Bank of America

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Title: Bank of America
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Subject: Business
Date: May 21, 2006
Length: 25 / 7252
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State banks are organized under a charter granted by the state government, while national banks are organized under charters issued by the Comptroller of the Currency of the United States. The regulation of banks on the state level is delegated to a banking authority in each state...
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These bodies exercise primary and additional regulatory powers. There are four primary bank regulatory powers: new bank charter approval, new branch or separate facility application approval, cease and desist orders, and officer removal orders. There are also four additional state bank regulatory powers: power to fine, power to order affiliate examinations, power to order special examinations, and power to issue regulations...
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