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 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 The New York search officials consulted throughout the process with [Fed chairman Jerome] Powell, who at the start was a governor and the board’s point person on managing its relationships with the 12 reserve banks. Tory Newmyer, Washington Post, "The Finance 202: Trump's war on Amazon undermines his trade case against China," 4 Apr. 2018 The president of the New York Fed, uniquely among the leaders of the 12 regional reserve banks, has a permanent vote on the Fed’s policy-making Open Market Committee and serves as the committee’s vice chairman. Ben Casselman, New York Times, "A Top Candidate for New York Fed’s Leader: San Francisco’s," 24 Mar. 2018 The Chicago Fed is one of 12 regional reserve banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. Paul Gores, Milwaukee Journal Sentinel, "WaterStone Bank's Doug Gordon appointed to Chicago Fed advisory panel," 5 Mar. 2018 In March, the Atlanta Fed named Raphael Bostic, an economist who has specialized in housing issues, as the first African-American president of a reserve bank in the 104-year history of the system. Nick Timiraos, WSJ, "Richmond Fed Selects McKinsey Executive Thomas Barkin as President," 4 Dec. 2017

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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Last Updated

20 Dec 2018

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The first known use of reserve bank was in 1816

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