Reserve city
Reserve city 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). [Webster 1913 Suppl.]

{In reserve}, in keeping for other or future use; in store; as, he has large quantities of wheat in reserve; he has evidence or arguments in reserve.

{Reserve air}. (Physiol.) Same as {Supplemental air}, under {Supplemental}. [1913 Webster]

Syn: Reservation; retention; limitation; backwardness; reservedness; coldness; restraint; shyness; coyness; modesty. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • reserve city — noun Etymology: reserve (II) : a city of the United States designated by the Board of Governors of the Federal Reserve system in which member banks of the system are required to maintain higher legal reserves than in other areas compare central… …   Useful english dictionary

  • Reserve City Bank — A bank that is found in any city that also has a Federal Reserve bank or Federal Reserve branch office. City banks are usually required to maintain higher account balance reserves than other banks. Boston, New York, Philadelphia, Cleveland,… …   Investment dictionary

  • central reserve city — noun : a major financial center in which banks are usually subject to higher legal reserve requirements than those in other cities compare country bank, reserve city …   Useful english dictionary

  • Reserve air — Reserve city 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… …   The Collaborative International Dictionary of English

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