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Dictionary


Fed'eral Reserve' Sys"tem




a U.S. federal banking system that is under the control of a central board of governors (Federal Reserve Board) with a central bank (Federal Reserve Bank) in each of 12 districts and that has wide powers in controlling credit and the flow of money as well as in performing other functions, as regulating and supervising its member banks.

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

Federal Reserve noteFederal Savings and Loan Insurance Corporation
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