| 单词 | federal reserve system |
| 释义 | Federal Reserve System in British Englishnoun (in the US) a banking system consisting of twelve Federal Reserve Districts, each containing member banks regulated and served by a Federal Reserve Bank. It operates under the supervision of the Federal Reserve Board and performs functions similar to those of the Bank of England Federal Reserve System in American English US a centralized banking system in the U.S. under a Board of Governors (formerly called the Federal Reserve Board) with supervisory powers over twelve Federal Reserve Banks, each a central bank for its district: established in 1913, it is intended to regulate banking and the economy by controlling the supply of money and credit |
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