member bank

Noun
  1. A bank that is a member of the Federal Reserve System (synset 108435990)
    is a type of: bank, banking company, banking concern, depository financial institution - a financial institution that accepts deposits and channels the money into lending activities
    belongs to: fed, federal reserve, federal reserve system, frs - the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies

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