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

• This includes, without limitation, that the Escrow Account will be held at an FDIC Member Bank in separate named (as defined below) account.

• If the Executive is suspended or temporarily prohibited from participating in the conduct or the affairs of Iroquois or Member Bank by action of any regulatory authority having jurisdiction, the obligations of the Employers under this Agreement shall be suspended as of the date of service of written notice of such suspension by such regulatory agency, unless stayed by appropriate proceedings.

• Cause" shall mean personal dishonesty, willful or negligent misconduct, breach of fiduciary duty, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or similar minor offenses) or court or administrative order, or any removal or permanent prohibition of the Executive from participating in the conduct or affairs of Iroquois or a Member Bank by an order of any regulatory authority having jurisdiction.

• A copy of any notice to either Iroquois or to Member Bank shall be sent promptly by the Executive to the other.

• Any payments made to the Executive pursuant to this Agreement, or otherwise, by Iroquois or a Member Bank, are subject to and conditioned upon compliance with all federal and state laws and regulations as may be applicable at the time to Iroquois, the Member Bank or any other affiliate for which the Executive has been assigned direct duties or responsibilities, including without limitation, Section 18(k) of the Federal Deposit Insurance Act.

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

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 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 banking and trust company which becomes a member of the Federal Reserve System;

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.