Aggregated results will be available on Bank’s website the day after FOMC meeting minutes are published
NEW YORK – The Federal Reserve Bank of New York has posted aggregated results from its December 2011 survey of primary dealers. The results are now available on the Primary Dealers section of the Bank’s website as part of the New York Fed’s ongoing efforts to increase transparency.
The New York Fed announced last month that it would post primary dealer survey questions on the same day they are sent to the dealers and that aggregated results would follow. Going forward, these results will be posted on a regular basis on the Bank’s website one day after minutes of FOMC meetings are made public.
About the Primary Dealer Surveys
In advance of each FOMC meeting, a survey prepared by the New York Fed’s Markets Group is sent to the Bank’s primary dealers. The survey questions are based only on topics widely discussed in public, including in FOMC statements, meeting minutes and remarks by FOMC members. FOMC members are not consulted in the formulation of survey questions.
The survey, in conjunction with analysis of market prices, helps the FOMC to evaluate what the market is anticipating in terms of the outlook for the economy, monetary policy and financial markets. This information, combined with information from other sources such as the Beige Book survey of regional economic conditions and the Senior Loan Officer Opinion Survey of lending conditions, helps the FOMC make informed judgments as to how best to advance the mandate given to it by Congress to promote full employment and price stability. The survey does not in any way dictate the policy actions taken by the FOMC.