Dual Banking System

The system of banking that exists in the United States in which state banks and national banks are chartered and supervised at different levels. Under the dual banking system, national banks are chartered and regulated under federal law and standards, and supervised by a federal agency. State banks are chartered and regulated under state laws and standards, which includes supervision by a state supervisor.

The dual banking system allows for the co-existance of two different regulatory structures for state and national banks. This translates into differences in how credit is regulated, the legal lending limits and variations of regulations from state to state.


Investment dictionary. . 2012.

Look at other dictionaries:

  • dual banking —  Regulatory system in the United States whereby some banks, called national banks, are chartered and regulated by federal agencies while others are regulated by state banking authorities.  ► The rules differ, which creates incentives for new… …   American business jargon

  • Banking in the United States — has occurred under a series of laws passed by the federal and state governments.HistoryEarly history 1700s and 1800sIn 1781, an act of United States Congress established the Bank of North America in Philadelphia. During the American Revolutionary …   Wikipedia

  • dual currency — UK US noun [C or U] ECONOMICS, MONEY ► a system in which two different currencies are used: »All stores will have prices of goods in dual currencies for some time after the country changes to the Euro. »Since the implementation of the dual… …   Financial and business terms

  • dual control — /ˌdju:əl kən trəυl/ noun a system where two people have to sign a cheque, or validate a transaction, or have keys to a safe, etc …   Dictionary of banking and finance

  • Banking in the People's Republic of China — This article is about the banking system of the People s Republic of China. For details on the financial system at large, see Chinese financial system. China s banking system has undergone significant changes in the last two decades: banks are… …   Wikipedia

  • Banking in China — China s banking system has undergone significant changes in the last two decades: banks are now functioning more like banks than before. Nevertheless, China s banking industry has remained in the government s hands even though banks have gained… …   Wikipedia

  • Islamic banking — Banking A series on Financial services …   Wikipedia

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • Chinese financial system — Beijing Financial Street, the economic centre of Beijing. China s financial system is highly regulated and has recently begun to expand rapidly as monetary policy becomes integral to its overall economic policy. As a result, banks are becoming… …   Wikipedia

  • New York State Banking Department — Past NY Banking Superintendents Superintendent Appointment Date Daniel B. St. John April 15, 1851 Marius Schoonmaker April 4, 1854 James M. Cook January 30, 1856 Henry H. Van Dyck April 16, 1861 Edward Hand (banking) August 9, 1865 Emerson W. K …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.