All nationally chartered banks are members of the Federal Reserve System,as are some state-chartered banks.

Name: All nationally chartered banks are members of the Federal Reserve System,as are some state-chartered banks.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

All nationally chartered banks are required to be members of the Federal Reserve System. Additionally, state-chartered banks may choose to become members of the Federal Reserve System, but they are not required to do so.

All Nationally Chartered Banks Are Members of the Federal Reserve