Skip to main content
Search Urban Dictionary
Back
Start typing to search.
Searching
...
Dictionary
Store
Blog
World
Help
Chat
Store
Books
Regional
Mugs
Tees
Hoodies
Beanies
Halloween
Request a product
Pro Customization
Create unique products with your own words and definitions
Preview
Personalize Your Design
Your Word
Your Definition
(US ECONOMY) One of the 12 district Federal Reserve Banks. Based in New York (2nd FR district). Along with members of the Federal Reserve Board, enjoys a permanent seat on the FOMC (other district banks only get to rotate). Main job is to regulate banks and administer monetary policy through open market operations. Former New York Fed president Tim Geithner is now Secretary of the US Treasury Department (as of early 2009).
Text fits
Save
Cancel
Feedback