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reserve city

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Definition of reserve city

: a city of the U.S. designated by the Board of Governors of the Federal Reserve system in which member banks of the system are required to maintain higher legal reserves than in other areas — compare central reserve city, country bank

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“Reserve city.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20city. Accessed 6 Mar. 2021.

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