reserve bank

noun

: a central bank holding reserves of other banks

Examples of reserve bank in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The law lays out a series of authorities held by the board, sets the structure of hybrid public-private reserve banks across the country, and empowers the Federal Open Market Committee to set monetary policy. Neil Irwin, Axios, 21 Feb. 2025 The other 12 members of the Fed's rate-setting committee are presidents of reserve banks around the country, whose terms are also staggered and who are appointed by local boards of directors. Neil Irwin, Axios, 23 Jan. 2025 Moreover, the Federal Open Market Committee — the Fed body that sets monetary policy and also includes presidents of regional reserve banks — elects its own chair and vice chair at the start of each year. Neil Irwin, Axios, 18 July 2024 India’s reserve bank calculated that demonetization entirely failed in its goal of purging black money from the economy: more than 99 percent of invalidated currency nonetheless found its way into banks. Milan Vaishnav, Foreign Affairs, 4 Nov. 2019 See All Example Sentences for reserve bank

Word History

First Known Use

1816, in the meaning defined above

Time Traveler
The first known use of reserve bank was in 1816

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Cite this Entry

“Reserve bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/reserve%20bank. Accessed 4 Mar. 2025.

Last Updated: - Updated example sentences
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