About The Word Reserve city
Learn about the word Reserve city to help solve your crossword puzzle. Discover Reserve city definitions and meaning, origins, synonyms, related terms and more at the free Crossword Dictionary.
Reserve city
| Reserve city Definition And Meaning |
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What's The Definition Of Reserve city?Synonyms | Synonyms for Reserve city: Related Terms | Find terms related to Reserve city: See Also | Reserve city In Webster's Dictionary \Reserve city\ (Banking)
In the national banking system of the United States, any of
certain cities in which the national banks are required (--U.
S. Rev. Stat. sec. 5191) to keep a larger reserve (25 per
cent) than the minimum (15 per cent) required of all other
banks. The banks in certain of the reserve cities
(specifically called {central reserve cities}) are required
to keep their reserve on hand in cash; banks in other reserve
cities may keep half of their reserve as deposits in these
banks (--U. S. Rev. Stat. sec. 5195).
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