1. One of 12 regional banks that monitor and act as depositories for banks in their region
   "The New York Reserve Bank plays a crucial role in monetary policy"; "The New York Federal Reserve Bank plays a crucial role in monetary policy";
   - Federal Reserve Bank

Derived forms: reserve banks

Type of: bank, banking company, banking concern, depository financial institution

Part of: Fed [informal], Federal Reserve, Federal Reserve System, FRS

Encyclopedia: Reserve bank