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In banking, the term national bank carries several meanings:
- especially in developing countries, a bank owned by the state
- an ordinary private bank which operates nationally (as opposed to regionally or locally or even internationally)
- in the United States, an ordinary private bank operating within a specific regulatory structure, which may or may not operate nationally, under the supervision of the Office of the Comptroller of the Currency.
What else can I help you with?
What is the difference between a state bank and a national bank?
In the United States, the difference is the level at which the bank functions. A state bank generally has a customer base that is restricted to one or a few of the fifty states, while a national bank has branches across most to all of the fifty states. There are also probably legal and financial differences regarding incorporation, applicable regulations, etc.
Why was the creation of a national bank so important to the U.S economy?
The national bank controlled the money supply
Is WoodForest National Bank a FDIC Covered Bank.?
yes WoodForest National Bank a FDIC Covered Bank.
What is the national Bank of America called?
1st national bank of America
What are some bank's names?
Chase, First national, First national community bank, Bank of America, national city, are just a few.
What are functions of national bank of Ethiopia?
power and function of national bank of Ethiopia
The main functions of the National Bank of Ethiopia?
To license & supervise banks & hold commercial banks reserves & lend money to them.
What are the functions of National Bank of Ethiopia?
The functions of the National Bank of Ethiopia include promoting financial inclusion, issue money, regulate the availability of credit and money and to control and fix rates for foreign exchange.
Do you have to bank with First National Bank?
Only if you want First National Bank to be your bank.
What is the difference between a state bank and a national bank?
In the United States, the difference is the level at which the bank functions. A state bank generally has a customer base that is restricted to one or a few of the fifty states, while a national bank has branches across most to all of the fifty states. There are also probably legal and financial differences regarding incorporation, applicable regulations, etc.
What did Hamilton see in the Constitution that gave him the authority to create a national bank?
He argued that Congress had the power to create a bank because the Constitution granted the federal government authority to do anything "necessary and proper" to carry out its constitutional functions
Which is the intermediary bank for Punjab national bank?
yes Punjab national bank is nationalized bank
When was National Bank of Bahrain created?
National Bank of Bahrain was created in 1957.
What was the previous name of the National Australia Bank?
The "National Australia Bank" was previously known as the "National Bank of Australia".
What does the word MONIES mean?
The most common medium of exchange; functions as legal tender.The official currency issued by a government or national bank.
Why was the creation of a national bank so important to the U.S economy?
The national bank controlled the money supply
What is the Hungarian national bank's name?
Hungarian National Bank , Magyar Nemzeti Bank
