Federal Reserve System

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Related to Federal Reserve System: Board of Governors of the Federal Reserve System

Federal Reserve

or Federal Reserve System
The US central bank, a system of 12 Federal Reserve banks, each serving member commercial banks in its own district. This system, supervised by the Federal Reserve Board, has broad regulatory powers over the money supply and the credit structure.

Federal Reserve System

(Banking & Finance) (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

Fed′eral Reserve′ Sys`tem

a U.S. federal banking system that is under the control of a central board of governors (Fed′eral Reserve′ Board`) with a central bank (Fed′eral Reserve′ Bank`) in each of 12 districts and that has wide powers in controlling credit and the flow of money.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Federal Reserve System - the central bank of the United StatesFederal Reserve System - 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
References in periodicals archive ?
Banks that are state-chartered, like Ohio Valley Bank, are divided into those that are members of the Federal Reserve System (state member banks) and those that are not (state nonmember banks).
While warning signs of the company's difficulties had begun to appear a year before the Federal Reserve System provided assistance, Federal Reserve System officials said they became acutely aware of AIG's deteriorating condition in September 2008.
Governor, Board of Governors of the Federal Reserve System
For an interesting story of how the Federal Reserve System got started, one should read chapter 21 of From Farm Boy to Financier, by Frank A.
In the Sixth Federal Reserve District, for example, help desk and telecommunication support were consolidated from the Atlanta Fed's six branches to our headquarters while e-mail administration for the entire Federal Reserve System was centralized at the Philadelphia Fed.
Paredes said each branch in the Federal Reserve System offers tours.
On February 22 the Federal Reserve System gave United Bank 90 days to review how the company was being managed, 60 days to disclose the bank's capital, and 60 days to craft a strategic plan and formulate procedures that would strengthen its internal controls.
This issue arises out of an enforcement proceeding brought by the Board of Governors of the Federal Reserve System (the "Board") against Jean Peyrelevade (the "Respondent"), the former chief executive officer of Credit Lyonnais.
The Federal Reserve System has several flee publications that will keep you informed during the home-buying process.
The Federal Reserve System is an independent government agency that helps to oversee the nation's banking system.

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