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


### Answer
The term **member** is defined in *12 U.S.C. § 1422* as follows -

> any institution which has subscribed for the stock of a Federal Home Loan Bank

#### Citation:
  - *12 U.S.C. § 1422*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

