Difference between revisions of "National bank"
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A national bank is a commercial bank chartered by the federal government rather than by state governments. There are only a small number of national banks, but they are larger than most state-chartered banks. The national banks hold most of the deposits in the banking system. | A national bank is a commercial bank chartered by the federal government rather than by state governments. There are only a small number of national banks, but they are larger than most state-chartered banks. The national banks hold most of the deposits in the banking system. | ||
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| + | [[Category:Economics terms]] | ||
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Revision as of 22:05, August 1, 2007
A national bank is a commercial bank chartered by the federal government rather than by state governments. There are only a small number of national banks, but they are larger than most state-chartered banks. The national banks hold most of the deposits in the banking system.