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| na·tion·al bank (plural na·tion·al banks) |
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1. U.S. private bank under federal charter: a bank in a system of privately owned commercial banks in the United States, operating under federal charter and legally required to be a member of the Federal Reserve System
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2. bank acting for government: a bank that acts as banker to a government and performs duties relating to national finances, especially the country's fiscal and monetary policy
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