Federal Reserve bank

noun

: 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

Examples of Federal Reserve bank in a Sentence

Recent Examples on the Web

Here’s what’s open and closed on the holiday: Monday is a bank holiday, so Federal Reserve banks and branches are closed, as well as other U.S. banks such as Bank of America, Regions, Citibank and Wells Fargo. —Summer Lin, Los Angeles Times, 9 Oct. 2023

Thanks to public sector efforts, including Federal Reserve banks and private sector initiatives, some progress has been made. —J. Christopher Giancarlo, Fortune Crypto, 22 Aug. 2023

Various Federal Reserve banks recycle the shreds in different ways. —Emily Wright, Washington Post, 18 Aug. 2023

The Federal Reserve's 2023 schedule How many Federal Reserve banks are there? —Kathleen Wong, USA TODAY, 12 June 2023

Barr appeared at two hearings in Congress last month and acknowledged that Federal Reserve bank supervisors had warned Silicon Valley management as early as the fall of 2021 of risks stemming from its business model, but the bank's managers failed to take the steps necessary to fix the problems. —CBS News, 28 Apr. 2023

Barr appeared at two hearings in Congress last month and acknowledged that Federal Reserve bank supervisors had warned Silicon Valley management as early as the fall of 2021 of risks stemming from its business model, but the bank’s managers failed to take the steps necessary to fix the problems. —Christopher Rugaber and Ken Sweet, BostonGlobe.com, 28 Apr. 2023

Data from the Small Business Credit Survey, a collaboration of all 12 Federal Reserve banks, shows disparities on denial rates for bank and nonbank loans. —Jalen Brown, CNN, 13 Apr. 2023

Banks are typically required to set aside a portion of their deposits as reserves held either as cash or deposits at their local Federal Reserve bank. —Brian Gendreau, Fortune, 18 Apr. 2023

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Word History

First Known Use

1913, in the meaning defined above

Legal Definition

Federal Reserve bank

see bank