The Federal Reserve is expected to purchase $220 billions in short-term Treasury bonds over the next 12 months.

ChainCatcher news, according to Golden Ten Data, a Federal Reserve survey shows that respondents expect the Fed's short-term Treasury purchases to total about $22 billion over the next 12 months. At the December meeting, Fed policymakers decided to start buying short-term Treasuries, believing that reserves in the financial system had fallen to a "moderately ample" level. The Fed stated it will purchase about $4 billion in short-term Treasuries each month and will conduct two more such operations in January.