bank of issue

American  

noun

1. a bank, as a Federal Reserve Bank, empowered by a government to issue currency.

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Etymology

Origin of bank of issue

First recorded in 1930–35

Example Sentences

Well he knew that though Paul van Zeeland might be personally guiltless, it was his duty as Premier to know what monkey business the directors of the State bank of issue were indulging in.

From Time Magazine Archive

But a few hours sufficed the Davila Government to take over the Banco Central, organized as the sole Chilean bank of issue after Princeton Professor Edwin Walter Kemmerer, famed "Currency Doctor" was called to Santiago.

From Time Magazine Archive

By nightfall the best that the Federal Reserve Bank of New York could do was make an offer like London's: to share in another loan originating in some other central bank of issue.

From Time Magazine Archive

In November Fidel finally turned Cuba's economy over to Che by naming him to run the National Bank, which in addition to acting as Cuba's central bank and bank of issue controls foreign trade.

From Time Magazine Archive

Congress should establish a central bank of issue.

From Carnegie Library of Pittsburgh Debate Index Second Edition by Carnegie Library of Pittsburgh