Administrative Reserve Bank definition

Administrative Reserve Bank means the Reserve Bank in whose District an entity is located, as determined under the procedure described in Regulation D (12 CFR 204.3(b)(2)), even if the entity is not otherwise subject to that section.
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Administrative Reserve Bank means, with respect to a Participant, the Reserve Bank in whose Federal Reserve district the Participant is located in accordance with section 4.6.1.
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Administrative Reserve Bank means the Reserve Bank that maintains the Institution's Master Account, pursuant to Operating Circular 1.
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Examples of Administrative Reserve Bank in a sentence

  • A paying bank’s settlement with its Administrative Reserve Bank is deemed to be settlement with the Re- serve Bank from which the paying bank received the item.

  • A paying bank shall set- tle for an item under this subpart with its Administrative Reserve Bank, whether or not the paying bank re- ceived the item from that Reserve Bank.

  • A returning bank may send a returned check to any Reserve Bank (unless its Administrative Reserve Bank directs it to send the returned check to a specific Reserve Bank) in accordance with subpart C of part 229 of this chapter (Regulation CC), the Uniform Commercial Code, and the Re- serve Banks’ operating circulars.

  • An initial sender’s Administrative Reserve Bank that is deemed to handle an item is also deemed to be a sender with respect to that item.

  • A subsequent returning bank or depositary bank shall settle with its Administrative Reserve Bank for returned checks in the same man- ner and by the same time as for cash items presented for payment under this subpart.

  • On the day a paying bank re- ceives 2 a cash item from a Reserve Bank, it shall settle for the item such that the proceeds of the settlement are available to its Administrative Reserve Bank by the close of Fedwire on that day, or it shall return the item by the later of the close of its banking day or the close of Fedwire.

  • The Administrative Reserve Bank of a (sending or correspondent) bank that settles for credit item originations may require the bank to prefund in accordance with Appendix C credit item originations that settle through the bank’s account, if the Administrative Reserve Bank has determined to monitor the bank’s account in real time.

  • When a sender sends an item to a Reserve Bank, the sender and any prior collecting bank grant to the sender’s Administrative Reserve Bank a security interest in all of their respective assets in the posses- sion of, or held for the account of, any Reserve Bank to secure their respec- tive obligations due or to become due to the Administrative Reserve Bank under this subpart or subpart C of part229 of this chapter (Regulation CC).

  • When a paying or returning bank sends a returned check to a Reserve Bank, the paying bank, returning bank, and any prior return- ing bank grant to the paying bank’s or returning bank’s Administrative Re- serve Bank a security interest in all of their respective assets in the posses- sion of, or held for the account of, any Reserve Bank, to secure their respec- tive obligations due or to become due to the Administrative Reserve Bank under this subpart or subpart C of part229 of this chapter (Regulation CC).

  • The proposed amendments would also clarify that an institution’s Administrative Reserve Bank is deemed to have accepted deposit of a check or other item even if the institution sends the item directly to another Federal Reserve Bank.


More Definitions of Administrative Reserve Bank

Administrative Reserve Bank has the same meaning as in Operating Circular 1.
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Administrative Reserve Bank means the Reserve Bank in the Federal Reserve District in which the Financial Institution is located. See Federal Reserve Banks Operating Circular 1 (2013).
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Administrative Reserve Bank has the meaning specified in the Reserve Bank’s Operating Circular No. 1, as it may be amended from time to time.
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Related to Administrative Reserve Bank

  • Federal Reserve Bank The Federal Reserve Bank of New York and/or such other Federal Reserve Banks as may maintain Pass-Through Certificates on the Fed System, or any successor selected or approved by Xxxxxxx Mac.

  • Reserve Bank means the Reserve Bank of India constituted by Section 3 of the Reserve Bank of India Act, 1934 (2 of 1934).

  • Federal Reserve Bank of New York’s Website means the website of the Federal Reserve Bank of New York at xxxx://xxx.xxxxxxxxxx.xxx, or any successor source.

  • Federal Reserve Bank of New York s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

  • Administrative record means any record pertaining to the management, supervision or administration of the judicial branch, including any court, board, or committee appointed by or under the direction of any court or other entity within the judicial branch, or the office of any county clerk.

  • Administrative Requirement means any required notice, filing or other similar administrative requirements (other than any requirement for Consent or any Eligibility Requirements) for the Transfer of any Appointment to the applicable Purchaser as set forth in the related Corporate Trust Contract.

  • Administrative Rules means the rules and procedures of the Issuer relating to the operation of the Plan.

  • Federal Reserve Board means the Board of Governors of the Federal Reserve System.

  • Administrative Receivable means a Receivable which the Servicer is required to purchase pursuant to Section 3.08 or which the Servicer has elected to purchase pursuant to Section 8.01.

  • Administrative authority means the state or local official responsible for the administration and enforcement of this act.

  • Administrative fund means that Fund established by Section 6.1 and administered pursuant to Section 6.9.

  • FRBNY means the Federal Reserve Bank of New York.

  • Administrative agency or "agency" means each board, bureau, commission, department, or other administrative unit of the executive branch of state government, including one or more officers, employees, or other persons directly or indirectly purporting to act on behalf or under authority of the agency. An administrative unit located within or subordinate to an administrative agency must be treated as part of that agency to the extent it purports to exercise authority subject to this chapter. The term administrative agency does not include:

  • credit institutions means credit institutions as defined under Directive 2006/48/EC;

  • Administrative Review means any decision making process of the director requested by a party aggrieved with an action taken under these rules except the hearing process described in OAR 436-001.

  • Regulated Bank means an Approved Commercial Bank that is (i) a U.S. depository institution the deposits of which are insured by the Federal Deposit Insurance Corporation; (ii) a corporation organized under section 25A of the U.S. Federal Reserve Act of 1913; (iii) a branch, agency or commercial lending company of a foreign bank operating pursuant to approval by and under the supervision of the Board of Governors under 12 CFR part 211; (iv) a non-U.S. branch of a foreign bank managed and controlled by a U.S. branch referred to in clause (iii); or (v) any other U.S. or non-U.S. depository institution or any branch, agency or similar office thereof supervised by a bank regulatory authority in any jurisdiction.

  • Funding Bank shall have the meaning given to such term in Section 3.3 hereof.

  • New York Federal Reserve’s Website means the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website;

  • Administrative Agent’s Account means an account at a bank designated by the Administrative Agent from time to time as the account into which the Borrower shall make all payments to the Administrative Agent for the benefit of the Agents and the Lenders under this Agreement and the other Loan Documents.

  • Administrative Agent Account an account designated by the Administrative Agent from time to time.

  • Failed Bank Advances means the total sums paid by the Failed Bank to (i) protect its lien position, (ii) pay ad valorem taxes and hazard insurance, and (iii) pay credit life insurance, accident and health insurance, and vendor's single interest insurance.

  • Administrative Code means the San Francisco Administrative Code.

  • Money Market Lending Office means, as to each Bank, its Domestic Lending Office or such other office, branch or affiliate of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Borrower and the Agent; provided that any Bank may from time to time by notice to the Borrower and the Agent designate separate Money Market Lending Offices for its Money Market LIBOR Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.

  • New York Federal Reserve s Website" means the website of the Federal Reserve Bank of New York currently at http://www.newyorkfed.org, or any successor website;

  • Federal banking agency means the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the National Credit Union Administration and the Federal Deposit Insurance Corporation;

  • Federal Reserve means the Board of Governors of the Federal Reserve System.