reserve city (Meaning)
reserve city ()
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).
Synonyms & Antonyms of reserve city
No Synonyms and anytonyms found
reserve city Sentence Examples
- London is a central reserve city in the global financial system.
- Reserve cities hold significant gold and foreign exchange reserves to support their currencies.
- New York City serves as the primary reserve city for the United States dollar.
- The central bank of a reserve city typically intervenes in the foreign exchange market to maintain the value of its currency.
- Tokyo is considered a reserve city due to the substantial foreign exchange reserves held by Japanese banks.
- Frankfurt is a major reserve city for the euro currency.
- The International Monetary Fund designates certain cities as reserve cities based on their economic importance and financial stability.
- Reserve cities play a crucial role in facilitating international trade and capital flows.
- The stability of reserve cities is essential for maintaining confidence in global financial markets.
- Central banks collaborate with reserve cities to manage global currency reserves and promote financial stability.
FAQs About the word reserve city
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 large
No synonyms found.
No antonyms found.
London is a central reserve city in the global financial system.
Reserve cities hold significant gold and foreign exchange reserves to support their currencies.
New York City serves as the primary reserve city for the United States dollar.
The central bank of a reserve city typically intervenes in the foreign exchange market to maintain the value of its currency.
