When it is done with the operation, its balance expands: on the liability side, it owes the financial system more money, on the asset side, it owns more securities.
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On the liability side of the Fed's ledger, excess reserves that pay close to zero interest have expanded by about $1 trillion.
在美联储资产负债表的负债部分,零利率的超额准备金增加了大约1万亿。
On the liability side, there are also two major figures: Demand deposits held by the commercial Banks, which constitute the reserves of those Banks; and Federal reserve Notes, cash emitted by the Fed.
在美联储资产负债表的负债表一栏里有两个主要组成部分:商业银行持有的活期存款,也即它们的准备金;和联邦储备券,即由美联储发行的现金。
This tutorial, part 5 of a six-part series, develops the liability management side of the accounting tool, along with an executive analysis tool that generates reports on the billing side.
本教程是本系列的第5部分,文章介绍了如何开发会计工具的债务管理端,以及一个能在帐单端生成报表的可执行分析工具。
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