NOUN | group | FRS, Federal Reserve System, Federal Reserve, Fed | the central bank of the United States |
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Meaning | 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. | |
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Synonyms | Federal Reserve System, Federal Reserve, Fed | |
Members | Federal Reserve Bank, reserve bank | One of 12 regional banks that monitor and act as depositories for banks in their region |
member bank | A bank that is a member of the Federal Reserve System | |
national bank | A commercial bank chartered by the federal government | |
Broader | 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 |
Spanish | Reserva Federal, Sistema de Reserva Federal | |
Catalan | Sistema de la Reserva Federal |
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