money in state banks. Money lending fell on these banks and four anti-bank resolutions were approved.
How did Andrew Jackson destroy the Second National Bank?
He ordered the Treasury to put the money in state banks.(:
What happened as a result of President Andrew Jackson's opposition to the National Bank?
Jackson won the election of 1832 after the bank president forced renewal of the bank charter to be a campaign issue. After the charter was not renewed, Jackson hastened its demise by ordering federal money to be taken out of it and moved to state banks.
