Federal Reserve Bank

(ECONOMICS) Any of the 12 constituent district banks of the Federal Reserve System. Federal Reserve Banks may be referred to either by the number of the district they serve (e.g., 12th FRB) or by the city in which they are headquartered (e.g., FRB of San Francisco).

Representatives of the FRB's are eligible to serve on the Federal Open Market Committee (FOMC), the committee that actually administers monetary policy through sales or purchases of treasury securities.

The Federal Reserve Bank of New York (2nd FRB) is by far the most important of the 12 district banks. Each bank holding company is likely to have a subsidiary in NYC, and the 2nd District is uniquely guaranteed a seat on the FOMC. The other 11 rotate, with 4 taking a year-long turn at the FOMC at any given time.

The Federal Reserve Bank of New York has historically supplied the secretaries of the Treasury or else the chairmen of the Federal Reserve Board.

Federal Reserve Bank by Abu Yahya May 5, 2010

Federal Hill 

Neighborhood in Baltimore just south of the inner harbor. Home to Baltimore’s college and yuppie bars.

yeah DC is great but I can be just as big of a douche in Federal Hill for cheaper

Federal Hill by Otterfest October 12, 2019

Federal Reserve

The central bank of the United States of America that was founded by Congress in 1913. It is responsible for supervising all bank and credit organizations in the U.S. (both private and public), enforcing credit law, forming U.S. monetary policy, providing financial services to the U.S. government and foreign banking systems, and most importantly, avoiding inflation and depression by controlling U.S. interest rates.

Alan Greenspan has been the chairman of the Federal Reserve for a long time, changing interest rates on many occasions.

Federal Reserve by Nicolai August 12, 2004

Federal Reserve Bank of New York

(US ECONOMY) One of the 12 district Federal Reserve Banks. Based in New York (2nd FR district). Along with members of the Federal Reserve Board, enjoys a permanent seat on the FOMC (other district banks only get to rotate).

Main job is to regulate banks and administer monetary policy through open market operations. Former New York Fed president Tim Geithner is now Secretary of the US Treasury Department (as of early 2009).

Prior to 1928, the President of the Federal Reserve Bank of New York was the de facto leader of the entire system. This was because of the powerful personality and connections of Benjamin Strong, a former J.P. Morgan partner.

Federal Reserve Bank of New York by Abu Yahya September 10, 2010

federal arvind 

The mightiest of all vessels that sail the seven seas. Contracted by the state of Mauritius in 1985, this carrier is capable of handling loads from up to 5 clients at a time. The federal arvind is a long, narrow vessel, ideal for ice breaking in the arctic however, given it's speed and fuel efficiency, it is often hired for non-arctic voyages.

Wow! Did you see that giant boat?

That's not just a boat... that's the federal arvind

federal arvind by sailorboy41 June 18, 2012

Federal Guap 

Being "Guap" after receiving your federal tax return.

Dude, I'm headed to by that new IPod tablet...

(Freind) Whoa, you musta got Federal Guap!

Federal Guap by skyeyeimages February 10, 2013

federal subsides

benefit given by the government usually in the form of a cash payment or a tax reduction

Federal subsides are helpful while making a transaction.

federal subsides by Freddddddddd January 9, 2017