Federal Reserve Bank

Federal Reserve Bank

One of the 12 member banks constituting the Federal Reserve System that is responsible for overseeing the commercial and savings banks of its region to ensure their compliance with regulation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Federal Reserve Bank

One of 12 banks that make up the Federal Reserve System. Each Federal Reserve Bank has the authority to regulate member banks in its region, as well as regulate the money supply. Every member bank is required to buy stock in its district's Federal Reserve Bank in order to support its efforts. There are Federal Reserve Banks in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, San Francisco, and St. Louis. Of these, the New York Federal Reserve is the most important and has the most responsibilities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Federal Reserve Bank

the CENTRAL BANK of the USA
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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