English dictionary
federal reserve system meaning and definition
Definition and meaning of federal reserve system at MeaningMonkey.org. federal reserve system meaning and definition in the English Dictionary.FEDERAL RESERVE SYSTEM noun
Definition of Federal Reserve System (noun)
- 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
- "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply"
- synonyms: Fed, Federal Reserve, FRS
Source: Princeton University Wordnet