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A Proposal for the Resolution of Systemically Important Assets and ...

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Figure7:QuarterlyAverages<strong>of</strong>DailyFinancingbyU.S.GovernmentSecuritiesPrimary<br />

Dealers,20062011<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

<br />

Trillions<strong>of</strong>Dollars<br />

8<br />

7<br />

6<br />

5<br />

4<br />

3<br />

2<br />

1<br />

ReverseRepo<br />

Repo<br />

0<br />

2006Q1<br />

<br />

2007Q1 2008Q1 2009Q1 2010Q1 2011Q1<br />

Source:SecuritiesIndustry<strong>and</strong>FinancialMarketsAssociation.<br />

<br />

45

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