The National Banking Act authorized the:

Name: The National Banking Act authorized the:
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The National Banking Act, passed during the Civil War, included provisions for all of these aspects: it established federally licensed banks, created the Office of the Comptroller of the Currency to oversee those banks, allowed for the taxation of bank notes issued by state-chartered banks, and led to the creation of a dual banking system where banks could be chartered either by the federal government or by states.

The National Banking Act Authorized The