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 ?
The products will improve the current value proposition that the member banks can offer their customers, a spokesman for the company said.
The Federal Reserve Board announced on June 9, 2005, the issuance of a consent order of assessment of a civil money penalty against the First Bank and Trust Company, Lebanon, Virginia, a state member bank.
Intelligent, interactive and batch communications are all available to member banks through the mds equipment.
Regulation Y defines "acting in concert" to include knowing participation in a joint activity or parallel action toward a common goal of acquiring control of a state member bank, whether or not pursuant to an express agreement.
NOVA to Service 5,800 Merchants for 162 IBB Member Banks
PACB member banks profit from Re$ubmitIt through a unique revenue-sharing agreement with BSG Financial, so that financial institutions benefit from recovered checks, along with their business customers.
a global leader in financial transaction processing applications, today announced a marketing agreement to provide Visa EU's member banks with a next generation commercial credit card transaction processing system.
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.
Atlantic Central Bankers Bank (ACBB), whose shareholder base consists of more than 300 community banks throughout New York, New Jersey, Pennsylvania, Maryland and Delaware, today announced the launch of a new telecommunications and technology services unit, Banking Infrastructure & Technology Services (BITS), that for the first time will provide member banks with one-stop shopping for advanced Internet Protocol (IP) Telephony and converged voice, video, image and data communications services.
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.
The Federal Reserve Board on June 24, 2003, announced the issuance of a Consent Order of Assessment of a Civil Money Penalty against the Community First Bank & Trust, Celina, Ohio, a state member bank.
Both Cleveland Bank & Trust and First Virginia's member banks provide trust services.