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member bank

 

Definitions from WordNet

Noun member bank has 1 sense
  1. member bank - a bank that is a member of the Federal Reserve System
    --1 is a kind of
    depository financial institution, bank, banking concern, banking company
    --1 is a member of Federal Reserve System, Federal Reserve, Fed, FRS

Definitions from the Web

Member Bank

Noun

A member bank is a financial institution that holds membership with a central bank or a banking association. It enjoys certain privileges and responsibilities as a result of being a member.

Sample sentence:

The Federal Reserve requires member banks to hold a certain percentage of their deposits as reserves.

Adjective

Referring to something that is associated with or pertaining to a member bank.

Sample sentence:

The member bank discount rates affect the entire banking industry.

Verb

The act of becoming a member of a bank or joining an established banking association.

Sample sentence:

To become a member bank, the institution must meet certain regulatory criteria.

Related products on Amazon:

Central Banking Essentials

Banking Association Membership Guide

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