system open market account (SOMA)


An account managed by the Federal Reserve Bank that contains assets acquired through the open market. The account consists of domestic securities and foreign currency portfolios. The domestic securities are U.S. treasuries, and the foreign currency portfolios include a variety of investments denominated in euros and yen. The SOMA can be used as a source of liquidity in an emergency. It also provides collateral for the liabilities on the Federal Reserve's balance sheet.
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System for Electronic Document Analysis and Retrieval systematic