The Federal Reserve expects to purchase $220 billion in short-term Treasury securities over the next 12 months.

According to ChainCatcher, citing Jinshi, a Federal Reserve survey shows that respondents expect the Fed to purchase approximately $220 billion in short-term Treasury securities over the next 12 months. Fed policymakers decided to begin purchasing short-term Treasury securities at their December meeting, believing that reserves in the financial system had fallen to a "moderately ample" level. The Fed stated it will purchase approximately $40 billion in short-term Treasury securities per month and will conduct two more such operations in January.