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

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.

From Project Gutenberg

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.

From Project Gutenberg

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

From Project Gutenberg

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

From Project Gutenberg

The Bank of France finds no one engaged in these less remunerative operations, and is, moreover, the better able to undertake them itself, because they are not incompatible with the duties of a bank of issue.

From Project Gutenberg