nounU.S.a bank which is not a member of the Federal Reserve System
Related information about nonmember bank:
- Nonmember Bank - Financial Dictionary - The Free Dictionary
Depository institution that is not a member of the Federal Reserve System. Specifically, a state-chartered commercial bank that has elected not to join the System ...
- Nonmember Bank: Definition from Answers.com
Nonmember Bank Commercial bank, savings bank, or savings and loan association that is not a member of the Federal Reserve System.
- The Federal Reserve Bank of San Francisco: Economic Research ...
Alternatively, if you choose to hold an account with a nonmember bank, you'll typically be choosing a smaller institution with fewer branch locations. How Do You ...
- 12 U.S.C. 1813(a) - FDIC Law, Regulations, Related Acts - Federal ...
Sep 15, 2012 ... (2) STATE NONMEMBER BANK.--The term "State nonmember bank" means any State bank which is not a member of the Federal Reserve ...
- Nonmember bank - Merriam-Webster Online
a bank that is not a member of the Federal Reserve system. 2. : a bank that is not a member of a clearinghouse association. This word doesn't usually appear in ...
- 12 USC § 374 - Acting as agent for nonmember bank in getting ...
No member bank shall act as the medium or agent of a nonmember bank in applying for or receiving discounts from a Federal reserve bank under the provisions ...
- Insured Nonmember Bank Law & Legal Definition
According to 12 CFR 326.1 [Title 12 -- Banks and Banking; Chapter III -- Federal Deposit Insurance Corporation; Subchapter B -- Regulations and Statements of ...
- Federal Resewe Membership and the Role of Nonmember Bank ...
Role of Nonmember Bank. Resewe Requirements BY Carl M. Garnbs. Recent withdrawals of a large number of banks from the Federal Reserve System have ...