Final answer:
A bank with the name 'Chicago National Bank' is chartered by the Office of the Comptroller of the Currency. The Federal Reserve's Board of Governors oversees the regional banks and helps implement monetary policy in the United States. Option 4.
Step-by-step explanation:
If a bank is named "Chicago National Bank," it is chartered by the Office of the Comptroller of the Currency (OCC), which is option 4 on your list. The OCC is an independent bureau within the U.S. Department of the Treasury and is tasked with chartering, regulating, and supervising all national banks. The distinction between a national bank and a state bank lies in their chartering authority and the scope of their regulation. National banks are chartered by the OCC and are members of the Federal Reserve System by default, while state banks are chartered by the state government where they operate and may, but are not required to, become members of the Federal Reserve.
The main role of the Board of Governors for the Federal Reserve System
The Board of Governors is a key component of the Federal Reserve System, which is the central bank of the United States - often simply referred to as "the Fed." This board consists of seven members appointed by the President and confirmed by the Senate, who are responsible for overseeing the Federal Reserve Banks and helping to implement monetary policy. The Fed's decisions are designed to be insulated from political pressure, focusing instead on the economic well-being of the country.