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 negative outlook captures the negative credit pressures on the supporting member banks' creditworthiness.
The products will improve the current value proposition that the member banks can offer their customers, a spokesman for the company said.
A: The great strength of the card associations was the agreement of fierce bank competitors to cooperate to build an infrastructure platform that any member bank could use to compete with other members in card issuance and merchant signing.
Christine McCoy, president - Pennsylvania Operations, Delmarva Data Center, stated, "With new image-enabled electronic solutions that change the way traditional checks and cash letters are processed, we are uniquely positioned to help our community member banks mitigate the impact and extract all the benefits of these new technologies.
* The degree of risk posed to the system by the assets held by any member bank can be observed or inferred by all others.
(5.) Between August 1929 and September 1930; member bank borrowing fell from $259M to $16M at central reserve city banks, from $461 M to $28M at reserve city banks, and from $320M to $144M at country banks.
This merger marks the completion of the consolidation of VB-Verbund's member banks initiated in 2013 that has reduced the number of member banks to nine.
The first resource is ABA Connect, which gives members quick access to the ABA website, www.aba.com, directly from the member bank's intranet site.
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. Irwin Union Bank, without admitting to any allegations, consented to the issuance of the order in connection with its alleged violations of the Board's regulations implementing the National Flood Insurance Act.
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.
(NASDAQ: TBNK), the Honolulu, Hawaii-based holding company parent of Territorial Savings Bank, has announced that the bank has become a member bank of the Federal Reserve Bank of San Francisco.
Jones, Harper Guinn, and Jeff Guinn, Current and Former Institution Affiliated Parties First Western Bank, Cooper City, Florida (State Member Bank)