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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 21, 2010, pursuant to section 2B of the Federal Reserve Act

ABS asset-backed securities
AIG American International Group, Inc.
ARRA American Recovery and Reinvestment Act
CDS credit default swap
C&I commercial and industrial
CLO collateralized loan obligation
CMBS commercial mortgage-backed securities
CRE commercial real estate
Credit CARD Act Credit Card Accountability Responsibility and Disclosure Act
DPI disposable personal income
ECB European Central Bank
E&S equipment and software
FAS Financial Accounting Standards
FOMC Federal Open Market Committee; also, the Committee
GDP gross domestic product
GSE government-sponsored enterprise
IMF International Monetary Fund
IOER interest on excess reserves
IRA individual retirement account
IT information technology
Libor London interbank offered rate
LLC limited liability company
MBS mortgage-backed securities
NIPA national income and product accounts
NOW negotiable order of withdrawal
OIS overnight index swap
OTC over the counter
PCE personal consumption expenditures
RRP reverse repurchase agreement
SCOOS Senior Credit Officer Opinion Survey on Dealer Financing Terms
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
TAF Term Auction Facility
TALF Term Asset-Backed Securities Loan Facility
TARP Troubled Asset Relief Program
TDF Term Deposit Facility
TIPS Treasury inflation-protected securities

Last update: July 21, 2010