member bank

Thân thiện

A member bank processes a customer's deposit at the counter.

Definition

Noun: A bank that is a member of the Federal Reserve System, the central banking system of the United States. Member banks hold stock in their regional Federal Reserve Bank and are subject to its regulations and oversight.

Usage

The term "member bank" is used specifically within the context of the U.S. banking and financial system to classify an institution based on its relationship with the Federal Reserve.

Examples

• National banks are required to be member banks.
• The member bank submitted its reserve report to the Federal Reserve.
• State-chartered banks can choose whether to become a member bank.

Advanced Usage

• The term is often used in regulatory, financial, and economic discussions concerning monetary policy, banking compliance, and system stability.
• It can be part of compound nouns in specialized texts, such as "member bank reserves" or "member bank services."

Variants and Related Words

• Nonmember Bank (n): A bank that is not a member of the Federal Reserve System.
• Federal Reserve Member: A synonymous phrase for "member bank."

Synonyms

• Federal Reserve member bank
• Fed member bank

Antonyms

• Nonmember bank
• Non-Fed bank

Học thuật

Noun

1. a bank that is a member of the Federal Reserve System