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What does the "NA" mean? National Association. It refers to which government agency granted it its charter the right to be a bank. Some banks are state chartered, and thus regulated by the state's banking regulations, which can often what does n.
a. stand for bank more lax than the national regulations. State chartered banks can have a harder time crossing into other states, unless those two states have an agreement to allow it, whereas nationally chartered banks can move into different states though some restriction do apply.
Regardless of its charter the Federal Deposit Insurance Corp is an entity that insures the deposits of both state and national banks, whereas CUNA does it for credit unions. These are federally chartered financial institutions that are regulated by the Office of the Comptroller of the Currency, based in Washington DC.
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Aug 22, · It refers to which government agency granted it its charter (the right to be a bank). Some banks are state chartered, and thus regulated by the state's . The inclusion of the word "National" in the bank's name or the designation "National Association" or its abbreviation "N.A." is a required part of the distinguishing legal .
Question Asked by Eolena. Your Email Address:. Index Newest Popular Best. Sign Up: Free! Log In. Newest Questions Post a Question Search All Questions Please cite all facts with citation links or references from authoritative sources. Editors continuously recheck submissions and claims. Archived Questions Goto Qn. What does the "N. Brainyblonde Answer has 4 votes.
Brainyblonde 20 year member replies Answer has 4 votes. Vote for this answer. Brainyblonde Answer has 14 votes. Brainyblonde 20 year member replies Answer has 14 votes. Currently voted the best answer. In the modern U. Treasury Department, pursuant to the National Bank Act. The inclusion of the word "National" in the bank's name or the designation "National Association" or its abbreviation "N. Not applicable. Get a new mixed Fun Trivia quiz each day in your email. It's a fun way to start your day!
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