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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 10, 2016, pursuant to section 2B of the Federal Reserve Act

AFE advanced foreign economy
BHC bank holding company
CDS credit default swap
CMBS commercial mortgage-backed securities
CRE commercial real estate
EME emerging market economy
FOMC Federal Open Market Committee; also, the Committee
GDP gross domestic product
MBS mortgage-backed securities
ON RRP overnight reverse repurchase agreement
OPEC Organization of Petroleum Exporting Countries
PBOC People's Bank of China
PCE personal consumption expenditures
SEP Summary of Economic Projections
SLOOS Senior Loan Officer Opinion Survey on Bank Lending Practices
SOMA System Open Market Account

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Last update: February 10, 2016