national banking association

national banking association
A national bank. As the term is used in the Judicial Code providing that for the purposes of suits against them, they are to be deemed citizens of the states in which they are respectively located, it does not include the Federal Reserve banks but is used to describe the ordinary commercial banks. American Bank & Trust Co. v Federal Reserve Bank, 256 US 350, 357, 65 L Ed 983, 989, 41 S Ct 499.

Ballentine's law dictionary. . 1998.

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