reserve bank

American  

noun

1. one of the 12 principal banks of the U.S. Federal Reserve System.

2. a bank authorized by a government to hold the reserves of other banks.

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reserve bank British  

noun

1. one of the twelve banks forming part of the US Federal Reserve System

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Etymology

Origin of reserve bank

First recorded in 1900–05

Example Sentences

An estimate by the Chicago Fed forecasts that unemployment held steady in December at 4.6%, the reserve bank said Tuesday.

From The Wall Street Journal

A sizable contingent, mostly reserve bank presidents, made clear their opposition to a third cut in December.

From The Wall Street Journal

Logan hasn’t been a member of the Fed’s policy committee this year, under the system that rotates votes annually among the Fed’s 12 reserve bank presidents.

From The Wall Street Journal

The bills “were hardly used, so economic activity will not be impacted,” Shaktikanta Das, the governor of India’s reserve bank, told reporters last week.

From New York Times

They created a public Fed Board in Washington, alongside quasi-private reserve banks around the country.

From New York Times

Related Words

• central bank