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Though the regional reserve banks act independently and hire their own presidents, the moves are subject to board approval in Washington, D.C.—Jeff Cox, CNBC, 11 Dec. 2025 The stress is most prominent for student loan payments, of which more than 14% became seriously delinquent last quarter, the highest level recorded dating back to when the regional reserve bank began tracking it in 2004.—Elisabeth Buchwald, CNN Money, 12 Nov. 2025 Miran has also proposed big changes for the Federal Reserve System, including nationalizing reserve banks and changing the voting structure of the open market committee.—Tobias Burns, The Hill, 4 Sep. 2025 While the reserve banks’ boards choose their presidents, the Fed board in Washington can vote to reject them.—Christopher Rugaber, Chicago Tribune, 31 Aug. 2025 See All Example Sentences for reserve bank