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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 of Canada of Montreal, Canada, is a privately owned commercial bank. 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.

National bank (disambiguation)

National bank may refer to:

  • National bank
  • National Australia Bank
  • National Bank of Canada
  • National Bank Act
  • National Bank of Greece
  • National Bank of Ukraine
  • National Bank of Romania
  • National Bank of Bahrain
  • Second National Bank
  • National Bank of Poland
  • Swiss National Bank
The Collaborative International Dictionary

National bank

National \Na"tion*al\ (?; 277), a. [Cf. F. national.]

  1. Of or pertaining to a nation; common to a whole people or race; public; general; as, a national government, language, dress, custom, calamity, etc.

  2. Attached to one's own country or nation.

    National anthem, a popular song or hymn which has become by general acceptance the recognized musical expression of the patriotic sentiment of a nation; as, ``God save the King'' is called the national anthem of England.

    National bank, the official common name of a class of banking corporations established under the laws of the United States.

    National flag. See under Flag.

    National guard, a body of militia, or a local military organization, as in Paris during the French Revolution, or as certain bodies of militia in other European countries and in the United States.

    National salute, a salute consisting of as many guns as there are States in the Union. [U.S.]

WordNet

national bank

n. a commercial bank chartered by the federal government

Usage examples of "national bank".

If any doubts remained on the subject, this should have proved that the two were not professional bank bandits, since professionals presumably would know about national bank holidays.

After he had gotten a job as a teller in the National Bank of Iraq, main branch.

The largely out-of-work farmer had spent over $35,000, using Chase and First Deposit National Bank cards, on farm equipment, personal effects, and airline tickets.

Slump-shouldered girls are scurrying into the big Title Insurance & Trust Company and Crocker National Bank buildings, rushing to punch in on the time clock before 8:00.

He had seen them enter the national bank and remove the $5 billion worth of gold bullion that constituted the national reserve.

When they had passed a branch of the Midlantic National Bank earlier, he had asked himself for the thousandth time why he didn't just stop the car and deposit the money in a false name.

Secretary Hamilton's proposed national bank, the centerpiece of his plan and now before Congress, had the support of nearly everyone, Abigail reported to Cotton Tufts.

A coworker at the Riverside National Bank had received a call from her around 5:30 P.