state bankn.
/ˌsteɪt ˈbaŋk/, U.S. /ˌsteɪt ˈbæŋk/ 1. A bank owned and run by the government of a country, esp. a central or national bank which issues currency, holds and manages exchange reserves, etc.
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1702 J. Humfrey Free State of People of Eng. Maintained 15 A State Bank, which makes a People as rich as they will.
1764 R. Wallace View Internal Policy Great Brit. i. iv. ii. 61 The Bank of Lending..who have a correspondence with the State Bank.
1847 Eclectic Rev. Aug. 141 Pretending to renew the bank charter, it [sc. Parliament] really established a state bank. It surreptitiously took the issue of paper money under its control.
1874 Morning Post 25 Nov. 4/3 The notes of a State Bank of England, with all the credit of the country at their back, would be taken as readily as coin.
1921 Imperial Bank of India p.viii The Royal Commission that sat in 1913 shelved the question of a State Bank.
1997 J. Williams Money ix. 246/1 Note for 5,000 dong of the State Bank of Vietnam, 1991, illustrating the generation of hydro-electric power.
2002 O. Figes Natasha's Dance (2003) ii. vii. 145 He envisaged a state bank to advance loans to individual peasants to buy small plots of the gentry's land as private property.
2. Originally U.S. A bank holding a charter conferred by the state in which it is located, and subject to the banking laws of that state. Also more generally: a bank originating or located in a (specified) state.In later use sometimes retained in the titles of privatized or corporate banks previously owned by or associated with a particular state.
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society > trade and finance > financial dealings > banking > [noun] > bank > other types of bank
merchant bank1620
land-bank1696
private bank1696
paper bankc1720
national bank1736
bank of circulation1767
bank of deposit1767
corporate bank1780
state bank1791
branch bank1796
reserve bank1816
investment bank1824
bank of issue1831
commercial bank1838
red dog1838
wild cat1838
central bank1841
national bank1864
investment house1878
issue house1878
clearing-bank1883
issuing house1890
member bank1914
custodian1915
merchant banker1924
Swiss bank1949
development bank1950
Transcash1982
telephone bank1985
bancassurer1991
1791 Deb. Congr. U.S. 5 Feb. (1834) II. 1987 By this bill, a few stockholders may institute banks in particular states... It will swallow up the state banks.
1821 Laws State N.-Carolina II. 1180 No note shall be issued by the State Bank of North-Carolina for a less sum than one dollar.
1888 H. McCulloch Men & Measures of Half Cent. xii. 124 The State Bank of Indiana was a monopoly. During its existence no other bank could be chartered, no other banking system could be authorized.
a1901 J. Fiske Ess. Hist. & Lit. (1902) I. vii. 305 Taney at once ordered that after the 1st of October the public revenues should no longer be deposited with the national bank, but with sundry state banks.
1987 Triple A (Melbourne) June 52/3 The state banks have turned up as real alternatives for the Australian corporates.
2005 Wall St. Jrnl. 7 Jan. (Central ed.) a9/2 The government engineered the bad-debt carve-outs from the state banks.
This is a new entry (OED Third Edition, December 2012; most recently modified version published online March 2022).
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