National Banks

National banks are financial institutions chartered by the federal government in the United States. They provide services like accepting deposits, offering loans, and facilitating payment systems. These banks must follow strict regulations and are insured by the Federal Deposit Insurance Corporation (FDIC), protecting customers' deposits. National banks are required to hold a certain amount of capital and meet federal guidelines, ensuring stability and consumer protection in the banking system. They play a crucial role in the economy by supporting businesses and individuals through various financial services.