To better contrast the difference between initial estimates and revised data, Chart 1 shows real-time estimates and the latest available revisions only and, making the simplifying assumption that data revised 3 years after the initial estimates are approximately correct, it displays revised data for the period up to spring 2002.  scenario that is considered most plausible, given the conditioning assumptions, for purposes of the central bank’s own internal assessment of the macroeconomic outlook.
Median daily number of unsecured wholesale borrowing transactions observed for U.S. dollar LIBOR panel banks  10  8  6  4  2  0  2017-Q1  2017-Q2 1-month LIBOR  2017-Q3 3-month LIBOR  2017-Q4 6-month LIBOR  2018-Q1  2018-Q2  1-year LIBOR  Note: Chart key describes bars in order from left to right for each quarter.