National bank

National bank,

Definition of National bank:

  1. A bank that is federally chartered, a member of the Federal Reserve and whose deposits are insured by the FDIC.

  2. In the United States, a national bank is a commercial bank. The comptroller of the currency of the U.S. Treasury will charter a national bank. This institution will function as a member bank of the Federal Reserve and is an investing member of its district Federal Reserve Bank. National banks may facilitate the auction process of U.S. Treasury bonds. It is essential that they are members of the Federal Deposit Insurance Corporation (FDIC).

  3. Internationally, "national bank" is synonymous with "central bank," or a bank controlled by the national government of a country. Central banks set monetary policies within national economies.

How to use National bank in a sentence?

  1. National banks may facilitate daily transactions with their local Federal Reserve Bank.
  2. Internationally, national banks are controlled by the international governments themselves and are also called "central banks.".
  3. In the U.S., a national bank is a commercial bank chartered by the U.S. Treasury.

Meaning of National bank & National bank Definition

National Bank,

National Bank: What is the Meaning of National Bank?

  • In the United States, a national bank is a commercial bank. The monetary auditor of the Ministry of Finance is the National Bank. The agency will operate as a member of the Federal Reserve Bank and is an investment member of the Federal Reserve Bank for its districts. Domestic banks can facilitate the US Treasury auction process. They must become members of the Federal Deposit Insurance Corporation (FDIC).

    • In the United States, a national bank is a commercial bank approved by the US Treasury Department.
    • Internationally, a national bank is controlled by the international government itself and is also called the central bank.
    • National banks can facilitate day-to-day transactions with the local Federal Reserve Bank.

  • The bank is overseen by a monetary watchdog. The office of the currency verifier is the United States Treasury Department. National banks are recognizable because they must have a national or national association in their name. Who manages my bank? For more information

Literal Meanings of National Bank

National:

Meanings of National:
  1. About the same nation or characteristics of the whole nation.

  2. Citizens of some countries who generally have the right to hold a passport of that country.

  3. National competitions or tournaments.

Sentences of National
  1. This policy may be in the national interest

  2. A German citizen

Synonyms of National

resident, subject, state, public, inhabitant, citizen, governmental, federal, native

Bank:

Meanings of Bank:
  1. With Disembark or by a river or lake.

  2. The slope of a substance, massive or hilly.

  3. Sets or rows of similar items, especially electrical or electronic devices, are grouped into rows.

  4. Pool table cushions

  5. Accumulation (substance) in a mass or pile.

  6. Tilt or tilt when turning (by plane or car).

  7. (From locomotive) provides extra energy when going to the hills (train).

  8. (In billiards and other sports) you play (the ball) so that it bounces on the surface like a table or pillow.

  9. Financial institutions that deposit money through consumers, make payments as needed, issue interest-bearing loans and exchange currencies.

  10. Bank deposit (cash or valuables)

Sentences of Bank
  1. Line up at Willow Banks

  2. Snow shore

  3. On each side of the console is a large collection of DJ lights and speakers

  4. Bankruptcy

  5. The rain has collected dust behind the door

  6. The plane turned as if it were going back to the airport

  7. I put eight balls on two pillows

Synonyms of Bank

lean, outer limit, embankment, bounds, brink, pile, dip, stack, fringes, levee, gradient, limit, tier, pile up, side, array, acclivity, tump, put at an angle, angle, extremity, tip