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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 24, 2015, pursuant to section 2B of the Federal Reserve Act

AFE advanced foreign economy
BHC bank holding company
BOJ Bank of Japan
CDS credit default swap
C&I commercial and industrial
ECB European Central Bank
ECI employment cost index
E&I equipment and intangibles
EME emerging market economy
FOMC Federal Open Market Committee; also, the Committee
GDP gross domestic product
IOER interest on excess reserves
MBS mortgage-backed securities
ON RRP overnight reverse repurchase agreement
OPEC Organization of the Petroleum Exporting Countries
PCE personal consumption expenditures
RRP reverse repurchase agreement
SEP Summary of Economic Projections
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
SOMA System Open Market Account
S&P Standard & Poor's

Last update: February 24, 2015