Federal Reserve System Definition
noun
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 regulate banking and the economy by controlling the supply of money and credit.
Webster's New World
Synonyms:
pronoun
(US) The central banking system of the United States.
Wiktionary
Other Word Forms of Federal Reserve System
Noun
Singular:
Federal Reserve SystemPlural:
federal-reserve-systemsRelated Articles
Federal Reserve System Is Also Mentioned In
Find Similar Words
Find similar words to Federal Reserve System using the buttons below.