member bank

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Noun1.member bank - a bank that is a member of the Federal Reserve Systemmember bank - a bank that is a member of the Federal Reserve System
Federal Reserve, Federal Reserve System, FRS, Fed - the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"
banking company, banking concern, depository financial institution, bank - a financial institution that accepts deposits and channels the money into lending activities; "he cashed a check at the bank"; "that bank holds the mortgage on my home"
References in periodicals archive ?
The Federal Reserve Board on June 24, 2003, announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against the Centennial Bank of the West, Fort Collins, Colorado, a state member bank.
1) A state member bank is authorized to invest in the asset underlying the contract;
The Federal Reserve Board on March 5, 2003, announced the issuance of a consent Order against Dale and Betty Skrobot, both former institution-affiliated parties of the First Western Bank, Cooper City, Florida, a state member bank.
The Federal Reserve Board on January 23, 2003, announced the issuance of an order of assessment of a civil money penalty against The Bank of Yellville, Yellville, Arkansas, a state member bank.
Except as otherwise provided in this section, a member bank whose securities are subject to registration pursuant to section 12(b) or section 12(g) of the Securities Exchange Act of 1934 (the 1934 Act) (15 U.
The sections on the overall conclusions regarding the condition of the bank and on other types of examinations have been revised to include the Federal Reserve's notification requirements, whereby a state member bank is to notify the Federal Reserve System regarding changes in the general character of a bank's business or the scope of its corporate powers.
The Manual comprises the Federal Reserve System's state member bank supervisory and examination guidance.
The first product is the new 'Instant Issuance' Service where the member bank can issue on-the-spot EMV payment cards to their customers at their branches.