reserve bank


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 New York search officials consulted throughout the process with Mr. Powell, who at the start was a governor and the board’s point person on managing its relationships with the 12 reserve banks. Nick Timiraos, WSJ, "How the New York Fed, Prizing Diversity, Elevated an Insider as Its Next President," 3 Apr. 2018 Members of the other nine regional reserve banks voted to maintain the discount rate, offered directly by the Fed to healthy banks on short-term loans, at its existing level of 2.75% last month. Kate Davidson, WSJ, "Fed’s Regional Banks Split Over Whether to Raise Discount Rate in December," 15 Jan. 2019 The governors and the New York Fed president have permanent FOMC votes, and four reserve bank presidents rotate onto the committee for one year at a time. Nick Timiraos, WSJ, "Trump’s Advisers Seek to Assure Investors He Won’t Fire Fed Chair," 23 Dec. 2018 China’s central bank has loosened credit conditions five times in the past year by cutting the amount of reserves banks are required to hold. Shen Hong, WSJ, "Chinese Bond Yields Hit Two-Year Low," 8 Jan. 2019 The government in recent days has cracked down on street currency dealers, while some senior officials from the reserve bank were suspended Monday after they were accused of corruption by a ruling party activist. Farai Mutsaka, The Seattle Times, "Zimbabwe opposition leader seeks dialogue on economic crisis," 23 Oct. 2018 The presidents of the Fed’s other 11 regional reserve banks hold voting seats on a rotating basis. Michael S. Derby, WSJ, "Fed’s Williams Wants More Rate Rises, Not Yet Worried About Trade Spat," 6 Apr. 2018 Of the Fed’s 12 reserve bank presidents, 10 are white and 10 are male. Nick Timiraos, WSJ, "How the New York Fed, Prizing Diversity, Elevated an Insider as Its Next President," 3 Apr. 2018 The regional reserve bank earlier this month designated San Francisco Fed President John Williams to succeed its retiring president, William Dudley. Nick Timiraos, WSJ, "Trump to Nominate Richard Clarida, Michelle Bowman to Fed Board," 16 Apr. 2018

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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Time Traveler for reserve bank

The first known use of reserve bank was in 1816

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