Frs (Noun)
Meaning
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; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply".
Classification
Nouns denoting groupings of people or objects.
Examples
- The Federal Reserve System, commonly referred to as the Fed, is the central bank of the United States.
- The Fed has the authority to regulate and supervise the activities of state-chartered banks that are members of the Federal Reserve System.
- The Fed is responsible for implementing monetary policy in the United States through the use of various tools, including setting interest rates and buying or selling government securities.
- The Fed also provides liquidity to the financial system by acting as a lender of last resort to banks and other financial institutions.
- The Fed is composed of the Federal Reserve Board of Governors, which is responsible for overseeing the entire Federal Reserve System.