National bank - wikipedia National bank For other uses, see National bank ( disambiguation ). `` The National Bank '' redirects here. For the Norwegian band, see The National Bank ( band ). This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. ( February 2011 ) Part of a series on financial services Banking Types of banks Advising Banq Central Commercial Community development Cooperative Credit union Custodian Depository Direct Export credit agency Investment Industrial Merchant Mutual savings National Offshore Participation Postal savings Private Public Retail Savings Savings and loan Universal Bank holding company Lists of banks Accounts Cards Accounts Christmas club Deposit Money - market Savings Time deposit ( Bond ) Transaction ( checking / current ) Cards ATM Credit Debit Funds transfer Electronic bill payment Wire Cheque SWIFT Automated Clearing House Giro Terms Automated teller machine Bank regulation Loan Money creation Bank secrecy Ethical banking Fractional - reserve banking Islamic banking Private banking Related topics Financial market ( participants ) Corporate finance Personal finance Public finance Financial law Financial regulation List of banks In banking, the term national bank carries several meanings : especially in developing countries, a bank owned by the state an ordinary private bank which operates nationally ( as opposed to regionally or locally or even internationally ) in the United States, an ordinary private bank operating within a specific regulatory structure, which may or may not operate nationally, under the supervision of the Office of the Comptroller of the Currency. In the past, the term `` national bank '' has been used synonymously with `` central bank '', but it is no longer used in this sense today. Some central banks may have the words `` National Bank '' in their name ; conversely if a bank is named in this way, it is not automatically considered a central bank. For example, National Bank of Canada of Montreal, Canada, is a privately owned commercial bank. On the other side, National Bank of Ethiopia is the central bank of Ethiopia and National Bank of Cambodia is the central bank of Cambodia. Contents 1 Afghanistan 2 Argentina 3 Australia 4 Bulgaria 5 Canada 6 Chile 7 Colombia 8 Denmark 9 India 10 Iran 11 Kenya 12 New Zealand 13 Pakistan 14 Palestine 15 Serbia 16 South Africa 17 United States 18 References 19 External links Afghanistan Pashtany Bank is the government - owned bank in based in Kabul that controls Da Afghanistan Bank as well as the Afghan National Bank. Argentina Argentina 's national bank is the Banco de la Nación Argentina, founded in 1891. Australia The Commonwealth Bank of Australia was founded by an Australian Act of Parliament in 1911. Bank Nationalisation was the policy of the Andrew Fisher Labor Government. In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in Australia to receive a Federal Government guarantee. In 1958 and 1959, there was a controversy concerning the dual function of the bank as the central bank on the one hand and a general bank on the other. As a result of this, the bank was split, giving the reserve bank function to the Reserve Bank of Australia and the general bank function to the Commonwealth Banking Corporation. The Commonwealth bank was privatised in the 1990s by the Keating Labor government. As of 2016, it is one of the big four banks, along with the National Australia Bank which has always been privately owned. Bulgaria Bulgarian national bank was founded on 25.01. 1879 and it is the 13 oldest central bank in the world. Its headquarter is in Sofia. BNB is an independent institution responsible for the issuance of national currency ( the Bulgarian lev ) and maintenance of the bank system 's stability. The bank has a key role in Bulgarian economy. Since 1.01. 2007 the bank is a member of European system of central banks. The governor of BNB is a member of General Assembly of European central bank. The bank has three departments : - Issue Department - responsible to maintain the full foreign exchange cover of the total amount of monetary liabilities i.s. responsible for issuance of national currency ; - Banking department - in case of system risk, this department performs the lender of last resort function. This department performs the function of a monetary board, introduced in Bg, since 1997. - Supervision Department - performs the supervision of the bank system. Canada For Canada 's central bank see Bank of Canada. The National Bank of Canada is a privately owned bank unrelated to the central bank. Chile The national bank in Chile is BancoEstado. It was created in 1953 by merging several state - owned financial institutions. The bank operates in competition with private banks but in addition to profitability its goals include having a positive social impact. Colombia The national bank in Colombia is the Bank of the Republic. Its primary role is to control the flow of money inside and outside the country and to issue the Colombian currency, the peso. Denmark Danmarks Nationalbank is the central bank of the Kingdom of Denmark. India The National Bank for Agriculture and Rural Development ( NABARD ) is an Indian government development bank that was established on 18 July 1981 to implement the National Bank for Agriculture and Rural Development Act 1981. Iran Iran 's national bank is Central Bank of the Islamic