Federal Reserve System

American  

noun

1. a U.S. federal banking system that is under the control of a central board of governors Federal Reserve Board with a central bank Federal Reserve Bank in each of 12 districts and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member banks.

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Federal Reserve System British  

noun

1. (in the US) a banking system consisting of twelve Federal Reserve Districts , each containing member banks regulated and served by a Federal Reserve Bank . It operates under the supervision of the Federal Reserve Board and performs functions similar to those of the Bank of England

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Federal Reserve System Cultural  

1. The central monetary authority of the United States. The Board of Governors supervises the twelve Federal Reserve banks, which deal with other banks rather than with the public. The system has many functions, including regulating interest rates.

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Example Sentences

Right before the Wednesday meeting, the Fed’s effective rate was 3.88%, according to the Board of Governors of the Federal Reserve System.

From MarketWatch

“It is the honor of my life to serve on the Board of Governors of the Federal Reserve System,” she said, thanking colleagues and her legal team for their support.

From Barron's

In that case, the justices turned away a challenge to the funding of the Consumer Financial Protection Bureau, which derives from the Federal Reserve System.

From Los Angeles Times

She’s a former director for the board of governors of the Los Angeles branch of the Federal Reserve System.

From Los Angeles Times

Chartered in California and a part of the Federal Reserve System, SVB had submitted to both state and federal oversight — meaning regulators could have reviewed its finances and prodded the bank using their supervisory powers.

From Washington Post