你是外语专业啊?厉害
The Federal Reserve’s basic power are concentrate in the board of governor, which is paramount(极为重要) in all policy issues concerning bank regulation and supervision and in most aspect of monetary control. The board enunciate(阐明) the Fed’s policies on both monetary and banking matters. Because the board is not an operating agency, most of the day-to-day implementation of policy decisions is left to the district Federal Reserve banks. The Board of governors and the heads of the Reserve banks orient their policies to the public interest rather than to the benefit of the private banking system.
The U.S.banking system’s regulatory apparatus is complex; the authority of the Federal Reserve is shared in some instances, for example, in mergers or the examination of banks with other federal agencies such as the Controller of the Currency(OCC) and the Federal Deposit Insurance Cooperation(FDIC), in the critical area of regulating the nation’s money supply in accordance with national
你是外语专业啊?厉害