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.

  • 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.

  • 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.

  • 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.

  • Associated Member means any member with a common ownership, investment or other pecuniary interest in a business or commercial endeavor. (7-1-93)

  • 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-