Federal Reserve System — synonyms, definition

1. Federal Reserve System (Noun)

FRS Federal Reserve fed

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. ex. "the Federal Reserve System seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"

central bank Federal Reserve Bank member bank national bank reserve bank