Word info Synonyms

reserve bank

Noun

Meaning

one of 12 regional banks that monitor and act as depositories for banks in their region

Source: WordNet

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Examples

The president has very little effect on the economy. If you want to put blame or credit, the main person who influences the business cycle is the head of the Federal Reserve Bank. Robert Fogel

I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96. Herman Cain

A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver. P. J. O'Rourke

In the last 17 years of his working life, my father was finally rewarded with having landed a great job as first, a maintenance engineer, and then a senior locksmith with the Federal Reserve Bank of New York. Tony Visconti

AiGroup chief executive Innes Willox said a wage increase in the current circumstances would make "no sense" when the Reserve Bank was predicting the nation's unemployment rate to reach 10 per cent this year. Source: Internet

Although it is given to the central bank by the government, the Reserve Bank has independence in the way it achieves this goal (operational independence). Source: Internet

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