Any bank or trust company incorporated under the laws of Mississippi shall have power to subscribe to the capital stock and become a member of a Federal Reserve bank created and organized under the act of congress of the United States approved December 23, 1913, and known as the Federal Reserve Act and its amendments.
State banks may become members of Federal Reserve Bank
Miss. Code Ann. § 81-5-11, under General Provisions Relating to Banks and Banking.
Miss. Code Ann. § 81-5-11