Wednesday
November 26, 2014

Homework Help: Bank Operations Question

Posted by Matt on Friday, August 12, 2005 at 5:21pm.

Say you want to start a "National Bank". Thus you will need a piece of paper that is like a license to start a bank. What is that paper called? And what is the name of the government agency that you would get that paper from?


If you are in a beginning course, the operative word is "charter". If you are more advanced, the letter you seek is the final approval letter.


Say you want to start a "National Bank". Thus you will need a piece of paper that is like a license to start a bank. What is that paper called? And what is the name of the government agency that you would get that paper from?

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