What is the meaning of member bank?

Depository institution that is a member of the Federal Reserve System. All federally chartered banks are automatically members of the System. State-chartered banks are divided into those that are members of the System (state' member bank's) and those that are not (nonmember banks).

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APABarry Goldsmith. (2010). member bank. Retrieved September 26, 2026, from http://smartdefine.org/member_bank/definitions/1158094
ChicagoBarry Goldsmith. 2010. "member bank" http://smartdefine.org/member_bank/definitions/1158094 (accessed September 26, 2026).
HarvardBarry Goldsmith 2010, member bank, Smart Define, viewed 26 September, 2026, <http://smartdefine.org/member_bank/definitions/1158094>.
MLABarry Goldsmith. "member bank" 21 October 2010. Web. 26 September 2026. <http://smartdefine.org/member_bank/definitions/1158094>
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