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Commercial Checks Collected through the Federal Reserve--Quarterly Data

The daily average volume and average daily value of items are based on the number of business days in each quarter.1 

Quarter Volume
(millions
of items)
Volume
percent
change
Value
(billions
of dollars)
Value
percent
change
Average daily
volume
(millions
of items)
Average daily
value
(billions
of dollars)
Average value
per check
(dollars)
2014:Q2 1,468 4.9 2,178 15.5 22.9 34.0 1,483
2014:Q1 1,400 -5.7 1,886 -1.9 22.9 30.9 1,348
2013:Q4 1,484 0.2 1,922 -2.1 23.9 31.0 1,295
2013:Q3 1,481 -3.1 1,964 -7.4 23.1 30.7 1,326
2013:Q2 1,528 2.3 2,122 8.6 23.9 33.2 1,388
2013:Q1 1,495 -6.9 1,953 -2.9 24.5 32.0 1,307
2012:Q4 1,605 -0.2 2,012 2.6 25.9 32.4 1,253
2012:Q3 1,609 -6.0 1,960 -8.6 25.5  31.1  1,218
2012:Q2 1,712 0.9  2,144  6.7 26.7  33.5  1,252
2012:Q1 1,696 -3.7 2,010 0.4 27.4 32.4 1,185
2011:Q4 1,762 9.0 2,002 1.3 28.9 32.8 1,137
2011:Q3 1,617 -5.1 1,976 -1.1 25.3 30.9 1,222
2011:Q2 1,703 0.2 1,998 1.5 26.6 31.2 1,173
2011:Q1 1,699 -7.8 1,968 -7.4 27.4 31.7 1,159
2010:Q4 1,842 -0.8 2,125 0.0 29.2 33.7 1,154
2010:Q3 1,857 -8.2 2,126 -6.2 29.0 33.2 1,145
2010:Q2 2,022 1.5 2,266 -1.2 31.6 35.4 1,121
2010:Q1 1,992 -5.9 2,294 -8.2 32.7 37.6 1,152
2009:Q4 2,118 2.0 2,498 -3.2 34.2 40.3 1,180
2009:Q3 2,075 -7.3 2,580 -3.9 31.9 39.7 1,243
2009:Q2 2,238 3.9 2,684 3.1 35.0 41.9 1,199
2009:Q1 2,154 -8.8 2,604 -13.6 35.3 42.7 1,209
2008:Q4 2,361 -0.9 3,012 -13.6 38.1 48.6 1,276
2008:Q3 2,381 -1.7 3,488 -2.6 37.2 54.5 1,465
2008:Q2 2,422 1.7 3,583 -2.6 37.8 56.0 1,479
2008:Q1 2,381 -4.4 3,677 -4.8 38.4 59.3 1,544
2007:Q4 2,489 2.7 3,863 -0.2 40.1 62.3 1,552
2007:Q3 2,424 -4.8 3,869 -6.2 38.5 61.4 1,596
2007:Q2 2,547 0.2 4,124 2.0 39.8 64.4 1,619
2007:Q1 2,541 -3.5 4,043 0.1 41.0 65.2 1,591
2006:Q4 2,633 -2.1 4,037 -3.7 42.5 65.1 1,533
2006:Q3 2,690 -6.1 4,191 -1.0 42.7 66.5 1,558
2006:Q2 2,863 -1.2 4,232 6.3 44.7 66.1 1,478
2006:Q1 2,897 -2.9 3,983 -0.5 46.7 64.2 1,375
2005:Q4 2,982 0.0 4,001 -1.6 48.9 65.6 1,342
2005:Q3 2,982 -4.7 4,066 2.5 46.6 63.5 1,364
2005:Q2 3,128 -0.2 3,966 8.6 48.9 62.0 1,268
2005:Q1 3,136 -3.9 3,651 3.5 50.6 58.9 1,164
2004:Q4 3,262 -3.9  3,527 -1.4 51.8 56.0 1,081
2004:Q3 3,394 -5.5  3,579 -3.2 53.0 55.9 1,054
2004:Q2 3,593 -1.7  3,695 6.1 56.0 58.0 1,029
2004:Q1 3,656 -5.3  3,484 -5.1 58.6 55.9 953
2003:Q4 3,859 -0.7  3,672 -8.9 62.0 59.0 952
2003:Q3 3,887 -4.2  4,031 1.2 61.0 63.0 1,037
2003:Q2 4,058 1.4 3,983 6.3 63.0 62.0 981
2003:Q1 4,001 -4.6   3,745 -4.4 63.0 61.0 936
2002:Q4 4,193 1.9 3,918 3.2 68.0 63.0 934
2002:Q3 4,114 -2.2  3,798 0.8 64.0 59.0 923
