The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
Percent 50 40 Figure 1: Primary Dealers’ Average Forecast Distribution about the Size of the SOMA Portfolio at the End of 2014 October January 30 20 10 0 <2500 2500 - 3000 3000 - 3500 3500 - 4000 4000 - 4500 4500 - 5000 $ Billions Source: Survey of Primary Dealers, Federal Reserve Bank of New York >5000 Percent 1.00 Figure 2: Primary Dealers’ Overall Policy Forecast Dispersion in Fed Funds Equivalents* (12 Months Ahead) Disagreement Uncertainty Including Balance Sheet 0.75 0.50 0.25 0.00 3/2007 10/2007 5/2008 12/2008 7/2009 2/2010 9/2010 4/2011 11/2011 6/2012 1/2013 *Dashed lines are measures for fed funds only; solid lines are overall policy uncertainty and disagreement. Source: Survey of Primary Dealer, Federal Reserve Bank of New York Figure 3: Daily Trading Volumes* $ Billions 450 Sept. FOMC 400 350 300 250 200 Treasury 150 MBS 100 01/01/12 05/01/12 *4-week moving averages of primary dealer volumes. Source: FR 2004 09/01/12 01/01/13 Figure 4: Daily Fails to Deliver* $ Billions 60 50 MBS Fails Charge Implemented Sept. FOMC MBS Treasury 40 30 20 10 0 01/01/12 05/01/12 09/01/12 *4-week moving averages of primary dealer fails to deliver. Source: FR 2004 01/01/13