Examples of National Bank in the following topics:
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- Against opposition, the First National Bank was established to improve the nation's credit under the newly enacted Constitution.
- Hamilton's proposed national bank would function purely as a depository for federal funds, rather than a lending bank.
- After reading Hamilton's defense of the National Bank Act, Washington signed the bill into law.
- The First Bank building is now a National Historic Landmark located in Philadelphia, Pennsylvania within Independence National Historical Park.
- Analyze the debate surrounding the charter of the First National Bank
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- A national bank receives a charter from the federal government, while a state bank receives a charter from a state government.
- Treasury Department, regulates national banks.
- As of 2010, the United States had roughly 1,500 national banks and 50 foreign national banks.
- This law put national and state banks on equal footing and helped foster competition.
- Banks contribute to a nation's money supply.
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- A nation's money supply is determined by the monetary policy actions of its central bank.
- A nation's money supply is determined by the monetary policy actions of its central bank.
- Commercial bank behavior, ultimately regulated by the nation's central banking institution, and in conjunction with consumer demand define the total stock of money, bank credit, and rates of interest which shape national economic conditions.
- A nation's central bank is also responsible for supplying commercial banks with enough currency to meet consumer demand.
- Under fractional reserve banking, a nation's central bank is responsible for holding a certain fraction of all deposits as cash or on account with the central bank.
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- Appraise the difference between a state bank and a national bank.
- Identify the two methods the FDIC uses to handle a bank failure.
- Identify methods a bank holding company uses to circumvent government regulations.
- How does a nonbank bank and automated teller machines circumvent bank regulations?
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- One of the policies of the American System was to create financial infrastructure in the form of a government sponsored National Bank to issue currency and encourage commerce.
- The debt of the nation led to an increase in banknotes among private banks, and as a result, inflation increased greatly.
- In the summer of 1818, the national bank managers realized the bank's massive overextension and instituted a policy of contraction and the calling in of loans.
- The Whigs and anti-Jackson National Republicans hoped they would gain enough seats in Congress during the election of 1836 to override a second Jackson veto, thereby extending the Bank's charter.
- The south facade of the building that housed the Second Bank of the United States is located at 4th and Chestnut Streets in Independence National Historical Park, Philadelphia, Pennsylvania.
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- As America's leaders sought to define the economic structure of the United States, partisan politics came heavily into play in the debate over the merits of a national bank.
- Anti-federalists viewed the bank's tight control over the nation's currency as a monopoly, and argued that the powers and privileges possessed by the Second Bank were unconstitutional.
- The bank refused to pay the tax, and in 1819, Daniel Webster, the bank's attorney as well as director of its Boston branch, brought the case before the Supreme Court.
- These federalists sought internal improvements and stronger national infrastructure.
- Jackson's war on the bank set the stage for the emergence of modern populism.
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- Bank deposits are liquid.
- The Comptroller of the Currency, FDIC, and the Fed regulate the national banks.
- The FDIC liquidates a bank's assets and refunds the deposits to the depositors, or the FDIC finds another bank to merge with the failed bank.
- A contagion is one bank run leads to other bank runs, even for financially healthy banks.
- First, a bank acquires stock in another bank, allowing it to cross a state line.
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- In the presidential campaign of 1832, the Bank of the United States was the issue dividing Jacksonian Democrats from National Republicans.
- Anti-BUS Jacksonian Democrats opposed the national bank's reauthorization on the grounds that the institution conferred economic privileges on financial elites, violating republican principles of social equality.
- With the Bank charter due to expire in 1836, the president of the Bank, Nicholas Biddle, in alliance with the National Republicans under Senators Henry Clay (KY) and Daniel Webster (MA), decided to make rechartering a referendum on the legitimacy of the institution in the general election of 1832.
- Pro-Bank interests warned the public that Jackson would abolish the Bank altogether if granted a second term.
- In the presidential campaign of 1832, the BUS served as the central issue in mobilizing the opposing Jacksonian Democrats and National Republicans.
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- Banks in the United States use four methods to become an international bank, which are:
- Method 1: The U.S. bank opens a bank branch in a foreign country.
- Bank branches help the bank transfer money across nations' borders.
- The U.S. bank buys and becomes a majority shareholder of a foreign bank.
- Method 4: The U.S. bank creates an international banking facility (IBF).
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- Then the banks borrow cheaply from the Fed, boosting the reserves in the banking system.
- Thus, banks have fewer reserves, causing reserves in the banking system to fall.
- Thus, the Fed grants a long-term loan to this bank, preventing a bank failure.
- Thus, the U.S. government nationalized the bank because the bank became too big to fail while the Fed provided $3.5 billion in loans to the FDIC.
- If a bank needs a loan from the Fed, and the bank did not do what the Fed wanted, then the Fed could refuse to loan to the bank.