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
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Examples from the Web for national bank
Historical Examples of 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.
British Dictionary definitions for national bank
(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
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