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Monday, November 4th, 2024
the Week of Proper 26 / Ordinary 31
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Bible Dictionaries
Reserve City

Webster's Dictionary

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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).

Bibliography Information
Webster, Noah. Entry for 'Reserve City'. Noah Webster's American Dictionary. https://www.studylight.org/​dictionaries/​eng/​web/​r/reserve-city.html. 1828.
 
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