Family Radio Service; a class of small handheld, low power two-way radios (walkie-talkie -like), common in Canada and the US and operable without a license, and commonly used for airsoft on-field communications.
Federal Reserve System. A U.S. system established by the Federal Serve Act of 1913 to regulate the U.S. monetary and banking system. The main functions of the FRS are to supervise the printing of currency, regulate the national money supply, set reserve requirements, examine member banks to ensure they meet various regulations, and act as a clearinghouse for the transfer of funds throughout the banking system.
amily adio ervice. A low-power personal radio service authorized by the FCC in 1998. FRS operates on "splinter" frequencies in between regular GMRS channels.