Speakur

Word Pronunciation & Dictionary

reserve city

Word Rarity Uncommon

Frequency: Zipf frequency 4.56 in modern English

Syllables
re-serve c-i-ty
IPA
19
Scrabble Score
11
Letters
4
Syllables
8
Unique Chars

Meaning

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 ).

Questions

What does reserve city mean?
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 ).

How to pronounce reserve city

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