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6. Translate the dialogues into English.

1.

- Чем могу быть полезен?

- Я хотел бы обналичить чек.

- Хорошо, сэр. Чек на 50 фунтов. Но вы его еще не подписали.

- О, простите ради бога. Вот пожалуйста.

- Спасибо. Какими банкнотами?

- Четыре пятерки, три десятки, пожалуйста.

2.

- Добро пожаловать, мадам.

- Я бы хотела обменять доллары.

- Хорошо, мадам. Сколько у вас долларов?

- 50. Какой обменный курс?

- Текущий курс находится на доске для объявлений.

3.

- Здравствуйте.

- Здравствуйте. Я хотел бы обналичить дорожные чеки.

- Хорошо. На какую сумму?

- Сто фунтов.

- Хорошо, подпишите здесь, пожалуйста.

- Сейчас.

4.

- Здравствуйте. Я из Германии и учусь в Англии уже год. Я хочу открыть у вас счет. Подскажите, пожалуйста, какие документы для этого необходимы?

- Нам нужен ваш паспорт, письмо от вашего работодателя или с места учебы, если вы студент.

- Это все?

- Да, все.

- Спасибо.

Speaking Task

7. Work in pairs. Discuss with your partner the role and the functions of the Bank of England. Is it one of the leading financial centers in the world? Why?

Writing

8. Read and translate the letter from a bank. Write your own letter using this one as an example.

15 October, 20 …

Dear, Sir

We have reviewed your application for credit, and it is our pleasure to inform you that an account has been opened for your company.

Please feel free to use your account as often as you wish. A descriptive brochure is attached which outlines the terms and conditions upon which this account has been opened.

Should your credit requirements change, or should you have any questions regarding your new account, call this office and ask to speak to one of our account representatives. When you call, please have your account number available, in order that we might have quick access to your file.

Yours faithfully,

P. Brown,

Bank Manager

Unit V Banking in the usa

Reading

Banking is one of the key drivers of the U.S. economy. There are several types of banks. Commercial banks are the most common, and include global banks such as Bank of America and Citigroup. Commercial banks are the most important source of short-term funds in the money market. Community banks are smaller and focus on local service. Online banks operate over the Internet.

The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system. Over the years, its role in banking and the economy has expanded.

Today, the Federal Reserve’s duties fall into four general areas:

- conducting the nation’s monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employ­ment, stable prices, and moderate long-term interest rates;

- supervising and regulating banking institutions to ensure the safety and soundness of the nation’s banking and financial system and to protect the credit rights of consumers;

- maintaining the stability of the financial system and containing systemic risk that may arise in financial markets;

- providing financial services to depository institutions, the U.S. gov­ernment, and foreign official institutions, including playing a major role in operating the nation’s payments system.

The unique structure of the Federal Reserve System includes a federal government agency, the Board of Governors, in Washington, D.C., and 12 regional Reserve Banks. A network of twelve Federal Reserve Banks and their branches carries out a variety of system functions, including oper­ating a nationwide payments system, distributing the nation’s currency and coin, supervising and regulating member banks and bank holding com­panies, and serving as banker for the U.S. Treasury. The twelve Reserve Banks are each responsible for a particular geographic area or district of the United States.

Member Banks

The nation’s commercial banks can be divided into three types according to which governmental body charters them and whether or not they are members of the Federal Reserve System. Those chartered by the federal government are national banks; by law, they are members of the Federal Reserve System. Banks chartered by the states are divided into those that are members of the Federal Reserve System (state member banks) and those that are not (state nonmember banks). State banks are not required to join the Federal Reserve System, but they may elect to become members if they meet the standards set by the Board of Governors.

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