State chartered banks ________ be members of the Federal Reserve System and nationally chartered banks ________ be members of the Federal Reserve System.

Name: State chartered banks ________ be members of the Federal Reserve System and nationally chartered banks ________ be members of the Federal Reserve System.
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State chartered banks may choose to be members of the Federal Reserve System, while nationally chartered banks are required to be members.

State Chartered Banks ________ Be Members of the Federal Reserve