Reserve city

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.

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  • 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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