The National Banking System definition

The National Banking System means the aggregate of chartered financial institutions in the United States that participate in the ACH network. Generally referring to the federal-state dual banking structure that evolved from the National Banking Acts but also includes Credit Unions.

Examples of The National Banking System in a sentence

  • The National Banking System, founded in 1863, envisioned the creation of a uniform medium of exchange in the form of national bank notes, which replaced the preexisting system of state bank note issuance.

  • The National Banking System (general license banks only) total assets amounted to USD 123.93 billion, a USD 6.42 billion or 5.5% growth compared to 2021.

  • Sorensen (1998), "Rational Social Learning with Random Sam- pling" mimeoSprague, O.M.W. (1910), "History Of Crises Under The National Banking System", Washington, DC: U.S. Government Printing Office.Starr, M.A., R.

  • With this outcome, banks net profitability would be at levels close to the pre-pandemic period.In addition to receiving profits from abroad, provided by an International License bank, it is noteworthy that assets profitability continues with a positive performance.Graph VI.7: SBN Accumulated income (In millions of USD)December 2019 – 2022 The National Banking System recorded accumulated net profits, as of December 2022, of USD 1.57 billion, 30.3% more than that of 2021.

  • The National Banking System was introduced, but in this case the introduction caused the emergence of too many “national banks”¸ excessive creation of money and inflation.World War I (1914-18) brought Japan a period of prosperity through the export demand that was followed by a stock market boom.

  • The National Banking System (SBN) is different from the International Banking Center (CBI), consisting of banks holding a general license to conduct local banking business.

  • The National Banking System does not include the 29 international license banks.

  • The National Banking System, which was established in 1864, was admittedly imperfect in many respects.

  • The National Banking System experienced several major banking crises.

Related to The National Banking System

  • RFR Banking Day means any day specified as such in the Reference Rate Terms.