Federal Reserve System

American  

noun

1. 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.

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Federal Reserve System British  

noun

1. (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

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Federal Reserve System Cultural  

1. 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.

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Example Sentences

“We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell,” the statement said Tuesday.

From The Wall Street Journal • Jan. 13, 2026

"We stand in full solidarity with the Federal Reserve System and its Chair Jerome H. Powell," said the statement signed by chiefs of the European Central Bank, the Bank of England and others.

From Barron's • Jan. 13, 2026

Right before the Wednesday meeting, the Fed’s effective rate was 3.88%, according to the Board of Governors of the Federal Reserve System.

From MarketWatch • Dec. 8, 2025

The bureau is funded by the Federal Reserve System, in an amount determined by the bureau so long as it does not exceed 12 percent of the system’s operating expenses.

From New York Times • Feb. 27, 2023

The expansion of credit facilities by the Federal Reserve System and the Reconstruction Finance Corporation has been of incalculable value.

From State of the Union Address by Hoover, Herbert