• In the national banking system of the United States, any ofcertain cities in which the national banks are required (U. S. Rev.Stat. sec. 5191) to keep a larger reserve (25 per cent) than theminimum (15 per cent) required of all other banks. The banks incertain of the reserve cities (specifically called central reservecities) are required to keep their reserve on hand in cash; banks inother reserve cities may keep half of their reserve as deposits inthese banks (U. S. Rev. Stat. sec. 5195).


    Reserve city meaning & definition 1 of Reserve city.

Similar Words

What is Define Dictionary Meaning?

Define Dictionary Meaning is an easy to use platform where anyone can create and share short informal definition of any word.
Best thing is, its free and you can even contribute without creating an account.



This page shows you usage and meanings of Reserve city around the world.