National Bank

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.

In the past, the term "national bank" has been used synonymously with "central bank", but it is no longer used in this sense today. Some central banks may have the words "National Bank" in their name; conversely if a bank is named in this way, it is not automatically considered a central bank. For example, National-Bank AG in Essen, Germany is a privately owned commercial bank, just like National Bank of Canada of Montreal, Canada. On the other side, National Bank of Ethiopia is the central bank of Ethiopia and National Bank of Cambodia is the central bank of Cambodia.

Read more about National Bank:  Afghanistan, Australia, Denmark, Canada, Chile, Colombia, India, Iran, Pakistan, Serbia, United States

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... The skyline of Little Rock began to emerge in 1968 with the construction of Worthen Bank (now Bank of America), and Union National Bank ... Worthen was topped out at 375 feet and Union National at 331 feet making them both taller than the Tower Building which was 300 feet and the tallest building up to that time ... In 1975, First National Bank, now Regions Bank, was topped out at 454 feet and 30 stories ...
List Of Tallest Buildings In Omaha, Nebraska
... tallest buildings in Omaha, Nebraska include towers for Woodmen of the World and the First National Bank of Omaha ... Omaha's tallest building is the 45-story First National Bank Tower ... Tower was the tallest until the construction of the First National Bank Tower ...
Leonis C. Malburg - Banking Career
... banking career as a messenger for First National Bank of Vernon, which was chartered in 1919 ... He rose within the bank to oversee loans for construction projects and eventually became the bank's Vice President ... In 1956, he became the President of First National Bank ...
National Bank - United States
... In the United States, the term "national bank" originally referred to the revolutionary era Bank of North America, later, First Bank of the United States, or its successor the Second Bank of the ... the term "national bank" has a precise meaning a banking institution chartered and supervised by the Office of the Comptroller of the Currency ("OCC"), an agency in the U.S ... Treasury Department, pursuant to the National Bank Act ...

Famous quotes containing the words bank and/or national:

    Good resolutions are useless attempts to interfere with scientific laws. Their origin is pure vanity. Their result is absolutely nil. They give us, now and then, some of those luxurious sterile emotions that have a certain charm for the weak.... They are simply cheques that men draw on a bank where they have no account.
    Oscar Wilde (1854–1900)

    America is a nation with no truly national city, no Paris, no Rome, no London, no city which is at once the social center, the political capital, and the financial hub.
    C. Wright Mills (1916–1962)