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The FOMC meeting minutes: An update of counting words, Accessible Data

Chart 1. Total quantitative words, FOMC minutes, 2005-2016
Year Consensus Most/Majority Many Some Several Few One/Couple/Two Total
2005 108 6 9 16 7 4 2 152
2006 116 15 11 24 17 1 5 189
2007 185 11 5 20 14 0 1 236
2008 152 24 13 40 22 8 3 262
2009 180 32 21 50 24 10 8 325
2010 174 34 21 25 24 21 15 314
2011 200 37 22 57 33 37 29 415
2012 163 33 36 48 50 48 73 451
2013 164 26 23 47 35 52 90 437
2014 179 51 29 45 43 36 78 461
2015 240 35 37 62 43 36 46 499
2016 236 48 40 83 73 41 42 563

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Chart 2. Quantitative words as a share of total words, annual average
Year Average Words/WordCount
2005 0.46%
2006 0.54%
2007 0.57%
2008 0.52%
2009 0.54%
2010 0.55%
2011 0.68%
2012 0.75%
2013 0.68%
2014 0.69%
2015 0.73%
2016 0.74%

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Chart 3. Shares of counting words in total, FOMC participants (upper)
Year Consensus Most/Majority Many Some Several Few One/Couple/Two Total
2005 53 3 8 9 7 3 2 85
2006 74 11 9 18 14 1 3 130
2007 126 10 3 19 14 0 1 173
2008 102 13 13 33 20 7 2 190
2009 123 30 21 48 20 9 2 253
2010 115 29 20 20 22 17 7 230
2011 134 27 21 53 31 24 23 313
2012 90 27 30 42 42 42 59 332
2013 87 24 17 42 32 46 72 320
2014 87 50 25 43 43 35 67 350
2015 108 28 32 55 37 36 36 332
2016 122 38 36 72 66 37 29 400
Chart 3. Shares of counting words in total, FOMC members (lower)
Year Consensus Most/Majority Many Some Several Few One/Couple/Two Total
2005 55 3 1 7 0 1 0 67
2006 42 4 2 6 3 0 2 59
2007 59 1 2 1 0 0 0 63
2008 50 11 0 7 2 1 1 72
2009 57 2 0 2 4 1 6 72
2010 59 5 1 5 2 4 8 84
2011 66 10 1 4 2 13 6 102
2012 73 6 6 6 8 6 14 119
2013 77 2 6 5 3 6 18 117
2014 92 1 4 2 0 1 11 111
2015 132 7 5 7 6 0 10 167
2016 114 10 4 11 7 4 13 163

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Last Update: August 03, 2017