State member bank

State Member Bank A bank that is chartered by a state and has elected to join the Federal Reserve System.

state member banks
Those chartered by the states who are members of the Federal Reserve System.
state nonmember banks ...

Under the risk-based capital guidelines approved by banking regulators for bank holding companies and state member banks, banks are required to hold a portion of equity capital in reserve to meet contingent obligations in off-balance sheet items.

A regulation designed to address practices by banks that are perceived as unfair by consumers. Regulation AA establishes the procedures used to process complaints registered by bank customers. This regulation applies to state member banks only.

See also: Member bank, Banks, Mergers, Regulators, Federal Reserve Bank