Federal Reserve Bank (Noun)
Meaning
One of 12 regional banks that monitor and act as depositories for banks in their region.
Classification
Nouns denoting groupings of people or objects.
Examples
- The local bank transferred its funds to the federal reserve bank for safekeeping.
- To facilitate international transactions, the commercial bank contacted the federal reserve bank to inquire about their policies.
- After being notified of potential cyber threats, the management team visited the federal reserve bank for an audit of their current security protocols.
- Investors had hoped for higher dividends from their investment portfolios at the end of the fiscal quarter when reported to the federal reserve bank.
- New lending procedures proposed by local commercial institutions underwent careful examination and implementation approval from the regional federal reserve bank before any local transactions commenced.