national bank
4
3.1
- noun
- /ˈnæʃənl bæŋk/
- Specialized
:
banco nacional
- In the United States, the national bank is regulated by the federal government to ensure financial stability.
- subsidiaries of national bank
- authorize branching by national banks
- national bank operating
And also the First National Bank Act passed during the Civil War.
- And also the First National Bank Act passed during the Civil War.
- Three types of banks existed at the time, national banks, state banks, and private banks.
Examples
-
Omni National Bank is a full-service national bank with assets in excess.
Blog text (10) -
This resulted in a dual money-issuing system being born which encompassed both the national bank notes and Lincoln's greenbacks.
-
And also the First National Bank Act passed during the Civil War.
-
The answer was, he argued, to establish a National Bank and to issue money made from paper.
-
Three types of banks existed at the time, national banks, state banks, and private banks.
-
Throughout that period, national banks were not allowed to invest in or deal in stocks.
Academic text (1998) -
The issue on the table: Secretary Hamilton's plan to assume state debt and establish a national bank.
-
At the same time, the national bank has tightened the extension of new credits to the rest of the economy.
Academic text (1990) -
Thus, Congress enacted the National Banking Act, which established a system of national banks and created a national currency maintained by private bank holdings of U.S. Treasury bonds.
-
Upon Abraham Lincoln's assassination, all of his U.S. Treasury issued greenbacks were retired from circulation, leaving only national bank notes.
Synonyms
∞
1.0
A place where people keep and borrow money
12
3.0
A business that takes money from people and businesses, lends it, and helps with payments
1
2.8
A company that accepts people's money as deposits and lends it to others
How Regulated
Surface Forms
Morphology
The meaning is directly and transparently compositional: 'national' (relating to the nation or central government) plus 'bank' (a financial institution) yields a bank operating at or under national/federal authority. While there may be legal or regional nuances (e.g., specific chartering in the U.S.), the basic idea is easily inferable by a B1 learner who knows both words.
Etymology
National bank comes from the idea of a national meaning 'for the whole country' and a bank that serves more than a town. Governments gave these banks official permission to work across the whole country, so today the phrase means 'a bank set up and controlled by the national government'.