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1 definition found

From: WordNet (r) 2.0

 FRS
      n : the central bank of the United States; incorporates 12
          Federal Reserve branch banks and all national banks and
          state charted commercial banks and some trust companies;
          "the Fed seeks to control the United States economy by
          raising and lowering short-term interest rates and the
          money supply" [syn: Federal Reserve System, Federal
          Reserve, Fed]