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central bank

a bank, as the Federal Reserve Bank, that holds basic banking reserves, issues currency, and acts as lender of last resort and controller of credit.
Origin of central bank
1920-25 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for central bank
Contemporary Examples
Historical Examples
  • Allowances were deposited in a central bank, with elected officers.

    The Cricket Marjorie Cooke
  • Mr. Wilton's case was rendered far worse by the loss of a large private income derived from shares in the central bank.

    Salome Emma Marshall
  • Japan first copied the national banking system of the United States and after trial abandoned the same for a central bank.

    Readings in Money and Banking Chester Arthur Phillips
  • With these funds the central bank was to purchase state bonds, devoting the interest to redeeming the notes of the national banks.

  • Each Federal Reserve Bank will be a central bank for the section of the country which it is to serve.

    Readings in Money and Banking Chester Arthur Phillips
British Dictionary definitions for central bank

central bank

a national bank that does business mainly with a government and with other banks: it regulates the volume and cost of credit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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