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1. 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 (noun.group)
:central bank,
definition:a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government (noun.group)
:federal reserve bank, reserve bank,
definition:one of 12 regional banks that monitor and act as depositories for banks in their region (noun.group)
:national bank,
definition:a commercial bank chartered by the federal government (noun.group)
:member bank,
definition:a bank that is a member of the Federal Reserve System (noun.group)

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