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

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

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

A central bank of issue, Bank of England is owned by private individuals, operates independently of the state.

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 Barron, Clarence W. (Clarence Walker)