Meaning Of The Word Federal Reserve System
What's the definition of Federal Reserve System? Find Federal Reserve System meanings, definitions and more at the Real Dictionary online.
Federal Reserve System Meaning
| Federal Reserve System Definition |
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What's The Definition Of Federal Reserve System?
Federal Reserve System in British English
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 regulat noun: (in the US) a banking system consisting of twelve Federal Reserve Districts, each containing member banks regulated and served by a Federal Reserve Bank. It operates under the supervision of the Federal Reserve Board and performs functions similar to thos noun: a U.S. federal banking system that is under the control of a central board of governors (Federal Reserve Board) with a central bank (Federal Reserve Bank) in each of 12 districts and that has wide powers in controlling credit and the flow of money as well |
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