Federal Reserve System

noun

1. a U.S. federal banking system that is under the control of a central board of governors Federal Reserve Board with a central bank Federal Reserve Bank in each of 12 districts and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member banks.

Federal Reserve System

noun

1. (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

Federal Reserve System

1. The central monetary authority of the United States. The Board of Governors supervises the twelve Federal Reserve banks, which deal with other banks rather than with the public. The system has many functions, including regulating interest rates .

Example Sentences

Customers will do things in the name of the Federal Reserve System which they have never done before.

From Project Gutenberg

The Federal Reserve system demanded a chapter to itself, and so did labor legislation.

From Project Gutenberg

The adoption of the federal reserve system has made a remarkable improvement in the handling of gold and of credit.

From Project Gutenberg

It would be difficult to overestimate the service which the Federal reserve system has already rendered to the country.

From Project Gutenberg

The Federal reserve system is not a panacea for all economic or financial ills.

From Project Gutenberg