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Federal Reserve System
(in Britain) abbreviation for
Fellow of the Royal Society
Federal Reserve System.
Fellow of the Royal Society.
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|Noun||1.||FRS - the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"|
central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
Federal Reserve Bank, reserve bank - one of 12 regional banks that monitor and act as depositories for banks in their region
national bank - a commercial bank chartered by the federal government
member bank - a bank that is a member of the Federal Reserve System