In the United States we have twelve Federal Reserve Banks but we have a Federal Open Market Committee.

在美国,我们有十二个联邦储备银行,但是我们有一个联邦公开市场委员会。

耶鲁公开课 - 金融市场课程节选

In the United States we did not have a central bank until 1913 when we created the Federal Reserve System.

在美国，我们直到1913年,创立了联邦储备银行制度。

耶鲁公开课 - 金融市场课程节选

Instead of setting up a central bank in the United States as was done commonly in other countries the United States instead created twelve banks; they're the twelve Federal Reserve Banks.

与在很多国家设立中央银行,不同的是,在美国,建立了十二个银行；,它们是十二个联邦储备金银行。

耶鲁公开课 - 金融市场课程节选

One thing that's been a trend around the world is that the I mentioned that the U.S. Federal Reserve System was different from other central banks in that it was designed to have independence.

一个在世界范围内,流行的事实是,我提到过美国联邦储备系统,与其他中央银行不同,因为它有独立自主性。

耶鲁公开课 - 金融市场课程节选

The U.S. Federal Reserve System was really a copy of the Bank of England thinking that, well, the Bank of England managed to prevent bank runs for all these years, let's create the Fed, which we'll talk about again later.

美国联邦储备制度,就是模仿英格兰银行而建立的,试想一下,由于英格兰银行在预防,银行挤兑方面一直都很成功,所以美国就效仿建立联邦储备,后面的课程再讲美联储

耶鲁公开课 - 金融市场课程节选