### Question
How is the "member" defined?


### Answer
The term **member** is defined in *12 U.S.C. § 1427* as follows -

> a member of a Federal home loan bank which was a member of such bank at the end of such calendar year

#### Citation:
  - *12 U.S.C. § 1427*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

