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Dual Banking

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Dual banking
Describes United States custom in which a bank is chartered by the state or federal government.

Dual Banking
In the United States, the regulatory situation in which a bank may receive a charter from either the Federal Reserve or the state in which it operates. This is a function of federalism in the United States, and is different from banking regulation in many other countries. See also: Member bank, Non-member bank.


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The republic has undertaken a pilot project to implement Islamic bank as part of the republics adoption of a dual banking system comprising Islamic and conventional.
Since 1863, the United States has had a dual banking system in which banks are chartered and regulated either by the federal government or by states.
81) This Part will demonstrate that Congress has taken a very different position on the dual banking system in general and on state consumer protection laws in particular.
 
 
 
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