national bank

noun
1.
a bank chartered by the U.S. government and formerly authorized to issue notes that served as money.
2.
a bank owned and administered by the government, as in some European countries.

Origin:
1780–90, Americanism

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World English Dictionary
national bank
 
n
1.  Compare state bank (in the US) a commercial bank incorporated under a Federal charter and legally required to be a member of the Federal Reserve System
2.  a bank owned and operated by a government

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
Each currency would be pegged by the national bank to its own exchange rate.
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