Federal Reserve

Federal Reserve

or Federal Reserve Systemn. The US central bank, a system of 12 Federal Reserve banks, each serving member commercial banks in its own district. This system, supervised by the Federal Reserve Board, has broad regulatory powers over the money supply and the credit structure.

Thesaurus

Noun

1.

Federal Reserve - the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"Federal Reserve System, FRS, Fedcentral bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the governmentFederal Reserve Bank, reserve bank - one of 12 regional banks that monitor and act as depositories for banks in their regionnational bank - a commercial bank chartered by the federal governmentmember bank - a bank that is a member of the Federal Reserve System