banking system in the United States, consisting of state banks, chartered and supervised by state banking departments, and national banks, chartered and regulated by the Office of the Comptroller of the Currency. The side-by-side existence of state banks and national banks accounts for wide variations in credit regulation, legal lending limits, and permissable activities from one state to another, and even within a state.
U.S. system whereby banks are chartered by the state in which they operate or by the federal government. This makes for differences in banking regulations, lending limits, and services available to customers.
U.S. system whereby banks are chartered by the state or federal government. This makes for differences in banking regulations, in lending limits, and in services available to customers.
