National Nonmember Banks Law and Legal Definition
In the U.S., a national bank functions as a member bank of the Federal Reserve in the capacity of an investing member of its district Federal Reserve Bank.
National nonmember banks include:
a bank located in any territory of the U.S., Puerto Rico, Guam, American Samoa, the Virgin Islands, or the Northern Mariana Islands; and
a bank which is not a member of the Federal Reserve System.
A state nonmember bank is a state bank which is not a member of the Federal Reserve System.[12 USCS § 1813]
Legal Definition list
- National Natural Landmark
- National Motor Vehicle Title Information System
- National Motor Vehicle Theft Act
- National Monument of Scientific Significance
- National Monument
- National Nonmember Banks
- National Oceanic and Atmospheric Administration [NOAA]
- National Oceanic and Atmospheric Administration Commissioned Corps [NOAA Corps]
- National of the United States
- National Ombudsman
- National Organic Production Program
Related Legal Terms
- Academy for International Conflict Management and Peacebuilding [USIP]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Account [Banks & Banking]
- Acting in Concert [Banks & Banking]
- Activity of Multinational Enterprises
- Advanced Placement or International Baccalaureate Course [Education]
- Affiliate [Banks & Banking]
- Air National Guard
