By law, every bank in the United States must be part of the Federal Reserve System.

Name: By law, every bank in the United States must be part of the Federal Reserve System.
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Not every bank in the United States is required to be a part of the Federal Reserve System. Membership in the Federal Reserve System is required for national banks chartered by the Comptroller of the Currency, but state-chartered banks have the option to join or not.

By Law, Every Bank in the United States Must Be