reserve bank

noun

1. one of the 12 principal banks of the U.S. Federal Reserve System.
2. a bank authorized by a government to hold the reserves of other banks.

reserve bank

noun

1. one of the twelve banks forming part of the US Federal Reserve System

Word History and Origins

Origin of reserve bank¹

First recorded in 1900–05

Example Sentences

The bills “were hardly used, so economic activity will not be impacted,” Shaktikanta Das, the governor of India’s reserve bank, told reporters last week.

From New York Times

They created a public Fed Board in Washington, alongside quasi-private reserve banks around the country.

From New York Times

That group includes a mix of staff members from the Fed’s regional reserve banks and its Board of Governors in Washington.

From New York Times

The regional reserve banks, which more closely represented private business interests, would have just five.

From New York Times

“One source of uncertainty is the outlook for the global economy, which has deteriorated recently,” Philip Lowe, the reserve bank governor, said in his statement.

From New York Times

Related Words

• central bank