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

Each bank of issue must hold in actual gold or gold certificates at least 40% of the amount of its outstanding currency.

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

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

It was the first national bank of issue essential to the system of banking built up by Alexander Hamilton in organizing the finances of the Federal Government under the constitution of 1789.

From The Colonial Architecture of Philadelphia by Cousins, Frank