a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sell…
Used in the same subject area: Business and finance, Banking.
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Federal Reserve System
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"
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