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Meaning of “the Federal Reserve Bank” in the English Dictionary

"the Federal Reserve Bank" in Business English

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the Federal Reserve Banknoun

uk   us   (abbreviation FRB, also informal the Fed) BANKING, FINANCE, GOVERNMENT
one of the twelve ​regionalbanks in the US that are ​part of the country's ​centralbankingsystem and are ​responsible for making sure other ​banks in their ​areafollow 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 ​senioreconomist 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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