Dual Banking
Dual Banking is a banking system in the United States where the national government can charter and supervise banks at a federal level, or at state level. State Banks are chartered and supervised by the relevant state banking departments, while the National Banks are chartered and regulated by the Office of the Comptroller of the Currency. The purpose of the Dual Banking system is to allow banks a bit more freedom to adhere to regulations, as many banks vary in terms of their business operations and services offered.
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