Federal Reserve Bank(redirected from Federal Reserve banks)
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|Noun||1.||Federal Reserve Bank - one of 12 regional banks that monitor and act as depositories for banks in their region|
Federal Reserve, Federal Reserve System, FRS, Fed - 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"