federal reserve bank
Definition
Noun: - A Federal Reserve Bank: One of the twelve regional banks that, together with the Board of Governors in Washington, D.C., constitute the Federal Reserve System, the central banking system of the United States. These banks monitor commercial banks in their respective districts, act as depositories for them, and implement national monetary policy at a regional level.
Usage
- Primary Use: Refers specifically to one of the twelve institutions that make up the operational arm of the U.S. central bank.
- The Federal Reserve Bank of New York plays a crucial role in financial markets.
- All nationally chartered commercial banks must hold stock in their district's Federal Reserve Bank.
Advanced Usage
- "Member bank of a Federal Reserve Bank": A commercial bank that owns stock in and holds deposits with its regional Federal Reserve Bank.
- As a member bank, it must comply with regulations set by the Federal Reserve Bank of Chicago.
Variants and Related Words
- Federal Reserve System (noun): The complete central banking system of the United States, comprising the Board of Governors and the twelve Federal Reserve Banks.
- The Fed (noun, informal): A common informal name for the Federal Reserve System.
- Reserve Bank (noun): A shortened, informal form sometimes used, though it can be ambiguous without the "Federal" prefix.
Synonyms
- Regional Reserve Bank: A descriptive synonym emphasizing its geographical jurisdiction.
- District Bank: Another term highlighting its operational district within the Federal Reserve System.
Noun
-
one of 12 regional banks that monitor and act as depositories for banks in their region
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