Federal Reserve Bank

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noun

See under Federal Reserve System.

Dictionary.com Unabridged

noun

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.

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Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins

World English Dictionary

Federal Reserve System

—n
	(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

Collins English Dictionary - Complete & Unabridged 10th Edition
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American Heritage

Cultural Dictionary

Federal Reserve System (the Fed)

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.

Matching Quote

"Beliefs constitute the basic stratum, that which lies deepest, in the architecture of our life. By them we live, and by the same token we rarely think of them.... One may symbolize the individual life as a bank of issue. The bank lives on the credit of a gold reserve which is rarely seen, which lies at the bottom of metal coffers hidden in the vaults of the building. The most elementary caution will suggest that from time to time the effective condition of these guaranties—of these credences, one might say, that are the basis of credit—be passed in review."

-José Ortega Y Gasset

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