Definition

Noun: 1. A central banking institution: A "reserve bank" is one of the twelve regional banks in the United States that, together with the Board of Governors in Washington, D.C., form the Federal Reserve System, the nation's central bank. 2. A supervisory and depository institution: Each reserve bank is responsible for monitoring the commercial banks in its designated district, acting as a depository for them, and implementing national monetary policy at a regional level.

Usage Examples

• Noun:
  • The Federal Reserve Bank of New York plays a crucial role in the financial system.
  • Commercial banks hold their required reserves in accounts at their regional reserve bank.
  • The policy decision was announced by the president of the Chicago reserve bank.

Advanced Usage

• "Member bank of a reserve bank": A commercial bank that is part of the Federal Reserve System and must follow its regulations.
  • As a member bank, it must maintain its reserve requirements with the reserve bank.
• "Reserve bank district": One of the twelve geographic regions in the U.S. served by a specific Federal Reserve Bank.
  • Our company's headquarters are located in the San Francisco reserve bank district.

Variants and Related Words

• Federal Reserve Bank (FRB) (n): The full, formal name for a reserve bank in the United States. This term is often used interchangeably with "reserve bank."
  • The Federal Reserve Bank of Atlanta released its economic report.
• Central Bank (n): The broader category of national institutions that manage a state's currency, money supply, and interest rates. The Federal Reserve System is the central bank of the United States.
  • The European Central Bank and the U.S. Federal Reserve are both major central banks.

Synonyms

• Federal Reserve Bank: The direct synonym and official name.
• Regional Fed (informal): A common informal abbreviation used in financial contexts.

Related Phrases

• Reserve requirement: The rule mandating the amount of funds a commercial bank must hold in reserve, typically as a deposit at its reserve bank.
  • The central bank adjusted the reserve requirement to influence lending.

Noun

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