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English definition of “the Federal Reserve Bank”

the Federal Reserve Bank

noun
 
 
(abbreviation FRB, also informal the Fed) BANKING, FINANCE, GOVERNMENT
one of the twelve regional banks in the US that are part of the country's central banking system and are responsible for making sure other banks in their area follow the rules of the Federal Reserve System. Federal Reserve Banks are also responsible for making financial decisions relating to the US economy: the Federal Reserve Bank of New York/Atlanta/Kansas City, etc. a senior economist at/with the Federal Reserve Bank in Minneapolis
(Definition of the Federal Reserve Bank from the Cambridge Business English Dictionary © Cambridge University Press)
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