TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

MEMBER BANK [1 record]

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Alphabetical list of terms

Record 1 1998-11-02

English

Subject field(s)
  • Banking
DEF

A bank that is either a subsidiary of another bank, or part of a group of banks formed into a union to persue a common interest ... In the USA it refers to those banks that are affiliated to the Federal Reserve System. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

CONT

The member banks are required to keep legal reserves (on deposit with their regional Reserve Bank or in vault cash) in proportion to their deposits.

French

Domaine(s)
  • Banque

Spanish

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