Member bank definition

Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

Member bank means a member of VISA®, MasterCard® and/or Other Networks, as applicable, that provides sponsorship services in connection with this Agreement.

Member bank means a depository institution that is a member of the Federal Reserve System.

Examples of Member bank in a sentence

• As of the commencement of this Agreement, Member Bank shall be Fifth Third Bank, an Ohio Banking Corporation, located in Cincinnati, OH 45263.

• Processor at its sole and absolute discretion may require that each month Merchant deposit, or Processor or Member Bank may deposit by deducting from any provisional credit or payment due to Merchant or from any funds in the Settlement Account or any other deposit account of Merchant sums into the Reserve Account no later than the twentieth day of the month.

• The provisions of Section 23.3 apply to the guarantee by Merchant and Guarantor(s) of the Merchant Affiliate’s obligations to Processor or Member Bank under any Merchant Card Processing Agreement.

• The Member Bank may be changed, and its rights and obligations assigned to another party by Acquirer at any time without notice to Sub- merchant.

• All material marked “confidential” which Processor receives from Merchant will be used only by Processor, Member Bank or Card Association in performing the Card Program services under this Merchant Agreement or related services and reporting.

More Definitions of Member bank

Member bank means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+;

Member bank means a national bank, state bank or trust company that is a member of the Federal Reserve System and through which an insurer participates in the Federal Reserve book-entry system.

Member bank means any national bank, State bank, or bank or trust company which is a member of a Re- serve bank.

Member bank means any national bank, state bank or banking and trust company which becomes a member of the Federal Reserve System;

Member bank means any banking institution that is a member of the Federal Reserve System, including any subsidiary of a member bank. The term does not include any foreign bank that maintains a branch in the United States, whether or not the branch is in- sured (within the meaning of 12 U.S.C. 1813(s)) and regardless of the operation of 12 U.S.C. 1813(h) and 12 U.S.C. 1828(j)(3)(B).

Member bank means any national bank, State bank or bank or trust com- pany which is a member of a Reserve Bank.§ 811.1 Authority of Reserve Banks.Each Reserve Bank is hereby author- ized, in accordance with the provisions of this part, to: (a) Issue book-entry Federal Financing Bank securities by Federal Financing Bank § 811.3 means of entries on its records which shall include the name of the depositor, the amount, the loan title (or series) and maturity date; (b) effect conver- sions between book-entry Federal Fi- nancing Bank securities and definitive Federal Financing Bank securities; (c) otherwise service and maintain book- entry Federal Financing Bank securi- ties; and (d) issue a confirmation of transaction in the form of a written ad- vice (serially numbered or otherwise) which specifies the amount and de- scription of any securities, that is, loan title (or series) and maturity date, sold or transferred and the date of the transaction.§ 811.2 Scope and effect of book-entry procedure.(a) A Reserve Bank, as fiscal agent of the United States acting on behalf of the Federal Financing Bank, may apply the book-entry procedure pro- vided for in this part to any Federal Fi- nancing Bank securities which have been or are hereafter deposited for any purpose in accounts with it in its indi- vidual capacity under terms and condi- tions which indicate that the Reserve Bank will continue to maintain such deposit accounts in its individual ca- pacity, notwithstanding application of the book-entry procedure to such secu- rities. This paragraph is applicable, but not limited, to securities deposited:

Member bank means a member of VISA and/or MasterCard which is authorized by such association(s) to enter or receive transactions into (or from) such association(s) settlement and authorization systems, and to participate in such association(s) charge card program.