What Are the Major National Banks of the United States?


Quick Answer

Chase, Bank of America, U.S. Bank, Wells Fargo and Citizens Bank are among the major national banks of the United States, a list that includes 367 banks, as of June 2015. The Office of the Comptroller of the Currency of the U.S. Treasury is responsible for chartering national banks.

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Full Answer

Other major national banks with more than 1,000 branch locations in the United States include Citibank, KeyBank and Capital One. National banks are members of the Federal Reserve and the Federal Deposit Insurance Corporation.

Commercial banks seeking national bank status apply to the Office of the Comptroller of the Currency. When considering applications for national bank status, the OCC considers the institution's business plan, to which it will be held accountable if chartered, the competence and background of the bank's board of directors and senior management and its capital resources, which must be sufficient to withstand economic fluctuations. The national banking acts of 1863 and 1864 established the federal government's role and regulatory authority over national banks, as well as the establishment of higher capital and reserve requirements than those of state chartered banks.

Internationally, the terms national bank or central bank refer to a bank controlled by a country's national government, which is responsible for establishing the country's monetary policies.

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