Member bank

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Member bank

A national- or state-chartered bank that is a member of the Federal Reserve System.

Member Bank

In the United States, a federally- or state-chartered bank that has joined the Federal Reserve System. Such banks must buy stock in the Federal Reserve. In general, member banks are subject to more regulations than nonmember banks. However, they have access to more of the Federal Reserve's services.
References in periodicals archive ?
At a CEOs' Advisory Council meeting held in Dubai, the federation has approved the appointment of a new independent monitoring agency for the implementation of its "Code of Conduct" by member banks.
By using the AFS SMS gateway, the member banks can offer attractive payment plans to their cardholders and the entire transaction can be completed on the mobile by using a one-time password.
The Federation thanks those member banks which have assisted debt-burdened nationals and is seeking all the other banks to make a similar contribution.
Under the agreement, Deluxe will work with the KBA to provide products and services that enable member banks to engage more deeply with their customers and obtain a competitive edge.
The Federal Reserve Board announced on June 9, 2005, the issuance of a consent order of assessment of a civil money penalty against the Bank of Pontiac, Pontiac, Illinois, a state member bank.
Securify is enthusiastic about supporting Visa and their member banks in our role as smart Visa Access manager and through our reference test lab services," said Charles Walton, VP of PKI Services at Securify.
NOVA will provide processing services, customer service and support operations to more than 5,800 merchants of IBB's member bank network.
Our member banks asked for the higher limit to meet institutional and local government customer demand -- and we are delighted that the Network is now able to deliver," said Mark P.
The thirty-day prior-notice requirement for appointing any new directors or senior executive officers of state member banks and bank holding companies is also discussed.
It is one of twelve FHLBanks, all private cooperatively owned banks that provide wholesale housing finance, community lending and correspondent banking services to member banks, savings institutions, credit unions and insurance companies.
When choosing preferred vendors, PACB looks for products, services and vendors that can assist our member banks with quality programs," said Richard Arnold, SVP and COO for PACB.
The board of directors and senior management of BHCs and state member banks are advised to consider the Federal Reserve's primary credit program as part of their contingency funding plans and to provide for adequate diversified potential funding sources to satisfy liquidity needs, which includes planning for certain significant liquidity events.