Definition of reserve bank in English:
A regional bank operating under and implementing the policies of the US Federal Reserve.
- United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues.
- The former chairman of the American federal reserve bank is leading an inquiry for the UN but he will not be saying anything until January at the earliest.
- The depredations and the iniquities of the Federal Reserve Board and the Federal reserve banks acting together have cost this country enough money to pay the national debt several times over.
Definition of reserve bank in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.