Advertisement Upgrade to remove ads

Beige Book

a consolidated report of regional economic conditions in each of the 12 Fed Resv districts

Board of Govs

a body made up of 7 individual members AKA Fed Resv Board

Defensive Open Market Ops

ops that offset the impact of other conditions on the level of reserves

Discount Rate

the interest rate charged on Fed district bank loans to depository institutions

Dynamic Open Market Ops

ops implemented to increase or decrease the level of reserves

Fed Funds Rate

interest rate charged by banks on short-term loans to each other

Fed Open Market Committee (FOMC)

a body made up of 7 members of the Board of Govs and president of 5 district banks

Fed Resv District Bank

components of the Fed Resv System
Each bank is allowed to trade govt securities

Reserve Requirement Ratio

the proportion of depository institutions accounts that must be held in reserve

Policy Directive

the document passed from the FOMC to the Trading Desk stating the FOMC's decision on the target supply of money

Repurchase Agreement

the purchase of securities with an agreement to sell them back at a specified date in the near feature

Trading Desk (Open Market Desk)

open market operations are carried out here

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set