We've centralized the note issue in the United States starting in 1913 with the Federal Reserve Board so your notes that you see are called Federal Reserve Notes.

我们在1913年通过联邦储备金监察小组,集中了美国发行的钞票,所以你看到的钞票,叫做联邦储备券。

耶鲁公开课 - 金融市场课程节选

With a fractional reserve system you're in an unstable equilibrium.

伴随着部分准备金银行制度,英国的银行业处于一个不平稳的均衡中。

耶鲁公开课 - 金融市场课程节选

All of these central banks of Canada England Europe and Switzerland got together with the Federal Reserve and said--obviously they were worried about the financial crisis that was engulfing the world.

所有的这些中央银行,加拿大，英国，欧洲，瑞士,与联邦准备银行聚集到一起,说-明显的他们是担忧,现在正吞没整个世界的金融危机。

耶鲁公开课 - 金融市场课程节选