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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
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 No other regional Federal Reserve bank has such a resource. Emre Kuvvet, WSJ, 11 Dec. 2023 Here’s what’s open and closed on the holiday: Monday is a bank holiday, so Federal Reserve banks and branches are closed, as well as other U.S. banks such as Bank of America, Regions, Citibank and Wells Fargo. Summer Lin, Los Angeles Times, 9 Oct. 2023 Thanks to public sector efforts, including Federal Reserve banks and private sector initiatives, some progress has been made. J. Christopher Giancarlo, Fortune Crypto, 22 Aug. 2023 Various Federal Reserve banks recycle the shreds in different ways. Emily Wright, Washington Post, 18 Aug. 2023

Word History

First Known Use

1913, in the meaning defined above

Time Traveler
The first known use of Federal Reserve bank was in 1913

Dictionary Entries Near Federal Reserve bank

Cite this Entry

“Federal Reserve bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Federal%20Reserve%20bank. Accessed 21 Nov. 2024.

Legal Definition

Federal Reserve bank

see bank

Last Updated: - Updated example sentences
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