bank of issue

noun

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

Word History and Origins

Origin of bank of issue¹

First recorded in 1930–35

Example Sentences

During the year operations were recommenced on this work, and a Bank of issue, pretended to be authorized by the Charter, was opened in La Salle.

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Now the Odessa bank not being a bank of issue, does not practise acceptance properly so called; Constantinople is almost the only town that draws on Odessa, and that but for small amounts, and as these acceptances are at twenty-one days' date, they are rarely discounted.

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It was a bank of issue, payable at Gordon, Wisconsin.

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Norway has a single bank of issue, controlled by the State, which owns a majority of the stock; notes are legal tender and may be issued to twice the amount of gold on hand and in foreign banks.

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Neither the acceptance of interest-paying deposits nor the flotation of securities can come within the province of a bank of issue.

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