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FEDERAL RESERVE SYSTEM: Dictionary Entry and Meaning
WordNet Dictionary
Definition:
[n]
the
central
bank
of
the
United
States
;
incorporates
12
Federal
Reserve
branch
banks
and
all
national
banks
and
stated
charted
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
See Also:
central bank
,
Federal Reserve Bank
,
member bank
,
national bank
,
reserve bank
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