National Banking Act
/ˈnæʃənəl ˈbæŋkɪŋ ækt/
Definitions
- (n.) A United States federal law enacted in 1863 to establish a system of national banks and create a uniform national currency.
The National Banking Act facilitated the growth of a stable and unified banking system in the U.S.
Forms
- national banking act
- national banking acts
Related terms
See also
Commentary
Often cited in discussions of U.S. banking history and federal financial regulation; seminal for creating a dual banking system.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.