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A chartered bank basically refers to any financial institution vested with the power to accept and protect monetary deposits from person and other organizations, and also permitted to lend these money out as loan.

A bank charter is an official document permitting a banking company to commence business as a bank. It authorizes banking operations.The charter specifies the rights of a banking institution. In the U.S., a bank charter is issued by the appropriate federal or state government.

The Office of the Comptroller of the Currency (OCC) oversees a system of national banks and federal savings associations involved in Commercial Real Estate and Construction Lending, assuring that these institutions are safe, sound, competitive, and capable of providing for the banking needs of customers as best as

The Office of the Comptroller of the Currency charters, regulates, and supervises all national banks. It also supervises the federal branches and agencies of foreign banks.

The OCC promotes bank compliance with federal consumer protection laws, fair lending statutes and regulations, and the Community Reinvestment Act through supervisory and outreach programs.Compliance Management Systems. Depository Services. Electronic Fund Transfer Act.

The OCC announced this week that it has conditionally approved applications from Social Finance Inc.

The OCC is the primary regulator of banks chartered under the National Bank Act and federal savings associations chartered under the Home Owners' Loan Act. The OCC issues rules and regulations that govern the banks it supervises.

About Us. The OCC charters, regulates, and supervises all national banks and federal savings associations as well as federal branches and agencies of foreign banks.

The proposed bank must first receive approval for a federal or state charter. The Office of the Comptroller of the Currency (OCC) has exclusive authority to issue a federal or "national bank" charter, while any state (and the District of Columbia, Guam, Puerto Rico, and the Virgin Islands) may issue a state charter.

Noun. 1. bank charter - a charter authorizing the operation of a bank. charter - a document incorporating an institution and specifying its rights; includes the articles of incorporation and the certificate of incorporation.