Federal Reserve Bank

n. one of 12 member regional banks in the USA that holds reserves and lends money to affiliated banks in their region

The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. The Federal Reserve System, created in 1913, is a private banking system composed of (1) the presidentially-appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils.
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Noun
1. one of 12 regional banks that monitor and act as depositories for banks in their region
(synonym) reserve bank
(hypernym) depository financial institution, bank, banking concern, banking company
(member-holonym) Federal Reserve System, Federal Reserve, Fed, FRS

One of the 12 member banks composing the Federal Reserve System that is responsible for overseeing the commercial and savings banks of its region to ensure they are acting in compliance with regulation.