Research topic:national bank

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national banks

A Dictionary of Business and Management | 2006 | © A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

national banks US commercial banks established by federal charter (approved by the Comptroller of the Currency), which requires them to be members of the Federal Reserve System. They were created by the National Bank Act 1863 and formerly issued their own banknotes.

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