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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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