reserve bank

noun

: a central bank holding reserves of other banks

Examples of 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.
Moreover, the Federal Open Market Committee — the Fed body that sets monetary policy and also includes presidents of regional reserve banks — elects its own chair and vice chair at the start of each year. Neil Irwin, Axios, 18 July 2024 India’s reserve bank calculated that demonetization entirely failed in its goal of purging black money from the economy: more than 99 percent of invalidated currency nonetheless found its way into banks. Milan Vaishnav, Foreign Affairs, 4 Nov. 2019 Public officials on stage will include the presidents of the New York and Minneapolis federal reserve banks and Mandy Cohen, director of the Centers for Disease Control and Prevention, one of multiple panelists on medicine and health, another focus of the Milken Institute. Laurence Darmiento, Los Angeles Times, 2 May 2024 The reserve banks, semi-private entities, are not subject to Freedom of Information Act requests. Catarina Saraiva, Fortune, 22 Jan. 2024 See all Example Sentences for reserve bank 

Word History

First Known Use

1816, in the meaning defined above

Time Traveler
The first known use of reserve bank was in 1816

Dictionary Entries Near reserve bank

Cite this Entry

“Reserve bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20bank. Accessed 15 Dec. 2024.

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