Fed Member definition

Fed Member means any Person that is eligible to maintain, and maintains, one or more book-entry accounts in the name of such Person with the Fed.
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Examples of Fed Member in a sentence

  • Custodian shall maintain all Collateral in its possession or, as applicable, with DTC, the Fed, or a bank that is a Fed Member and that maintains such Collateral in a customer book-entry account with the Fed (provided, however, that any such bank is qualified to act as a custodian under the Investment Company Act of 1940, as amended, and approved by Customer), or such other clearing corporation as Broker deems acceptable.

  • Custodian shall maintain all Collateral in its possession or, as applicable, with the DTC, the Fed, a bank that is a Fed Member and that maintains such Collateral in a customer book-entry account with the Fed (provided, however, that any such bank is qualified to act as a custodian under the Investment Company Act of 1940, as amended, and approved by Customer), or such other clearing corporation as Broker shall agree.

  • The Office of the Comptroller of the Currency is responsible for regulating National Chartered Banks that are members of the Federal Reserve Bank The Federal Reserve Board is responsible for regulating Fed Member State Chartered Banks and many large banking institutions because it is the federal regulator for bank holding companies (BHCs).

  • Securities maintained in the form of entries (including, without limitation, the Security Entitlements in such Securities) in the commercial book-entry system of the Fed and held for the Trustee, directly or indirectly, by any Trustee's Fed Member.

  • The FDIC is responsible for regulating State Chartered Banks that are not Fed Member Banks The CFPB is responsible for regulating all financial institution as it relates to consumer lending and other consumer related issues with a primary focus on financial institution with assets in excess of $10 billion.

  • The Securities Intermediary or its agent will instruct the Depositary to credit such Securities Accounts of the Securities Intermediary or its agent with the Deposited Assets held by such Depositary; and (B) one or more Fed Member Securities Accounts to which the Securities Intermediary through its agent will instruct the Fed to credit, in accordance with the Book-Entry Regulations, all Book-Entry Securities from time to time comprising the Deposited Assets.

  • During the term of this Agreement, the Custodian agrees to: (a) maintain accounts with (1) The Federal Reserve Bank of New York and (2) DTC, and (b) remain a member of the Fed; and (c) maintain Fed Member Securities Accounts.

Related to Fed Member

  • Designated member means the spouse, child, grandchild, parent, brother, or sister of a deceased individual who owned an interest in a wholesaler, who is entitled to inherit the deceased individual's ownership interest in the wholesaler under the terms of the deceased individual's will, or who has otherwise been designated in writing by the deceased individual to succeed the deceased individual in the wholesaler's business, or is entitled to inherit such ownership interest under the laws of intestate succession of this state. With respect to an incapacitated individual owning an ownership interest in a wholesaler, the term means the person appointed by a court as the conservator of such individual's property. The term also includes the appointed and qualified personal representative and the testamentary trustee of a deceased individual owning an ownership interest in a wholesaler.

  • Related member means a person that, with respect to the taxpayer during all or any portion of the taxable year, is either a related entity, a component member as defined in section 1563(b) of the Internal Revenue Code, or a person to or from whom there is attribution of stock ownership in accordance with section 1563(e) of the Internal Revenue Code except, for purposes of determining whether a person is a related member under this division, "twenty per cent" shall be substituted for "5 percent" wherever "5 percent" appears in section 1563(e) of the Internal Revenue Code.

  • Retired member means any former member receiving a retirement allowance or any former member who has filed the necessary documents for retirement benefits and is no longer contributing to the retirement system;

  • Co-opted Member means a person who is not a member of the authority but who-

  • Enlisted member means a person in an enlisted grade.

  • Interested Member means any person (other than the Company and any direct or indirect majority-owned subsidiary of the Company) that:

  • Qualified Member means a member of the Committee who is a “Non-Employee Director” within the meaning of Rule 16b-3(b)(3) and an “outside director” within the meaning of Regulation 1.162-27 under Code Section 162(m).

  • Tribal Member means an enrolled member of the Tribe.

  • Lead Member shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway;

  • appointed member means a member referred to in section 5(1)(a) or (b);

  • Insured Member means a member insured under this subdivision.

  • Deferred member means a person who elected to receive deferred vested retirement

  • Individual Member means a registered, financial Member of the Club who is at least 18 years of age.

  • Panel Member ’ means a member of a panel;

  • Full Member means any person who is in one of the categories of membership referred to in Rule 10.3.

  • Unit Member means any certificated employee of the district who is included in the appropriate unit as defined in Article 2 and therefore covered by the terms and provisions of this Agreement.

  • elected member means a member of the authority board who:

  • Associate Member means a person appointed to perform specific statutory and non-statutory duties which have been delegated by the Trust Board for them to perform and these duties have been recorded in an appropriate Trust Board minute or other suitable record.

  • Council Member means a member of the Council;

  • Special Member means, upon such person’s admission to the Company as a member of the Company pursuant to Section 5(c), a person acting as Independent Director, in such person’s capacity as a member of the Company. A Special Member shall only have the rights and duties expressly set forth in this Agreement.

  • Service member means a member of the armed forces, a reserve branch of the armed forces, or the Michigan national guard.

  • Active member means a member of the pension program or the individual account program

  • Substituted Member means a Person that is admitted as a Member to the Company pursuant to Section 12.01.

  • Participating member means a member who is required to make mandatory contributions by the applicable retirement act to his or her health reimbursement account.

  • Covered service member means a member of the Armed Forces, including a member of the National Guard or Reserves, who is undergoing medical treatment, recuperation, or therapy, is otherwise in outpatient status, or is otherwise on the temporary disability retired list, for a serious injury or illness.

  • Principal Member means the person who signs the application and is responsible for the payment of premiums.