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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 13, 2011, pursuant to section 2B of the Federal Reserve Act

ABS asset-backed securities
AFE advanced foreign economy
AIG American International Group, Inc.
ARRA American Recovery and Reinvestment Act
CBO Congressional Budget Office
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
ECB European Central Bank
EME emerging market economy
E&S equipment and software
EU European Union
FHA Federal Housing Administration
FOMC Federal Open Market Committee; also, the Committee
FRBNY Federal Reserve Bank of New York
G-7 Group of Seven (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States)
GDP gross domestic product
GSE government-sponsored enterprise
IMF International Monetary Fund
IT information technology
Libor London interbank offered rate
MBS mortgage-backed securities
MENA Middle East and North Africa
NIPA national income and product accounts
OTC over-the-counter
PCE personal consumption expenditures
REIT real estate investment trust
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
STBL Survey of Terms of Business Lending
TALF Term Asset-Backed Securities Loan Facility
TDF Term Deposit Facility
WTI West Texas Intermediate

Last update: July 13, 2011