FRB Member definition

FRB Member means any Person that is eligible to maintain (and that maintains) with the FRB one or more FRB Member Securities Accounts in such Person's name.
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FRB Member means any national banking association or other ---------- Person which is authorized to hold and trade Uncertificated Mortgage Backed Securities in its name for the account of others through an FRB and which is acceptable to the Bank in its sole discretion.
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Examples of FRB Member in a sentence

  • The Collateral Agent (in its capacity as securities intermediary) represents and warrants that it is as of the date hereof, and it agrees that for so long as it maintains the Collateral Account and acts as the securities intermediary pursuant to this Pledge Agreement it shall be a securities intermediary and a FRB Member.

  • For the purposes of this Section 16 only, the New York Securities Intermediary represents and warrants that it is as of the date hereof, and it agrees that for so long as it maintains the Pledge Account and acts as the Securities Intermediary pursuant to this Pledge Agreement it shall be a Securities Intermediary and a FRB Member.

  • The Securities Intermediary represents and warrants that it is as of the date hereof, and it agrees that for so long as it maintains the Collateral Account pursuant to this Pledge Agreement, it shall be a “securities intermediary” (as such term is defined in Section 8-102(a)(14) of the UCC or, in respect of any Book-Entry Security, in the Federal Book-Entry Regulations) and a FRB Member.

Related to FRB Member

  • Founding Member means any individual who is either:

  • ☐ - MULTI-MEMBER The “Capital Account” for each Member shall mean the account created and maintained for the Member in accordance with Section 704(b) of the Internal Revenue Code and Treasury Regulation Section 1.704-1(b)(2)(iv).

  • Class B Member means a Member holding one or more Class B Ordinary Shares.

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

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