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

Abbreviations

Monetary Policy Report submitted to the Congress on July 15, 2015, pursuant to section 2B of the Federal Reserve Act

AFE advanced foreign economy
BHC bank holding company
CDS credit default swap
CMBS commercial mortgage-backed securities
CRE commercial real estate
ECB European Central Bank
ECI employment cost index
E&I equipment and intellectual property products
EME emerging market economy
FOMC Federal Open Market Committee; also, the Committee
GDP gross domestic product
IMF International Monetary Fund
IOER interest on excess reserves
MBS mortgage-backed securities
ON RRP overnight reverse repurchase agreement
PCE personal consumption expenditures
RRP reverse repurchase agreement
SEP Summary of Economic Projections
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
SOMA System Open Market Account
TDF Term Deposit Facility
TIPS Treasury Inflation-Protected Securities

Last update: July 15, 2015