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    re·serve bank
    [rəˌzərv ˈbaNGk]
    noun
    reserve bank (noun) · reserve banks (plural noun)
    1. a regional bank operating under and implementing the policies of the US Federal Reserve.
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    What is a Reserve Bank?: one of 12 reserve banks set up under the Federal Reserve Act to hold reserves and discount commercial paper for affiliated banks in their respective districts Recent Examples on the Web Banks are typically required to set aside a portion of their deposits as reserves held either as cash or deposits at their local Federal Reserve bank.
    What is the Federal Reserve Bank?The Federal Reserve Bank is the central bank of the United States. The Fed oversees the largest U.S. banks, implements and adjusts monetary policy, and provides financial services for the U.S. government.
    What is a cash reserve?This is real paper money that must be kept by the bank in a vault on-site or held in its account at the central bank. Cash reserves requirements are intended to ensure that every bank can meet any large and unexpected demand for withdrawals.
    What is a total reserve?Total reserves: all bank reserves, i.e. cash in the vault, plus reserves on deposit at the central bank, also borrowed plus non-borrowed, also required plus excess. Banking regulators typically determine the banks' reserve requirements, including the minimum proportion of a bank's assets that banks must hold in cash.
     
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