In the United States, a national bank is an ordinary private bank operating within the federal government's regulatory structure, which usually but not always operates in multiple U.S. states, and is under the supervision of the Office of the Comptroller of the Currency. Depending on the matter, it also may have to comply with some U.S. state regulations. It is legally required to be a member of the Federal Reserve System. A national bank in the U.S. is distinguished from a state bank, whose permit or charter is granted by one of the U.S. states, and can only do business in that state.
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👉 National bank (United States) in the context of Third Party System
The Third Party System was a period in the history of political parties in the United States from the 1850s until the 1890s, which featured profound developments in issues of American nationalism, modernization, and race. This period was marked by the American Civil War (1861–1865), the Emancipation Proclamation and the end of slavery in the United States, followed by the Reconstruction era and the Gilded Age.
It was dominated by the new Republican Party, which claimed success in saving the Union, abolishing slavery and enfranchising the freedmen, while adopting many Whig-style modernization programs such as national banks, railroads, high tariffs, homesteads, social spending (such as on greater Civil War veteran pension funding), and aid to land grant colleges. While most elections from 1876 through 1892 were extremely close, the opposition Democrats won only the 1884 and 1892 presidential elections (the Democrats also won the popular vote in the 1876 and 1888 presidential elections, but lost the electoral college vote), though from 1875 to 1895 the party usually controlled the United States House of Representatives and controlled the United States Senate from 1879 to 1881 and 1893 to 1895. Indeed, scholarly work and electoral evidence emphasizes that after the 1876 election the South's former slave centers, which before the emancipation of Republican-voting African Americans was electorally dominated by wealthy slave owners who made up the southern base of Whigs, Know Nothings and Constitutional Unionists, began realigning into the Democratic Party due to the end of the now unpopular Reconstruction efforts; this new electoral base for the Democrats would finish realigning around 1904.
In this Dossier
- ⭐ Core Definition: National bank (United States)
- 👉 National bank (United States) in the context of Third Party System
- National bank (United States) in the context of Wells Fargo
- National bank (United States) in the context of Chase Bank
- National bank (United States) in the context of Comptroller of the Currency
- National bank (United States) in the context of Citibank
National bank (United States) in the context of Wells Fargo
Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.
The company's primary subsidiary is Wells Fargo Bank, N.A., a national bank that designates its Sioux Falls, South Dakota, site as its main office (and therefore is treated by most U.S. federal courts as a citizen of South Dakota). It is the fourth-largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. It has 8,050 branches and 13,000 automated teller machines and 2,000 stand-alone mortgage branches. It is the second-largest retail mortgage originator in the United States, originating one out of every four home loans, and services $1.8 trillion in home mortgages, one of the largest servicing portfolios in the U.S. It is one of the most valuable bank brands. Wells Fargo is ranked 47th on the Fortune 500 list of the largest companies in the U.S.
National bank (United States) in the context of Chase Bank
JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the American multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Chemical Bank New York in 1996 and later merged with Bank One Corporation in 2004 and in 2008 acquired the deposits and most assets of Washington Mutual. In May 2023, it acquired the assets of First Republic Bank.
Chase offers more than 5,000 branches and 15,000 ATMs nationwide and has 18.5 million checking accounts and 25 million debit card users as of 2023. JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had assets of $3.31 trillion in 2022 which makes it the largest bank in the United States as well as the bank with the most branches in the United States and the only bank with a presence in all of the contiguous United States. JPMorgan Chase, through its Chase subsidiary, is one of the Big Four banks of the United States.
National bank (United States) in the context of Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) is an independent bureau within the United States Department of the Treasury that was established by the National Currency Act of 1863 and serves to charter, regulate, and supervise all national banks and federal thrift institutions and the federally licensed branches and agencies of foreign banks in the United States.
The head of the agency, the Comptroller of the Currency, is Jonathan V. Gould, who took office on July 15, 2025.
National bank (United States) in the context of Citibank
Citibank, N.A. ("N. A." stands for "National Association"; stylized as citibank) is the primary U.S. banking subsidiary of Citigroup, a financial services multinational corporation. Citibank was founded in 1812 as City Bank of New York, and later became First National City Bank of New York. The bank has branches in 19 countries. The U.S. branches are concentrated in six metropolitan areas: New York City, Chicago, Los Angeles, San Francisco, Washington, D.C., and Miami.
As of 2023, Citibank is the third-largest bank in the United States in terms of assets.