- central reserve city
- noun
: a major financial center in which banks are usually subject to higher legal reserve requirements than those in other cities — compare country bank, reserve city
Useful english dictionary. 2012.
central reserve city
Look at other dictionaries:
reserve city — noun Etymology: reserve (II) : a city of the United States designated by the Board of Governors of the Federal Reserve system in which member banks of the system are required to maintain higher legal reserves than in other areas compare central… … Useful english dictionary
central reserve cities — Reserve city Reserve city (Banking) In the national banking system of the United States, any of certain cities in which the national banks are required ( U. S. Rev. Stat. sec. 5191) to keep a larger reserve (25 per cent) than the minimum (15 per… … The Collaborative International Dictionary of English
Reserve city — (Banking) In the national banking system of the United States, any of certain cities in which the national banks are required ( U. S. Rev. Stat. sec. 5191) to keep a larger reserve (25 per cent) than the minimum (15 per cent) required of all… … The Collaborative International Dictionary of English
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