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

See Examples For:

bank of issue

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

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

Once an assistant secretary of the U. S. Treasury, he is today Poland's economic adviser and director of its bank of issue.

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

Will a central bank of issue, or some institution like it, establish the business of the country on a basis less likely to be disturbed by panics?

From The Making of Arguments by Gardiner, J. H.