What is another word for member bank?
Pronunciation: [mˈɛmbə bˈaŋk] (IPA) 
There are several synonyms for the term "member bank," which refers to a bank that holds membership in the Federal Reserve System of the United States. Some of the common synonyms include "Fed member bank," "Reserve member bank," or simply "member institution." These terms are often used interchangeably, and they all carry the same meaning. Member banks play a critical role in the functioning of the Federal Reserve System, as they must meet specific requirements and follow certain guidelines to maintain their status as members. They are responsible for participating in open market operations and complying with various banking regulations to ensure the stability of the nation's financial system.
