Federal Reserve System Definition
noun
A centralized banking system in the U.S. under a Board of Governors (formerly called the Federal Reserve Board) with supervisory powers over twelve Federal Reserve Banks, each a central bank for its district: established in 1913, it is intended to regulate banking and the economy by controlling the supply of money and credit.
Webster's New World
Synonyms:
pronoun
(US) The central banking system of the United States.
Wiktionary
Other Word Forms of Federal Reserve System
Noun
Singular:
Federal Reserve System
Plural:
federal-reserve-systems
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