Federal Reserve System

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Federal Reserve

or Federal Reserve System
n.
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

n
(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


n.
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 ?
Officials said the Afghan government had not decided whether it needed to bail out the bank, but reports say that the Afghan Central Bank has pulled in funds from abroad, including 300 million dollars that had been held in the United States Federal Reserve Bank, to have money on hand to guarantee the bank's liquidity.
HBoS further received assistance from the United States Federal Reserve Bank ("U.
The Clearing House Net Settlement system allows banks to record daily all the paper checks, and provides electronic checks and returns settlement reports to the United States Federal Reserve Bank.

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