Federal Charter

Federal Charter

A document placing a bank under federal regulation. A federal charter is required in order to operate in more than one state.
References in periodicals archive ?
In December last year, the House of Representatives approved on third and final reading its draft federal Charter but the same proposal fails to get the approval of the Senate.
Senator Todd Young (R-Ind.) announced that the President has signed the National FFA Organization's Federal Charter Amendments Act into law.
439, the National FFA Organization's Federal Charter Amendments Act, reforms how FFA's board is selected to better reflect the broad array of stakeholders invested in the organization.
Moreover, the FFW said there is a need to end the 'abhorable practice' by putting flesh and blood to the 1987 constitutional provision banning political dynasties, citing the political reform proposed by the Con-com in the federal charter it submitted to the Congress.
Ateneo presidents slam railroading of draft charter !-- -- Robertzon Ramirez, Janvic Mateo (The Philippine Star) - December 19, 2018 - 12:00am MANILA, Philippines In a rare move, the presidents of five Ateneo universities nationwide have jointly criticized the railroading of the draft federal charter recently approved by the House of Representatives.
The draft federal charter that the House of Representatives approved on final reading should be rejected due to some "self serving" provisions, according to a Catholic prelate.
Another Arkansas bank is working to convert its federal charter to a state charter, joining the ranks of peers including Simmons Bank of Pine Bluff.
The NCUA has granted a federal charter and Share Insurance Fund coverage to the Civic Federal Credit Union in Raleigh, N.C.
It wasn't until 1996 that the then 97-year old bank sought a federal charter because it was acquiring the eight branches of Green Mountain Bank in Vermont.
LAHORE -- Evacuee Trust Property Board (ETPB) has decided to establish Guru Nanak Dev International University and Gandhara Heritage International University under the federal charter.
The American Bankers Insurance Association said it supported FIO's call for uniformity, its consideration of an optional, federal charter, and for its endorsement of the NARAB II legislation.

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