Federal Reserve System

Federal Reserve System
noun
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

• Syn: ↑Federal Reserve, ↑Fed, ↑FRS
• Hypernyms: ↑central bank
• Member Meronyms: ↑Federal Reserve Bank, ↑reserve bank, ↑national bank, ↑member bank

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a U.S. federal banking system that is under the control of a central board of governors (Federal Reserve Board) with a central bank (Federal Reserve Bank) in each of 12 districts and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member banks.

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Federal Reserve System,
U.S. the federal system of banks consisting of twelve Federal Reserve Banks and supervised by the Federal Reserve Board. The Federal Reserve System regulates the loans and reserves of member banks and influences the flow of credit and currency in the country. It loans money only to banks in the system and adjusts the amount of money in the country to the needs by changing the rate of interest on its loans. Abbr: FRS (no periods).

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the ˌFederal Reˈserve System 7 [Federal Reserve System] (also the Federal Reserve) noun (abbr. the FRS) (also informal the Fed) singular
the organization that controls the supply of money in the US
See also: ↑Fed  
Culture:
The FRS was established by the Federal Reserve Act of 1913. Its ↑Federal Reserve Banks deal with commercial banks in their regions. All national banks must join the system and state banks, ↑savings and loan associations and ↑credit unions may join with the Fed’s approval. The system is directed by seven people appointed by the US President, and their chairman is extremely powerful.

Useful english dictionary. 2012.

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Look at other dictionaries:

  • Federal Reserve System — Federal Reserve System …   Deutsch Wikipedia

  • Federal Reserve System — Réserve fédérale des États Unis Réserve fédérale des États Unis Federal Reserve System Siège Washington, D.C. Création 23 décembre  …   Wikipédia en Français

  • Federal Reserve System — n. A network of twelve central banks established by the Federal Reserve Act in 1913 to oversee a national system of banking, including monitoring the money supply by holding cash reserves and issuing currency for circulation, overseeing the… …   Law dictionary

  • Federal Reserve System — ☆ Federal Reserve System n. a centralized banking system in the U.S. under a Board of Governors (formerly called the Federal Reserve Board) with supervisory powers over twelve Federal Reserve Banks, each a central bank for its district:… …   English World dictionary

  • Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia

  • Federal Reserve System — a U.S. federal banking system that is under the control of a central board of governors (Federal Reserve Board) with a central bank (Federal Reserve Bank) in each of 12 districts and that has wide powers in controlling credit and the flow of… …   Universalium

  • Federal Reserve System — The central bank of the U.S., established in 1913, and governed by the Federal Reserve Board located in Washington, D.C. The system includes 12 Federal Reserve Banks and is authorized to regulate monetary policy in the U.S. as well as to… …   Financial and business terms

  • Federal Reserve System — US Notenbank; Fed; Federal Reserve; Zentralbank der Vereinigten Staaten * * * Federal Reserve System   [ fedərəl rɪ zəːv sɪstəm], Kurzbezeichnung Fed, Geld und Kreditsystem der USA, geschaffen durch den Federal Reserve Act vom 23. 12. 1913,… …   Universal-Lexikon

  • Federal Reserve System — Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves. The Federal Reserve System was established in 1913 to give the… …   Black's law dictionary

  • Federal Reserve System — Network of twelve central banks to which most national banks belong and to which state chartered banks may belong. Membership rules require investment of stock and minimum reserves. The Federal Reserve System was established in 1913 to give the… …   Black's law dictionary

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