FEDERAL RESERVE SYSTEM

Pronunciation (US):

(GB):

IPA (US):

 Dictionary entry overview: What does Federal Reserve System mean? 

• FEDERAL RESERVE SYSTEM (noun)
  The noun FEDERAL RESERVE SYSTEM has 1 sense:

1. 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

  Familiarity information: FEDERAL RESERVE SYSTEM used as a noun is very rare.

 Dictionary entry details 

• FEDERAL RESERVE SYSTEM (noun)

Sense 1

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

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

Fed; Federal Reserve; Federal Reserve System; FRS

Context example:

the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply

Hypernyms ("Federal Reserve System" is a kind of...):

central bank (a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government)

Meronyms (members of "Federal Reserve System"):

Federal Reserve Bank; reserve bank (one of 12 regional banks that monitor and act as depositories for banks in their region)

national bank (a commercial bank chartered by the federal government)

member bank (a bank that is a member of the Federal Reserve System)