In the first of those years the united states passed the federal reserve act , which in addition to providing only a fractional gold cover for federal reserve notes and deposits , made it possible for the commercial banks to borrow from the newly created federal reserve banks .
Possible remedies included not just breaking up banks , but also " eliminating fractional reserve banking " - that is , the centuries old practice of banks taking in short term deposits and lending most of them out in riskier and longer term loans .
Possible included not just breaking up banks , but also " eliminating fractional reserve banking " - that is , the centuries old practice of banks taking in short term deposits and lending most of them out in riskier and longer term loans .
Fractional reserve banking , where only a portion of bank deposits are backed by hard cash , as well as unreserved collateral-based lending on overnight repo have allowed for an expansion of credit beyond the bounds of a central banker 's imagination .
He also tells rose he is willing to put a collar of the stock portion of the deal and would recommend 50-for-1 stock split for berkshire 's class b shares so that burlington investors could obtain more berkshire common stock instead of cash for fractional shares .
The first scenario is the catastrophic one in which the whole banking system based on a fractional reserve collapses .
第一种,整个基于部分准备金的银行系统灾难性的彻底崩溃。
As if to emphasise its exclusivity , buyers at allamanda may also buy 5 per cent fractional shares in a beneteau 505 sailing yacht a must for hopping through the so-called " caribbean chain " of islands , which has st lucia roughly in the middle .