大学金融英语一课件陈庆柏 王景仙ISBN 9787566304827 PPTchapter 17.pptVIP

Chapter Seventeen The U.S. Central Bank (FRS) Learning objectives After studying this chapter you should be able to understand: 1. The meaning of a central bank 2. The reason for studying a central bank 3. The structure of U.S. central bank and its main responsibilities 4. The chief tools used by the Fed in conducting its monetary policy Notes I. New Words 1. operation n. （业务上的）经营/操作 2. confirmation n. 确认 3. the Senate （美）参议院=the upper house 上院 of the U.S. Congress 4. state-chartered a. 州特许的 5. to supervise vt. 监督 Notes 6. to regulate vt. （依法）监管，管控 7. to oversee vt. 监督 8. to effect vt. 造成，产生 e.g. to ~ transfers of funds 进行资金转让 9. subservient a. 附属性的 10. aggregate a. 合计的，总的 Notes II. Useful and Idiomatic Expressions 1. to have impact on sth. 对……产生影响 2. to diffuse power along regional lines 随地区分散权力 3. to result in 导致 4. to pose a problem 提出问题 5. to extend credit to... 向……提供信贷 Notes 6. to discharge other functions 履行/发挥其他功能（此处discharge=perform） 7. to disrupt the market 使市场变得混乱 8. at one’s discretion 由某人决定（处理）=according to sb’s decision 9. to insulate...from... 将……与……隔离开/孤立开来 Notes III. Key Terms 1. Federal Reserve System (the Fed) （美）联邦储备系统（实为美国的中央银行）=the central banking authority responsible for monetary policy in the United States 2. Federal Reserve Act of 1935 一九三五年联邦储备法（It was made in 1935 which strengthened and centralized control of the Federal Reserve in Washington D.C., and ensured that the Fed would be a reliable source of liquidity to troubled banks.） 3. the Federal Reserve Board of Governors （美）联邦储备委员会 4. the Federal Open Market Committee (FOMC)美国联邦公开市场委员会=the committee that makes decisions regarding the conduct of open market operations; composed of the seven members of the Board of Governors of the Fed, the president of the Federal Reserve Bank of New York, and the presidents of four other Federal Reserve Banks on a rotating basis 5. the Federal Advisory Council （美）联邦顾问/咨询事理会 6. affiliated banks 附属的银行 Notes 7. member banks