one of the twelve banks forming part of the US Federal Reserve System
reserve bank in American English
US
a bank in which the reserves of other banks are deposited; specif., Federal Reserve Bank
reserve bank in American English
noun
1.
one of the 12 principal banks of the U.S. Federal Reserve System
2.
a bank authorized by a government to hold the reserves of other banks
Word origin
[1900–05]This word is first recorded in the period 1900–05. Other words that entered Englishat around the same time include: Young Turk, burnout, cathode-ray tube, clone, hydroplane
Examples of 'reserve bank' in a sentence
reserve bank
The reserve bank has also been transferring hundreds of thousands of dollars to accounts overseas, supposedly for student bursaries.
Times, Sunday Times (2006)
He believes the state must have a reserve-bank role in guaranteeing standards in health and education.