The most common types of collateral for CDOs are asset-backed and corporate securities and syndicated loans. CDOs backed by loans are referred to as collateralized loan obligations, or CLOs. The growth of CLOs has certainly had an effect on the market for syndicated loans. Of course, syndicated loans are not a new instrument. They have been around since the 1970s.
In this way, the structure of the FOMC mirrors the federalist structure of our government, because representatives from different regions of the country – the various presidents – have input into FOMC deliberations. At those eight meetings, the FOMC decides on the level of monetary stimulus for the economy.