http://www.frbsf.org/tools/glossary/glossReg.html
Federal Reserve System
The central bank of the United States, created by Congress and made up of a seven-member Board of Governors in Washington, DC, twelve regional Federal Reserve Banks, and their twenty-five Branches.
member bank
Depository institution that is a member of the Federal Reserve System. All federally chartered banks are automatically members of the System. State-chartered banks are divided into those that are members of the System (state member banks) and those that are not (nonmember banks).
Livefire
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Are you saying that the only place the BoE can be tendered legally is in a bankruptcy proceeding?
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No, the bankruptcy is only one place....