State member bank definition
Examples of State member bank in a sentence
The term ‘‘clearing bank’’ means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which oper- ates, or operates as, a multilateral clearing or- ganization pursuant to section 409 1 of the Fed- eral Deposit Insurance Corporation Improve- ment Act of 1991.
Except as provided in paragraph (a) of this section, every State member bank effecting securities transactions for customers, including transactions in government securities, and municipal securities transactions by banks not subject to registration as municipal securities dealers, shall maintain the following records with re- spect to such transactions for at least three years.
The term ‘‘clearing bank’’ means an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which oper- ates, or operates as, a multilateral clearing or- ganization pursuant to section 409 of the Fed- eral Deposit Insurance Corporation Improve- ment Act of 1991.
The require- ments of this section shall not apply to the activities of foreign branches of a State member bank.
GUARANTY, dated as of September 3, 2020 (as amended, restated, supplemented or otherwise modified from time to time, this “Guaranty”), made by TERRA PROPERTY TRUST, INC., a Maryland corporation (“Guarantor”), for the benefit of G▇▇▇▇▇▇ S▇▇▇▇ BANK USA, a New York State member bank (“Class A Lender”).
Section 265.2(f) of the Board’s Rules Regarding Delegation of Authority is hereby amended to eliminate the requirement that Federal Reserve Banks may approve the application of a State member bank to establish a branch only if the proposed branch has already been approved by the appropriate State supervisory authority.
Borrower further warrants that it is not an uninsured State member bank, or a corporation organized under section 25A of the Federal Reserve Act, which operates, or operates as, a multilateral clearing organization pursuant to section 409 of the Federal Deposit Insurance Corporation Improvement Act of 1991 as described in 11 USCS 109(d).
This SECOND AMENDMENT TO MASTER REPURCHASE AGREEMENT AND OTHER TRANSACTION DOCUMENTS (this “Amendment”), dated as of April 14, 2021 (the “Effective Date”), is entered into by and between CLNC CREDIT 6, LLC, a Delaware limited liability company (“Seller”), and ▇▇▇▇▇▇▇ ▇▇▇▇▇ BANK USA, a New York State member bank (including any successor thereto, “Purchaser”).
GUARANTY, dated as of October 11, 2024 (as amended, restated, supplemented or otherwise modified from time to time, this “Guaranty”), made by FORTRESS CREDIT REALTY INCOME TRUST, a Maryland statutory trust (“Guarantor”), for the benefit of ▇▇▇▇▇▇▇ ▇▇▇▇▇ BANK USA, a New York State member bank (“Purchaser”).
GUARANTY, dated as of February 4, 2021 (as amended, restated, supplemented or otherwise modified from time to time, this “Guaranty”), made by GRANITE POINT MORTGAGE TRUST INC., a Maryland corporation (“Guarantor”), for the benefit of G▇▇▇▇▇▇ S▇▇▇▇ BANK USA, a New York State member bank (together with its successors and assigns, “Class A Lender”).