Put most simply, the Federal Reserve System is the central bank of the United States.
最简单地说,联邦储备系统是美国的中央银行。
Obviously the era of free banking had dragged too long before the Federal Reserve System came forth in 1913.
美国联邦储备系统1913年诞生之时,自由银行时代显然已拖得太久了。
So Banks that become a member of the Federal Reserve System get shares and they become Stockholders in the Federal Reserve bank.
所以,联邦储备银行的会员银行,得到股份并且在联邦储备银行成为股东,它们分得股利。
The real difference between Federal Reserve Bank System of 1913 the most important difference and the Federal Reserve System of today is that we are no longer on the gold standard.
913年的联邦储备银行系统与,当今的联邦储备银行系统之间3,不同点在于,最重要的不同点,我们不再以金本位为基础了。
Student: I「m heard that there is the Federal Reserve System in the United State, would you tell me what functions it performs?
学员:我听说在美国有联邦储备系统,您能告诉我它有什么职能嘛?
And so the Federal Reserve System was organized in 1913.
于是在1913年组建了联邦储备系统。
In the United States, the Federal Reserve System sometimes has similar problems in designing a monetary policy for the country」s 12 districts.
在美国,联邦储备系统在为全国12个区制订货币政策时有时也会碰到相似的问题。