member bank
Definition
Bank which is part of the Federal Reserve System; or more generally, a bank that is part of a central clearing or central banking system. Such banks have to follow the rules and regulations put forward by the central bank or the clearing system.
Cite this definition
Related Terms
borrowed reserves, Central Bank, discount rate, FDIC, Federal Reserve Bank, multiplier effect, National Bank, reserve requirement
Related Research Articles from the InvestorGuide.com University
Online Banking How can you find the best online bank for you? Within the last decade, online banking has exploded in popularity, and revolutionized the industry, but some banks offer better services than others. Here we look at some things you should consider when you choose an online bank, including account access, security, online bill paying, account aggregation and fees.

Choosing a Bank Learn how to choose the best bank for you. Compare features like interest rates, convenience, FDIC membership, size, and minimum deposit. Compare services like direct deposit, ATMs, online banking, credit cards and debit cards.

Types of Accounts Find out about the different types of bank accounts that are available, including savings accounts, checking accounts, money market deposit accounts (MMDAs) and certificates of deposit (CDs).

Featured Sponsor
|
|