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 Federal Reserve Board on March 13, 2003, announced the issuance of a consent Order of Assessment of a Civil Money Penalty against First Bank, Creve Coeur, Missouri, 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 Simmons First Bank of Russellville, Russellville, Arkansas, a state member bank.
36--Reporting requirements for State member banks subject to the Securities Exchange Act of 1934.
5) that may be permissible for state member banks and other foreign banking or other bank-related organizations.
E[acute accent]easyLENDER provides benefits to ACB member banks
The Board approved the final rule for financial subsidiaries of state member banks on August 13, 2001.
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.
MANAMA: Arab Financial Services (AFS), a regional payment processor, has launched three new products that will be offered to all member banks.
This is a centralized place on the ABA website where a member bank can go to get an overview of all of the varied compliance resources that ABA offers.
Banque Centrale Populaire was formally introduced as a member bank at the Mediterranean Bank Network Business Meeting held recently in Paris at MBN member bank BPCE.
These membership associations were operating companies in themselves, providing system operating rules, product development, marketing services, and an electronic global payments communications and processing network that enabled any card issued by any member bank to be used at any merchant around the world signed up by a member bank.
The Federal Reserve Board announced on April 21, 2005, the issuance of a consent order of assessment of a civil money penalty against the Irwin Union Bank, Columbus, Indiana, a state member bank.