central reserve cities

1 definition found

central reserve cities - Collaborative International Dictionary of English v.0.48 :

  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]