<P> In the modern United States , the term national bank has a precise meaning : a banking institution chartered and supervised by the Office of the Comptroller of the Currency ( `` OCC '' ) , an agency in the U.S. Treasury Department , pursuant to the National Bank Act . Inclusion in the bank 's name of the word National , the designation National Association , or its abbreviation N.A. is a required part of the distinguishing legal title of a national bank , as in `` Citibank , N.A. '' Many state banks , by contrast , are chartered by the applicable state government agencies ( usually the state 's department of banking ) . The Federal Deposit Insurance Corporation ( FDIC ) insures deposits at both national and state banks . </P>
<P> In the modern United States , the term national bank has a precise meaning : a banking institution chartered and supervised by the Office of the Comptroller of the Currency ( `` OCC '' ) , an agency in the U.S. Treasury Department , pursuant to the National Bank Act . Inclusion in the bank 's name of the word National , the designation National Association , or its abbreviation N.A. is a required part of the distinguishing legal title of a national bank , as in `` Citibank , N.A. '' Many state banks , by contrast , are chartered by the applicable state government agencies ( usually the state 's department of banking ) . The Federal Deposit Insurance Corporation ( FDIC ) insures deposits at both national and state banks . </P>
what does the na mean after a bank name
what does the na mean after a bank name
National Association
National Association