). A conservative estimate from Gartner pegs the hourly cost of downtime for computer networks at $42,000, so a company that suffers from worse than average downtime of 175 hours a year can lose more than $7 million per year.verage downtime costs vary considerably across industries, from approximately $90,000 per hour in the media sector to about $6.48 million per hour for large online brokerages.
DEFINITION of 'Fractional Reserve Banking'. A banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal. This is done to expand the economy by freeing up capital that can be loaned out to other parties.Most countries operate under this type of system. banking system in which only a fraction of bank deposits are backed by actual cash-on-hand and are available for withdrawal.
The Federal Reserve Act established the Federal Reserve System as the central banking authority of the United States. In the early 1900s, economists believed that the United States banking system needed reform.he Federal Reserve System was the answer to this perceived problem. The Act created 12 regional Federal Reserve banks located in major cities. The Act requires that any bank using the phrase National Bank in its name must be a member of the Federal Reserve System.