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National Bank ActNavigation: Home > Banking Law> National Bank Act
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The National Bank Act, passed in the 1860s, extended the issuance of banking charters to federal law as well as state law, and also established limitations on national banks, such as a limit on the ability to own real estate, minimum limits on capital requirements, and limits on loan amounts to a single borrower. The National Bank Act established a uniform system of currency and created the position of Comptroller of the Currency as the regulatory agent of federally-chartered banks. |
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