Member bank

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Related to Member Banks: Federal Advisory Council

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.
B Chandrasekhar, CEO of Arab Financial Services said, "We are delighted to launch these new products for our member banks and this further strengthens our position as the leader in the payment industry in MENA.
ADIF's member banks serve 5,306,497 depositors, some 93 per cent (4,899,375 people) of which are the insured depositors.
The membership association form of organization for this operating entity enabled the member banks to fund jointly the systems and other common infrastructure required for the credit card business to succeed, while permitting the member banks to compete with each other for cardholders and merchants.
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.
It sold policies exclusively through the commonwealth's savings banks until 1992, when a new law allowed the system of 56 life insurance departments of member banks to restructure into a closely held life insurance stock company with the current name.
More specifically, the association is contemplating arranging for member banks to set up a joint company in charge of fully reimbursing deposits by local governments if a member bank fails.
83-68 no longer represented the IRS's position on member banks receiving stock dividends from an FHLB.
Our holding company consists of 65 member banks throughout Texas, plus offices in Denver, New Orleans, New York and eight foreign countries.
In this way, JBA plans to offer this Fujitsu cloud service as one testbed environment to its member banks and other institutions starting from October 2017.