On this score, the Bank, under the current policy framework, commits to continued expansion of the monetary base until the year-on-year rate of increase in the observed consumer price index (CPI) excluding fresh food exceeds 2 percent and stays above this target level in a stable manner.
An example is the Consolidated Reports of Condition and Income, or Call Reports, collected by the bank regulatory agencies from both national and state-chartered commercial banks. The content of the reporting forms is coordinated by the Federal Financial Institutions Examination Council, which includes representatives of both state and federal bank regulatory agencies.