noun
one of 12 regional banks that monitor and act as depositories for banks in their region
• Syn: ↑reserve bank
• Hypernyms: ↑depository financial institution, ↑bank, ↑banking concern, ↑banking company
• Member Holonyms: ↑Federal Reserve System, ↑Federal Reserve, ↑Fed, ↑FRS
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nounUsage: usually capitalized F&R
: one of 12 banks set up under the Federal Reserve system by the Federal Reserve Act of December 23, 1913, one in each of 12 districts, and serving as banks of reserve and discount for affiliated banks including all national banks and many state banks and trust companies
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Federal Reserve Bank,
U.S. any one of twelve district banks of the Federal Reserve System of the United States established to regulate and help member banks in each district.
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any of the 12 banks in different regions of the US that are part of the ↑Federal Reserve System.
Useful english dictionary. 2012.