federal bank
noun[C]
BANKING,GOVERNMENTukusabankthat isownedby thegovernmentof aparticularcountry,especiallyacentralbank(=bankused by thegovernmenttocontroltheamountofmoneyin theeconomy,controlinterestrates, etc.):
Themainobjectiontosellingthefederalbanksis that they arevitalforfinancingthe government'ssocialprogrammes.