Member bank

Member bank

A national- or state-chartered bank that is a member of the Federal Reserve System.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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