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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 March 1, 2011, pursuant to section 2B of the Federal Reserve Act

ABS asset-backed securities
AIG American International Group, Inc.
ARRA American Recovery and Reinvestment Act
C&I commercial and industrial
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
ECI employment cost index
EME emerging market economy
EU European Union
FASB Financial Accounting Standards Board
FOMC Federal Open Market Committee; also, the Committee
FRBNY Federal Reserve Bank of New York
GDP gross domestic product
GSE government-sponsored enterprise
IMF International Monetary Fund
IRA individual retirement account
IT information technology
Libor London interbank offered rate
LLC limited liability company
MBS mortgage-backed securities
NFIB National Federation of Independent Business
NIPA national income and product accounts
NOW negotiable order of withdrawal
OMO open market operation
PCE personal consumption expenditures
repo repurchase agreement
RRP reverse repurchase agreement
SCOOS Senior Credit Officer Opinion Survey on Dealer Financing Terms
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
SOMA System Open Market Account
TALF Term Asset-Backed Securities Loan Facility
TARP Troubled Asset Relief Program
TDF Term Deposit Facility
WTI West Texas Intermediate

Last update: March 1, 2011