2002:Q2 4,208 3.4 3,768 6.2 66.0 59.0 895
2002:Q1 4,071 -2.7  3,548 -5.6 67.0 58.0 872
2001:Q4 4,183 0.5 3,757 1.7 67.0 61.0 898
2001:Q3 4,164 -3.3  3,694 -4.6 66.0 59.0 887
2001:Q2 4,307 1.3 3,870 9.6 67.0 60.0 899
2001:Q1 4,251 -0.6  3,531 2.2 69.0 57.0 831
2000:Q4 4,276 2.2 3,456 0.9 69.0 56.0 808
2000:Q3 4,185 -3.3  3,426 -3.9 66.0 54.0 819
2000:Q2 4,328 3.0 3,566 4.9 68.0 56.0 824
2000:Q1 4,204 -4.0   3,400 -2.4 67.0 54.0 809
1999:Q4 4,381 4.1 3,483 2.7 70.0 55.0 795
1999:Q3 4,207 -2.2  3,390 -4.4 66.0 53.0 806
1999:Q2 4,304 2.9 3,547 5.3 67.0 55.0 824
1999:Q1 4,182 -3.1  3,369 -0.1 69.0 55.0 805
1998:Q4 4,316 5.2 3,373 10.3 70.0 54.0 781
1998:Q3 4,102 -1.2   3,057 -6.7 63.0 47.0 745
1998:Q2 4,152 3.7 3,276 -3.1 65.0 51.0 789
1998:Q1 4,004 -3.8  3,379 6.1 66.0 55.0 844
1997:Q4 4,162 3.8 3,185 1.9 67.0 51.0 765
1997:Q3 4,009 0.6 3,128 2.0 63.0 49.0 780
1997:Q2 3,985 5.0 3,068 10.1 62.0 48.0 770
1997:Q1 3,793 -4.2  2,787 -4.4 62.0 46.0 735
1996:Q4 3,958 2.9 2,916 2.0 64.0 47.0 737
1996:Q3 3,847 -1.1  2,860 -3.6 60.0 45.0 743
1996:Q2 3,889 2.5 2,966 4.3 61.0 46.0 763
1996:Q1 3,793 -2.0   2,843 -2.3 61.0 46.0 750
1995:Q4 3,870 2.8 2,911 1.8 62.0 47.0 752
1995:Q3 3,764 -4.2   2,858 -2.9 60.0 45.0 759
1995:Q2 3,929 0.7 2,943 2.9 61.0 46.0 749
1995:Q1 3,903 -2.6   2,859 -1.5 63.0 46.0 733
1994:Q4 4,007 0.3 2,904 0.1 66.0 48.0 725
1994:Q3 3,996 -4.6  2,901 -5.5 62.0 45.0 726
1994:Q2 4,188 -2.3  3,072 -4.1 65.0 48.0 733
1994:Q1 4,288 -11.2    3,203 -12.7 69.0 52.0 747
1993:Q4 4,831 3.2 3,671 5.0 77.0 58.0 760
1993:Q3 4,684 -2.7   3,496 -2.5 73.0 55.0 746
1993:Q2 4,816 2.9 3,587 8.5 75.0 56.0 745
1993:Q1 4,678 -4.0   3,307 -3.2 77.0 54.0 707
1992:Q4 4,873 3.7 3,416 4.2 79.0 55.0 701
1992:Q3 4,698 -1.8   3,278 -2.3 72.0 50.0 698
1992:Q2 4,784 1.8 3,354 5.0 75.0 52.0 701
1992:Q1 4,699 -2.7   3,194 2.9 76.0 52.0 680
1991:Q4 4,831 3.6 3,104 1.7 77.0 49.0 643
1991:Q3 4,662 -0.9   3,054 -1.5 73.0 48.0 655
1991:Q2 4,706 3.6 3,100 6.3 75.0 49.0 659
1991:Q1 4,544 -4.6   2,915 -6.4 74.0 48.0 642
1990:Q4 4,762 4.6 3,115 1.1 77.0 50.0 654
1990:Q3 4,552 -3.0   3,079 -5.3 72.0 49.0 676
1990:Q2 4,691 2.2 3,252 5.9 73.0 51.0 693
1990:Q1 4,590 0.0 3,071 -0.6 74.0 50.0 669
1989:Q4 4,592 3.7 3,091 2.3 74.0 50.0 673
1989:Q3 4,428 -2.9   3,020 -5.7 70.0 48.0 682
1989:Q2 4,558 2.7 3,204 6.3 71.0 50.0 703
1989:Q1 4,436 0.7 3,014 2.2 72.0 49.0 679

Footnotes

1. Data are updated quarterly. Values are subject to minor changes based on adjustments. Data will be adjusted to reflect actual values as needed. Return to text.

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Last update: August 8, 2014