Non-Member Banks

Non-Member Banks
A bank that is not a member of the U.S. Federal Reserve System. As with member banks, non-member banks are subject to reserve requirements, which they have to maintain by placing a percentage of their deposits at a Federal Reserve Bank. Although non-member banks are not required to purchase stock in their district Federal Reserve banks, they have access to Fed services such as its discount window on the same terms as member banks.

Non-member banks can only be state-chartered, since all nationally chartered banks necessarily have to be members of the Federal Reserve System. Because state banking laws are arguably less onerous than federal banking laws, non-member banks may be subject to less regulation than member banks.


Investment dictionary. . 2012.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • Non-Borrowed Reserves — A measure of the reserves in the banking system. Non borrowed reserves represent the numerical difference between total reserves minus funds that have been borrowed from the Fed discount window. The first element of this equation consists of the… …   Investment dictionary

  • Non-banking financial company — Non bank financial companies (NBFCs) are financial institutions that provide banking services without meeting the legal definition of a bank, i.e. one that does not hold a banking license. These institutions are not allowed to take deposits from… …   Wikipedia

  • Member state of the European Union — Member states of the European Union …   Wikipedia

  • Banks County, Georgia — Infobox U.S. County county = Banks County state = Georgia| seallink = map size = 225 founded = 1859 seat = Homer largest city = Baldwin area total sq mi = 234 area total km2 = 606 area land sq mi = 234 area land km2 = 605 area water sq mi = 0… …   Wikipedia

  • European System of Central Banks — European Union This article is part of the series: Politics and government of the European Union …   Wikipedia

  • List of banks — *This is a list of banks throughout the world.Africaflag|AngolaCentral Bank*Bank of Algeria (Banque Central d Algerie)Banks*Al Baraka Bank of Algeria *Algerian International Bank *Al Rayan Algerian Bank *Arab Banking Corporation *Banque Agricole… …   Wikipedia

  • Iain Banks — Infobox Writer name = Iain Banks caption = Iain M. Banks at 63rd World Science Fiction Convention in Glasgow, August 2005 pseudonym = Iain M. Banks birthname = Iain Banks birthdate = Birth date and age|1954|02|16|df=yes birthplace = Dunfermline,… …   Wikipedia

  • Russell Banks — (born March 28, 1940 in Newton, Massachusetts) is an American writer of fiction and poetry. Life and workRussell Banks is a member of the International Parliament of Writers and a member of the American Academy of Arts and Letters. His work has… …   Wikipedia

  • Morwenna Banks — Born 14 January 1964 (age 47) Flushing, Cornwall, England Occupation Actress, writer, producer Years active 1985–present Partner David Baddiel (? present) Morwenna Banks (b …   Wikipedia

  • Gordon Banks — For other people named Gordon Banks, see Gordon Banks (disambiguation). Gordon Banks Personal information Full name Gordon Banks Date of birth …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”