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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 February 29, 2012, 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
CDS credit default swap
C&I commercial and industrial
CMBS commercial mortgage-backed securities
CP commercial paper
CRE commercial real estate
DPI disposable personal income
EBA European Banking Authority
ECB European Central Bank
EME emerging market economy
E&S equipment and software
FDIC Federal Deposit Insurance Corporation
FOMC Federal Open Market Committee; also, the Committee
FRBNY Federal Reserve Bank of New York
GDP gross domestic product
GSE government-sponsored enterprise
LIBOR London interbank offered rate
MEP maturity extension program
MBS mortgage-backed securities
NIPA national income and product accounts
OIS overnight index swap
PCE personal consumption expenditures
repo repurchase agreement
SCOOS Senior Credit Officer Opinion Survey on Dealer Financing Terms
SEP Summary of Economic Projections
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
S&P Standard and Poor's
SOMA    System Open Market Account
WTI West Texas Intermediate

Last update: February 29, 2012