Meaning of FEDERAL RESERVE BANK in English

ˌFederal Reˈserve ˌBank, the BrE AmE ( also FRB ) ( also the Fed informal )

the US ↑ central bank which is divided into twelve banks each operating in a different area of the US according to the Federal Reserve System. The ‘Fed’ has an important influence on US economic policy, because it fixes the rate of ↑ interest that banks must pay when they borrow money.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.