member bank

member bank
n.
A bank that is affiliated with the Federal Reserve System.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


member bank
USA
A US depository institution that is a member of the Federal Reserve System. National banks are required to be member banks while qualifying state-chartered banks may elect to become members (referred to as state member banks). State member banks are subject to the primary federal regulatory oversight of the Federal Reserve Board (FRB).
Member banks are required to, among other things:
• Purchase stock in the Federal Reserve System under the FRB's Regulation I (12 C.F.R. pt. 209).
• Follow the general safety and soundness guidelines provided under the FRB's Regulation H (12 C.F.R. pt. 208)

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • member bank — A bank that belongs to a central banking or clearing system. In the UK a member bank is a commercial bank that is a member of the Association for Payment Clearing Services In the USA it is a commercial bank that is a member of the Federal Reserve …   Big dictionary of business and management

  • member bank — noun a bank that is a member of the Federal Reserve System • Hypernyms: ↑depository financial institution, ↑bank, ↑banking concern, ↑banking company • Member Holonyms: ↑Federal Reserve System, ↑Federal Reserve, ↑ …   Useful english dictionary

  • member bank — A national or state chartered bank that is a member of the Federal Reserve System. Bloomberg Financial Dictionary …   Financial and business terms

  • member bank — A bank which has become affiliated with (i.e. purchased stock in) one of the Federal Reserve banks. Member of Federal Reserve System (which includes all nationally chartered banks and any statechartered banks that have been accepted for… …   Black's law dictionary

  • member bank — A bank which has become affiliated with (i.e. purchased stock in) one of the Federal Reserve banks. Member of Federal Reserve System (which includes all nationally chartered banks and any statechartered banks that have been accepted for… …   Black's law dictionary

  • member bank — / membə bæŋk/ noun a bank which is part of the Federal Reserve system …   Dictionary of banking and finance

  • uninsured State member bank — (54A) The term uninsured State member bank means a State member bank (as defined in section 3 of the Federal Deposit Insurance Act) the deposits of which are not insured by the Federal Deposit Insurance Corporation. United Glossary of Bankruptcy… …   Glossary of Bankruptcy

  • Bank of Beirut S.A.L. — Infobox Company company name = Bank of Beirut S.A.L. company location = flagicon|Lebanon Beirut, Lebanon key people = Salim G. Sfeir mdash; Chairman; Salim G. Sfeir mdash; Vice Chairman; .Fawaz H. Naboulsi mdash; Deputy General Manager; .… …   Wikipedia

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

  • bank — 1. A bank is an institution, usually incorporated, whose business it is to receive money on deposit, cash checks or drafts, discount commercial paper, make loans, and issue promissory notes payable to bearer, known as bank notes. U.C.C. No. 1… …   Black's law dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”