Abbreviations

Monetary Policy Report submitted to the Congress on June 12, 2020, pursuant to section 2B of the Federal Reserve Act

AFE
advanced foreign economy
BLS
Bureau of Labor Statistics
BOC
Bank of Canada
BOE
Bank of England
BOJ
Bank of Japan
CARES Act
Coronavirus Aid, Relief, and Economic Security Act
CBO
Congressional Budget Office
C&I
commercial and industrial
COVID-19
coronavirus disease 2019
CP
commercial paper
CPI
consumer price index
DPI
disposable personal income
ECB
European Central Bank
ECI
employment cost index
EFFR
effective federal funds rate
EME
emerging market economy
FIMA
Foreign and International Monetary Authorities
FOMC
Federal Open Market Committee; also, the Committee
GDP
gross domestic product
GFC
Global Financial Crisis
LFPR
labor force participation rate
MBS
mortgage-backed securities
MMF
money market fund
MMLF
Money Market Mutual Fund Liquidity Facility
MSLP
Main Street Lending Program
OPEC
Organization of the Petroleum Exporting Countries
PCE
personal consumption expenditures
PDCF
Primary Dealer Credit Facility
PMCCF
Primary Market Corporate Credit Facility
PPP
Paycheck Protection Program
PPPLF
Paycheck Protection Program Liquidity Facility
RBA
Reserve Bank of Australia
R&D
research and development
repo
repurchase agreement
SBA
Small Business Administration
SLOOS
Senior Loan Officer Opinion Survey on Bank Lending Practices
SLR
supplementary leverage ratio
SMCCF
Secondary Market Corporate Credit Facility
TGA
Treasury General Account
TIPS
Treasury Inflation-Protected Securities
UI
unemployment insurance
VIX
implied volatility for the S&P 500 index
WTI
WTI
Back to Top
Last Update: June 12, 2020