Member bank definition

Member bank means a national bank, state bank, or trust company which is a member of the United States federal reserve system.

Member bank means a member of VISA®, MasterCard® and/or Other Networks, as applicable, that provides sponsorship services in connection with this Agreement.

Member bank means a depository institution that is a member of the Federal Reserve System.

Examples of Member bank in a sentence

• Sub-merchant acknowledges that Acquirer and Member Bank are providing the Services contemplated in this Sub-Merchant Agreement to assist in Provider’s processing relationship with Sub-merchant, that Acquirer and Member Bank are not liable for any action or failure to act by Provider, and that Acquirer and Member Bank shall have no liability whatsoever in connection with any products or services provided to Sub-merchant by Provider.

• Member Bank or Acquirer will pay arbitration filing fees and arbitrator’s costs and expenses of which Sub-merchant provides notice to Member Bank or Acquirer prior to the commencement of the arbitration.

• Sub-merchant agrees to provide Acquirer and Member Bank, via a communication with Provider, with written notice of any alleged breach by Acquirer or Member Bank of this Sub-Merchant Agreement, which notice will specifically detail such alleged breach, within thirty (30) days of the date on which the alleged breach first occurred.

• If Sub-merchant has a dispute with Acquirer or Member Bank that cannot be resolved informally, Sub-merchant, Member Bank, or Acquirer may elect to arbitrate that dispute in accordance with the terms of this arbitration provision rather than litigate the dispute in court.

• Sub-merchant’s sole and exclusive remedy for any and all claims against Acquirer and Member Bank arising out of or in any way related to the transactions contemplated herein shall be termination of this Sub-Merchant Agreement.

More Definitions of Member bank

Member bank means a bank which is approved by MAS pursuant to section 29A of the Monetary Authority of Singapore Act to participate in MEPS+;

Member bank means a national bank, state bank or trust company that is a member of the Federal Reserve System and through which an insurer participates in the Federal Reserve book-entry system.

Member bank means any national bank, State bank, or bank or trust company which is a member of a Re- serve bank.§ 761.2 Authority of Reserve Banks.

Member bank means any national bank, state bank or banking and trust company which becomes a member of the Federal Reserve System;

Member bank means any banking institution that is a member of the Federal Reserve System, including any subsidiary of a member bank. The term does not include any foreign bank that maintains a branch in the United States, whether or not the branch is in- sured (within the meaning of 12 U.S.C. 1813(s)) and regardless of the operation of 12 U.S.C. 1813(h) and 12 U.S.C. 1828(j)(3)(B).

Member bank means any national bank, State bank or bank or trust com- pany which is a member of a Reserve Bank.§ 811.1 Authority of Reserve Banks.Each Reserve Bank is hereby author- ized, in accordance with the provisions of this part, to: (a) Issue book-entry Federal Financing Bank securities by Federal Financing Bank § 811.3 means of entries on its records which shall include the name of the depositor, the amount, the loan title (or series) and maturity date; (b) effect conver- sions between book-entry Federal Fi- nancing Bank securities and definitive Federal Financing Bank securities; (c) otherwise service and maintain book- entry Federal Financing Bank securi- ties; and (d) issue a confirmation of transaction in the form of a written ad- vice (serially numbered or otherwise) which specifies the amount and de- scription of any securities, that is, loan title (or series) and maturity date, sold or transferred and the date of the transaction.§ 811.2 Scope and effect of book-entry procedure.(a) A Reserve Bank, as fiscal agent of the United States acting on behalf of the Federal Financing Bank, may apply the book-entry procedure pro- vided for in this part to any Federal Fi- nancing Bank securities which have been or are hereafter deposited for any purpose in accounts with it in its indi- vidual capacity under terms and condi- tions which indicate that the Reserve Bank will continue to maintain such deposit accounts in its individual ca- pacity, notwithstanding application of the book-entry procedure to such secu- rities. This paragraph is applicable, but not limited, to securities deposited:

Member bank means a member of VISA and/or MasterCard which is authorized by such association(s) to enter or receive transactions into (or from) such association(s) settlement and authorization systems, and to participate in such association(s) charge card program.