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federally chartered banks

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federally chartered banks

Financial institutions authorized and regulated by the federal government rather than the state government.They have the word “national”in their name, or the initials “N.A.” at the end. Supervision is by the Office of the Comptroller of the Currency (OCC) at www.occ.treas.gov.



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Who regulates state chartered and federally chartered banks and/or financial institutions?
Melissa Bean (D-Illinois) is proposing an amendment to exempt federally chartered banks and credit unions from additional state regulations.
Now, we could not do anything with federally chartered banks or subsidiaries," Miller says.
 
 
 
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