Federal Reserve Bank

Definition

One of 12 regional banks established to maintain reserves, issue bank notes, and lend money to member banks. The Federal Reserve Banks are also responsible for supervising member banks in their areas, and are involved in the setting of national monetary policy.



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Related terms:

Federal Reserve Board, Federal funds, open market operation, Treasury Direct, window, required reserves, fed funds, Bank Examiner, borrowed reserves, Desk (the)  and  

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