金融英语3 The Federal Reserve System.pptVIP

Formal Structure of the FRS SYSTEM entities policy tools: reserve requirements open market operations discount rate The three largest Federal Reserve Banks in terms of assets are those of New York, Chicago, and San Francisco----combined they hold over 50℅ of the assets(discount loans,securities and other holdings) of the Federal Reserve System. in terms of：有关...方面的，依据（according to） ？Ｐ２０ Other types of financial institutions may be subject to different regulation. be subject to：易受......的，从属于，有......倾向的 Comparison The 12 Federal Reserve Banks perform the following functions. P19 The functions of a central bank may typically include the following. Currently，around one-third of the commercial banks in the United States are members of the Federal Reserve System, having declined from a peak figure of 49℅ in 1947. To limit the Presidents control over the Fed and insulate the Fed from other political pressures, the governors serve one non-renewable 14-year term, with one governors term expiring every other January. consist of 由....组成 =be composed of eg. the committee consists of the seven members of the Board of Governors........ practise 1、the goverment authorities in of monetary policy. 2、but also on output and inflation. 3、Congress wrote an elaborate system of into the Federal reserve A ct of 1913. 4、Each governor is by the President of the United States and confirmed by the Senate. 5、The chairman of the Board of Governors also as the chairman of the FOMC. 三江学院 张倩 Unit 3 The Federal Reserve System review:banking system 1 Global Reading 2 Detailed Analysis 3 Assignment 4 Contents Review words and expressions monetary policy lender of last resort subsidized-loan interest rates base interest rates promissory note currency outstanding