- a bank chartered by the U.S. government and formerly authorized to issue notes that served as money.
- a bank owned and administered by the government, as in some European countries.
Origin of national bank
An Americanism dating back to 1780–90
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for national bank
Owing to the repressive influence of the national-bank act, hastened in its effect by the 10 per cent.
Many of the state banking laws likewise contain the same provision as the national-bank act with reference to surplus.
In the banking laws of seven States the limit on the amount of single liability is the same as under the national-bank act.
As in the case of the national-bank note, the obligation of the United States and the assets of the issuing bank secure it.
- (in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve SystemCompare state bank
- a bank owned and operated by a government
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012