Federal Reserve bank

noun

: one of 12 reserve banks set up under the Federal Reserve Act to hold reserves and discount commercial paper for affiliated banks in their respective districts

Examples of Federal Reserve bank in a Sentence

Recent Examples on the Web

Business and consumer sentiment have sagged, which was reinforced by data on Wednesday from two regional Federal Reserve banks and Duke University that showed optimism among company chief financial officers dropped in the first quarter. —Lucia Mutikani, USA Today, 27 Mar. 2025

Research conducted by Federal Reserve banks as well as the International Trade Commission found that steel and aluminum prices increased as a result of the tariffs, despite carve-outs exempting Canadian aluminum. —Alicia Wallace, CNN, 12 Feb. 2025

Only about 16% of payments are made in cash, per the Federal Reserve banks, and cash is no longer the most popular form of payment even for purchases under $25. —Felix Salmon, Axios, 2 Feb. 2025

The Treasury would fund the purchases with profits on Federal Reserve banks' deposits and gold holdings. —Gertrude Chavez-Dreyfuss and Lisa Pauline Mattackal, USA TODAY, 17 Dec. 2024

That’s according to the latest quarterly CFO survey from the Atlanta and Richmond Federal Reserve banks, in conjunction with Duke University’s Fuqua School of Business. —Elisabeth Buchwald, CNN, 24 Oct. 2024

For transactions of a similar speed, the largest American banks charge consumers far more: roughly $28 for a domestic wire transfer (slower options, such as using the Federal Reserve banks’ Automated Clearing House, cost less) and about $40 for an international transfer. —Justin Muzinich, Foreign Affairs, 25 Oct. 2021

This tool points low-wage workers to more prosperous careers In the meantime, the Federal Reserve banks of Philadelphia and Cleveland created an interactive tool called the Occupational Mobility Explorer that was released at the end of 2020. —Jeanne Sahadi, CNN, 8 Mar. 2024

The Federal Reserve banks can make profits like normal banks, except that their profits are turned over to the Treasury each year. —The Editors, National Review, 9 Jan. 2024

Word History

First Known Use

1913, in the meaning defined above

Rhymes for Federal Reserve bank

• antitank
• interbank
• mountebank
• riverbank
• banc
• blank
• clank
• crank
• dank
• drank
• flank
• franc

Legal Definition

Federal Reserve bank

see bank