1 There are 1000 mL per liter, so convert by calculating (1 L / 1000 mL) x (2000 mL) = 2 liters of water.  Note that we arranged the conversion so that the mL units canceled out (one on top, one on bottom). If we had written it as 1000 mL / 1 L x 2000 mL we would end up with a nonsense result.
The Federal Reserve System: 1913 to DateFunctions of the Federal Reserve System. By 1913, America's economic growth both at home and abroad required a more flexible, yet better controlled and safer banking system.
The effectiveness of the Federal Reserve as a central bank was put to the test on September 11, 2001 as the terrorist attacks on New York, Washington and Pennsylvania disrupted U.S. financial markets.