member bank

1. 1.

   a bank that is a member of the Federal Reserve System

   Broaderdepository financial institution

   Part ofFederal Reserve System

Questions about member bank

What does member bank mean?

member bank means "a bank that is a member of the Federal Reserve System".

Is member bank a common word?

member bank is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.