reserve bank

noun

Definition of reserve bank

: a central bank holding reserves of other banks

Examples of reserve bank in a Sentence

Recent Examples on the Web The minutes could show whether other, nonvoting reserve bank presidents had reservations. Nick Timiraos, WSJ, "Fed Minutes to Shed Light on Economic Outlook, Policy Debate," 7 Oct. 2020 Kaplan votes on this year’s policy-setting Federal Open Market Committee but the Dallas Fed won’t again until 2023 under the reserve bank rotation system. Catarina Saraiva, Bloomberg.com, "Policymakers Should Have Freedom to Lift Rates, Kaplan Says," 29 Sep. 2020 While reserve banks and governments are reacting swiftly to try to stabilize the economy and financial markets, many government moves weren’t quick enough to slow infections of the coronavirus, which causes the COVID-19 disease. Rich Lesser, Fortune, "6 steps to sustainably flatten the coronavirus curve," 19 Mar. 2020 But its network of less important reserve banks had another 19,500. The Economist, "Labour hoarding Are there too many central bankers?," 22 Feb. 2020 The New York Fed president, whose reserve bank is partly responsible for ensuring financial markets are functioning properly, also promised that the Fed stood ready to act as needed to make sure that everything is working smoothly. Jeanna Smialek, New York Times, "Fed Official Says Central Bankers Are Aligned in Coronavirus Response," 5 Mar. 2020 The presidents of the Fed’s regional reserve banks, including the St. Louis Fed, serve rotating, one-year terms as voting members of the policy-setting Federal Open Market Committee. Paul Kiernan, WSJ, "St. Louis Fed’s Bullard Said He Was Contacted by White House for Fed Board Job," 25 June 2019 The move is aimed at restoring the amount of reserves banks hold at the Fed to at least the levels seen early last month, before short-term lending markets suffered a sharp rise in borrowing costs as cash became scarce. Los Angeles Times, "Federal Reserve to buy $60 billion of Treasury bills per month," 11 Oct. 2019 The surplus reserves banks hold in their deposit accounts at the Fed fell from $2.2trn in 2017 to $1.4trn now. The Economist, "Why the Fed was forced to intervene in short-term money markets," 19 Sep. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'reserve bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of reserve bank

1816, in the meaning defined above

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The first known use of reserve bank was in 1816

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Cite this Entry

“Reserve bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20bank. Accessed 21 Jan. 2021.

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