Member Banks

• all national banks must be members of this system
• state banks can join if they wish
• any bank with the word "national" in it, is a member of the system
• member banks must keep funds in the district bank
• privileges: obtain funds by borrowing from their district bank, use the variety of other services offered, obtain financial advice, take part in electing the members for their district and receive dividends on the stock that they own in the district bank