frs Meaning, Definition & Usage

1. noun the central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies
   Federal Reserve; Fed; Federal Reserve System.
   
   • the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply
2. noun a radioactive element of the alkali-metal group discovered as a disintegration product of actinium
   Fr; francium; atomic number 87.
   

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