reserve bank

American  

noun

1. one of the 12 principal banks of the U.S. Federal Reserve System.

2. a bank authorized by a government to hold the reserves of other banks.

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reserve bank British  

noun

1. one of the twelve banks forming part of the US Federal Reserve System

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Etymology

Origin of reserve bank

First recorded in 1900–05

Example Sentences

“It’s really up to Kevin to convince Jay that any changes he has in mind will preserve independence and enhance the effectiveness of the staff and the reserve banks,” Kohn said.

From MarketWatch

“It’s really up to Kevin to convince Jay that any changes he has in mind will preserve independence and enhance the effectiveness of the staff and the reserve banks,” Kohn said.

From MarketWatch

The Fed draws its funding from regional reserve banks and open-market operations rather than Congressional appropriations.

From The Wall Street Journal

An estimate by the Chicago Fed forecasts that unemployment held steady in December at 4.6%, the reserve bank said Tuesday.

From The Wall Street Journal

A sizable contingent, mostly reserve bank presidents, made clear their opposition to a third cut in December.

From The Wall Street Journal

Related Words

• central bank