Federal Reserve System
a U.S. federal banking system that is under the control of a central board of governors (Federal Reserve Board ) with a central bank (Federal Reserve Bank ) in each of 12 districts and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member banks.
Words Nearby Federal Reserve System
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
How to use Federal Reserve System in a sentence
Customers will do things in the name of the Federal Reserve System which they have never done before.
Readings in Money and Banking | Chester Arthur PhillipsThe Federal Reserve System demanded a chapter to itself, and so did labor legislation.
Applied Eugenics | Paul Popenoe and Roswell Hill JohnsonThe adoption of the Federal Reserve System has made a remarkable improvement in the handling of gold and of credit.
Readings in Money and Banking | Chester Arthur PhillipsIt would be difficult to overestimate the service which the Federal Reserve System has already rendered to the country.
State of the Union Addresses of Calvin Coolidge | Calvin CoolidgeThe Federal Reserve System is not a panacea for all economic or financial ills.
State of the Union Addresses of Calvin Coolidge | Calvin Coolidge
British Dictionary definitions for Federal Reserve System
(in the US) a banking system consisting of twelve Federal Reserve Districts, each containing member banks regulated and served by a Federal Reserve Bank . It operates under the supervision of the Federal Reserve Board and performs functions similar to those of the Bank of England
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for Federal Reserve System
The central monetary authority of the United States. The Board of Governors supervises the twelve Federal Reserve banks, which deal with other banks rather than with the public. The system has many functions, including regulating interest rates.
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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