Federal Reserve System, central banking system of the United States, popularly called the Fed. A central bank serves as the banker to both the banking community and the government; it also issues the national currency, conducts monetary policy, and plays a major role in the supervision and regulation of banks and bank holding companies. In the U.S. these function are the responsibilities of key officials of the Federal Reserve System: the Board of Governors, located in Washington, D.C., and the top officers of 12 district Federal Reserve banks, located throughout the nation. The Feds actions, described below, generally have a significant effect on U.S. interest rates and, subsequently, on stock, bond, and other financial markets.
The Federal Reserves basic powers are concentrated in the Board of Governors, which is paramount in all policy issues concerning bank regulation and supervision and in most aspects of monetary control. The board enunciates the Feds policies on both monetary and banking matter. Because the board is not an operating agency, most of the day-to day implementation of policy decisions is left to the district Federal Reserve banks, stock in which is owned by the commercial banks that are members of the Federal Reserve System. Ownership in this instance, however, does not imply control; the Board of Governors and the heads of the Reserve banks orient their policies to the public interest rather than to the benefit of the private banking system.
The U.S. banking systems regulatory apparatus is complex; the authority of the Federal Reserve is shared in some instances for example, in mergers or the examination of banks with other Federal Deposit Insurance Corporation . In the critical area of regulating the nations money supply in accordance with national economic goals, however, the Federal Reserve is independent within the government, Income and expenditures of the Federal Reserve banks and of the board of governors are not subject to the congressional appropriation process; the Federal Reserve is self-financing. Its income comes mainly from Reserve bank holdings of income-earning securities, primarily those of the U.S. government. Outlays are mostly for operational expenses in providing services to the government and for expenditures connected with regulation and monetary policy. In 1992 the Federal Reserve returned 416.8 billion in earnings to the U.S. treasury.
1.The Fed of the United States ___.
A.function as China Bank
B.is the counterpart of Peoples Bank of China
C.is subjected to the banking community and government
D.has 13 top officers who can influence the American financial market
2.The fact that stock in the Fed belongs to commercial banks ___.
A.doesnt mean the latter is in control
B.means the latter is in control
C.means the latter is subjected to the Reserve banks
D.means the Reserve banks orient the latters policies
3.Which of the following statements is not true according to the passage?
A.The fed is a very big, complex and significant system which comprises many local banks.
B.All the commercial banks are not the components of Federal Reserve System.
C.Board of governors is the supreme policy-makers of America.
D.District Reserve banks rather than Board of governors perform the day-to-day policies.
4.The authority of the federal Reserve ___.
A.has to be shared with other establishments.
B.is exclusive at other times
C.isnt limited by comptroller of the Currency and FDIC
D.is limited by Board of governors
5.Income of the Board of governors ___.
A.is borrowed from the U.S. treasury
B.is used by the government to make various policies
C.comes from the U.S. Treasury
D.is not granted by the government
参考答案:BACBD
国内英语资讯:Chinese FM lauds Lancang-Mekong sub-regional cooperation
(全国通用)2014届高考英语一轮单元复习 限时强化训练一
最受欢迎的10大圣诞节读物
【新人教版 必修3】2016届高三英语一轮总复习(佳作诵读+考点锁定+高频考点+课堂双基+课时作业)精品课件《unit 1 Festivals around the world》(96张ppt)
(全国通用)2014届高考英语一轮单元复习 限时强化训练三
【新人教版 必修1】2016届高三英语一轮总复习(佳作诵读+考点锁定+高频考点+课堂双基+课时作业)精品课件《unit 2 English around the word》
成功人士分享成功的秘诀 每天3分钟深呼吸?!
体坛英语资讯:CBA Roundup: Beijing snaps Xinjiangs winning streak
国内英语资讯:Lawmakers call for heavier punishment for water pollution
体坛英语资讯:Warriors throttle Nets 117-101
(全国通用)2014届高考英语一轮单元复习 限时强化训练五
圣诞节的黑知识•圣诞节有哪些专属鬼怪?
【新人教版 必修2】2016届高三英语一轮总复习(佳作诵读+考点锁定+高频考点+课堂双基+课时作业)精品课件《unit 4 Wildlife protection》(115张ppt)
国内英语资讯:China should intensify efforts to implement Made in China 2025: premier
iPhone的18个秘密功能!老公老公你别跑?
国际英语资讯:China to fully open elderly care market by 2020
国内英语资讯:China voices concern over Japans record defense budget
(全国通用)2014届高考英语一轮单元复习 限时强化训练十一
2017高考四川省广安市英语阅读理解一轮系列训练:11(含解析)
(全国通用)2014届高考英语一轮单元复习 限时强化训练六
国际英语资讯:Israel rejects UN resolution on Israeli settlements
【外研英语,七省专用】2014《走向高考》英语一轮总复习(2016春出版)第一部分 教师讲义手册:选修八8-1
体坛英语资讯:Russia not to host ski World Cup
【新人教版 必修2】2016届高三英语一轮总复习(佳作诵读+考点锁定+高频考点+课堂双基+课时作业)精品课件《unit 3 Computers》(101张ppt)
国内英语资讯:Xi meets chief executive of Macao SAR
【新人教版 必修2】2016届高三英语一轮总复习(佳作诵读+考点锁定+高频考点+课堂双基+课时作业)精品课件《unit 2 The Olympic Games》(98张ppt)
Personal profile
博科娃总干事2016年国际移徙者日致辞
国际英语资讯:Britain may be facing disorderly exit from Europe: academic
(全国通用)2014届高考英语一轮单元复习 限时强化训练十
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |