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| Definitions by InvestorWords.com |
| What is...? |
| Federal Reserve System The central banking system of the U.S., comprised of the Federal Reserve Board, the 12 Federal Reserve Banks, and the national and state member banks. Its primary purpose is to regulate the flow of money and credit in the country. also called the Fed. see also Board of Governors, the Desk, draining reserves, Federal Open Market Committee, National Bank, Primary Dealer, reserve requirement. |
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