Share this entry

Share this page

reserve bank

Syllabification: re·serve bank

Definition of reserve bank in English:

noun

A regional bank operating under and implementing the policies of the US Federal Reserve.
Example sentences
  • 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:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day tenebrous
Pronunciation: ˈtɛnɪbrəs
adjective
dark; shadowy or obscure