Republic of Iran ( CBI ) ( Persian : بانک مرکزی جمهوری اسلامی ايران ‎, Bank Markazi Jomhouri Islami Iran ). It was established in 1960. Kenya National Bank of Kenya is a commercial bank founded in 1968. Its shares are listed on the Nairobi Stock Exchange and are majority owned ( 70 % ) jointly by the Government of Kenya and by the state owned National Social Security Fund of Kenya. New Zealand New Zealand currently has one state - owned bank, Kiwibank, established in 2001. The New Zealand government formerly owned two other banks in New Zealand : The Bank of New Zealand, from 1945 to 1992 when it was privatised and sold, and Post Office Savings Bank, which was created as a separate entity with the privatisation of New Zealand Post. PostBank was sold to ANZ New Zealand in 1989. The National Bank of New Zealand was a retail bank which, in 2003, was purchased by ANZ from its former owner, Lloyds TSB. In 2013 it was rebranded as ANZ. Pakistan National Bank of Pakistan is a major bank in Pakistan. Palestine The National Bank TNB is the leading bank in Palestine. Serbia National Bank of Serbia is the state - owned central bank in Serbia which regulates the currency Serbian dinar. South Africa First National Bank ( South Africa ) is a commercial bank and is one of the `` Big Four '' banks in South Africa. United States See also : History of central banking in the United States In the United States, the term national bank originally referred to the Revolutionary War - era Bank of North America ( later the First Bank of the United States ) or its successor, the Second Bank of the United States. Both are now defunct. In the modern United States, the term national bank has a precise meaning : a banking institution chartered and supervised by the Office of the Comptroller of the Currency ( `` OCC '' ), an agency in the U.S. Treasury Department, pursuant to the National Bank Act. Inclusion in the bank 's name of the word National, the designation National Association, or its abbreviation N.A. is a required part of the distinguishing legal title of a national bank, as in `` Citibank, N.A. '' Many state banks, by contrast, are chartered by the applicable state government agencies ( usually the state 's department of banking ). The Federal Deposit Insurance Corporation ( FDIC ) insures deposits at both national and state banks. The advantage of holding a National Bank Act charter is that a national bank is not subject to state usury laws intended to prevent predatory lending. ( However, see also Cuomo v. Clearing House Association, L.L.C., stating that federal banking regulations do not preempt the ability of states to enforce their own fair - lending laws. ) There is currently no federal cap on rates. The federal government only requires that whatever rates, fees, or terms are set by issuers be disclosed to the consumer in accordance with the Truth in Lending Act. Notwithstanding the name, not all national banks have nationwide operations. Some national banks have operations in only one city, county, or state. National banks should also be distinguished from federal savings associations, including federal savings and loans and federal savings banks, which are financial institutions chartered by the Office of Thrift Supervision, an agency of the U.S. Treasury Department that was merged with the Office of the Comptroller of the Currency on July 21, 2012. The Federal Reserve is the central bank of the United States ; it is not a national bank but rather a unique system of institutions specially chartered by Congress to serve in this capacity. References Jump up ^ http://www.en.corporativo.bancoestado.cl/Investor_Relations/Corporate_Information/Strategic_Pillars.aspx Jump up ^ `` Welcome to Official Website of NABARD ''. Nabard.org. Retrieved 2016 - 12 - 30. Jump up ^ `` General Information ''. Cbi.ir. 2011 - 09 - 19. Retrieved 2016 - 12 - 30. Jump up ^ `` Audited December 2012 Financial Report '' ( PDF ). Nationalbank.co.ke. Retrieved 2016 - 12 - 30. Jump up ^ `` National Bank sale to investor dropped in new funding plan - Corporate News ''. Businessdailyafrica.com. Retrieved 2016 - 12 - 30. Jump up ^ Huo, Jingjing ( 2009 ). Third Way Reforms : Social Democracy After the Golden Age. Cambridge University Press. p. 307. ISBN 9780521518437. Jump up ^ Beneficial National Bank v. Anderson, 539 U.S. 1 ( 2003 ). Jump up ^ Cuomo v. Clearing House Association, L.L.C., 557 U.S. ___ ( Supreme Court of the United States 2009 ). External links Alexander Hamilton : for the bank ( February 23, 1791 ) James Madison Debates the Constitutionality of a National Bank Retrieved from `` https://en.wikipedia.org/w/index.php?title=National_bank&oldid=845316040 '' Categories : Banks Banking terms Monetary reform Hidden categories : All articles with dead external links Articles with dead external links from December 2016 Articles with dead external links from April 2017 Use dmy dates from February 2011 Articles needing additional references from February 2011 All articles needing additional references Articles containing Persian - language text Talk Contents About Wikipedia Español 日本 語 ไทย Edit links This page was last edited on 11 June 2018, at 00 : 09 ( UTC ). Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. 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Question: what does the na mean after a bank name
Answer: National Association