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Board of Governors of the Federal Reserve System
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Board of Governors of the Federal Reserve System


Monetary Policy Report submitted to the Congress on July 17, 2012, pursuant to section 2B of the Federal Reserve Act

ABCP asset-backed commercial paper
ABS asset-backed securities
AFE advanced foreign economy
AIG American International Group, Inc.
BEA Bureau of Economic Analysis
BHC bank holding company
BOE Bank of England
BOJ Bank of Japan
CCAR Comprehensive Capital Analysis and Review
CDS credit default swap
C&I commercial and industrial
CMBS commercial mortgage-backed securities
CP commercial paper
CRE commercial real estate
DPI disposable personal income
ECB European Central Bank
EME emerging market economy
E&S equipment and software
ESM European Stability Mechanism
EU European Union
FOMC Federal Open Market Committee; also, the Committee
FRBNY Federal Reserve Bank of New York
FSOC Financial Stability Oversight Council
GDP gross domestic product
GSE government-sponsored enterprise
HARP Home Affordable Refinance Program
IMF International Monetary Fund
IPO initial public offering
MBS mortgage-backed securities
MEP maturity extension program
Michigan survey Thomson Reuters/University of Michigan Surveys of Consumers
NIPA national income and product accounts
NPR notice of proposed rulemaking
PCE personal consumption expenditures
PRI Institutional Revolutionary Party
SCOOS Senior Credit Officer Opinion Survey on Dealer Financing Terms
SEP Summary of Economic Projections
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
SOMA System Open Market Account
S&P Standard & Poor's
STBL Survey of Terms of Business Lending
TALF Term Asset-Backed Securities Loan Facility

Last update: August 3, 2012