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

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Example Sentences

See Examples For:

bank of issue

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

It will be a clearing house for Reparations, not an international bank of issue, not a competitor with the great central banks as some have feared.

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

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

The basis of German finance was 1,200,000,000 marks in specie, mostly gold, in the vaults of the Reichsbank at Berlin—the central bank of issue and bankers' deposits—with its 485 branches.

From The Audacious War by Clarence W. (Clarence Walker) Barron

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