Federal Reserve bank

noun

Definition of Federal Reserve bank

: one of 12 reserve banks set up under the Federal Reserve Act to hold reserves and discount commercial paper for affiliated banks in their respective districts

First Known Use of Federal Reserve bank

1913, in the meaning defined above

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The first known use of Federal Reserve bank was in 1913

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More Definitions for Federal Reserve bank

Federal Reserve bank

Legal Definition of Federal Reserve bank

see bank

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WORD OF THE DAY

authorized for issue (as a bond)

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