member bank
2
4.6
- noun
- /ˈmɛmbər bæŋk/
- Specialized
:
banco miembro
- Section 20 prohibits member banks from affiliating with entities that are "principally engaged" in investment banking activities.
- state member banks
And the reason they do that is member banks.
- And the reason they do that is member banks.
Examples
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And the central bank posts an interest rate that that is the rate at which these member banks can borrow.
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The Federal Reserve provides financial support to its member banks in times of economic stress.
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It's the rate that the Federal Reserve charges its member banks.
Blog text (29) -
With this money, they simply purchase one billion dollars' worth of U.S. Treasury debt from its member banks.
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On average, member banks tend to be the larger institutions.
Blog text (10) -
The regulatory powers of the Fed (as applied to member banks) would be steadily increased down the years.
Academic text (2012) -
If you are a state-chartered, Fed member bank, you get alternate exams by the OSBC and the Federal Reserve.
Blog text (1) -
There, the Cape Cod Bank and Trust Co., a member bank of the FHLBB, planned to borrow funds from the FHLBB.
Academic text (2001) -
The Fed supervises and regulates state-chartered member banks as well as BHCs and their nonbank subsidiaries.
Academic text (1998) -
Additionally, the teams would be given responsibility periodically to inspect compliance with security regulations in the same way that federal bank examiners are sent out periodically to assess the operations of their member banks.
Academic text (2004)
Synonyms
∞
1.0
A place where people keep and borrow money
Surface Forms
Morphology
The meaning is directly and compositionally derived from 'member' (an organization belonging to a larger body) + 'bank' (a financial institution): a bank that belongs to or is part of a larger system. This is a straightforward noun–noun compound following normal English composition patterns (though its specific reference to the Federal Reserve is domain-specific), so a B1 learner who knows both words would readily infer the intended meaning.
Etymology
The noun member bank comes from the simple picture of a bank that is a member of a group, like a shop joining a club to follow rules and get support. That's why a 'member bank' today means a bank that belongs to the US Federal Reserve system.