What does POMO mean in Banking?

This page is about the meanings of the acronym/abbreviation/shorthand POMO in the Business field in general and in the Banking terminology in particular.

Permanent Open Market Operations

Federal Reserve purchase or sale of US treasures on the open market to add or drain reserves available to the banking system.

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What does POMO mean?

a member of an Indian people of northern California living along the Russian River valley and adjacent Pacific coast

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"POMO." Abbreviations.com. STANDS4 LLC, 2017. Web. 20 Aug. 2017. <http://www.abbreviations.com/term/605819>.