ORS 708A.165¹
Membership in Federal Reserve System
  • member bank, officers, directors and shareholders subject to duties and liabilities imposed by laws of this state

(1) Any Oregon commercial bank may subscribe to the capital stock and become a member of a Federal Reserve Bank.

(2) An Oregon commercial bank that is a member of a Federal Reserve Bank is subject to supervision and examination required by the laws of this state. The Federal Reserve Board may also examine such Oregon commercial banks. The authorities of this state having supervisory authority over an Oregon commercial bank may disclose to the Federal Reserve Board, or to examiners appointed by it, all information in reference to the affairs of any Oregon commercial bank that has become, or desires to become, a member of a Federal Reserve Bank.

(3) An Oregon commercial bank that is a member bank and its directors, principal officers and stockholders are subject to all liabilities and duties imposed upon them by the laws of this state. [1997 c.631 §128]

1 Legislative Counsel Committee, CHAPTER 708A—Regulation of Institutions Generally, https://­www.­oregonlegislature.­gov/­bills_laws/­Archive/­2007ors708A.­pdf (2007) (last ac­cessed Feb. 12, 2009).
2 OregonLaws.org contains the con­tents of Volume 21 of the ORS, inserted along­side the per­tin­ent statutes. See the preface to the ORS An­no­ta­tions for more information.
3 OregonLaws.org assembles these lists by analyzing references between Sections. Each listed item refers back to the current Section in its own text. The result reveals relationships in the code that may not have otherwise been apparent. Currency Information