From Longman Dictionary of Contemporary EnglishFederal Reserve Bank, thethe Federal Reserve BankˌFederal Reˈserve ˌBank, the (also the FRB, the Fed informal) the US central bank which is divided into twelve banks each operating in a different area of the US according to the Federal Reserve System. The ‘Fed’ has an important influence on US economic policy, because it fixes the rate of interest that banks must pay when they borrow money.From Longman Business DictionaryFederal Reserve BankˌFederal Reˈserve ˌBank abbreviation FRB nounORGANIZATIONSBANKING one of the 12 banks based in different US cities that make up the Federal Reserve System. Each one carries out the System’s decisions and makes sure that national and state banks with branches in its area follow banking rulesThe New York Federal Reserve Bank could sell more securities, providing as much new debt as the market needs.
