Government Automated Clearinghouse Transactions Processed by 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
transaction
(dollars)
2023:Q4 424 7.2 1,951 3.4 6.8 31.5 4,596
2023:Q3 396 -9.2 1,887 -13.2 6.3 30.0 4,765
2023:Q2 436 -3.5 2,173 9.1 6.9 34.5 4,982
2023:Q1 452 17.9 1,991 10.0 7.3 32.1 4,406
2022:Q4 383 -0.8 1,810 -0.4 6.3 29.7 4,721
2022:Q3 387 -11.2 1,816 -21.4 6.0 28.4 4,699
2022:Q2 435 -1.1 2,311 18.3 6.9 36.7 5,307
2022:Q1 440 -7.5 1,954 5.1 7.1 31.5 4,438
2021:Q4 476 -2.1 1,858 -4.3 7.6 29.5 3,904
2021:Q3 486 6.9 1,943 -13.2 7.6 30.4 3,996
2021:Q2 455 -16.1 2,237 7.5 7.1 35.0 4,920
2021:Q12 542 10.9 2,081 21.6 8.9 34.1 3,838
2020:Q4 489 21.5 1,711 -2.3 7.4 25.9 3,500
2020:Q3 402 -23.1 1,751 -4.5 6.3 27.4 4,352
2020:Q2 523 12.8 1,833 17.7 8.2 28.6 3,502
2020:Q1 464 8.8 1,558 10.1 7.5 25.1 3,359
2019:Q4 426 6.1 1,415 3.3 6.9 22.8 3,321
2019:Q3 402 -6.1 1,371 -9.3 6.3 21.4 3,414
2019:Q2 427 -4.8 1,512 1.5 6.7 23.6 3,536
2019:Q1 449 7.4 1,489 11.0 7.4 24.4 3,317
2018:Q4 418 11.4 1,342 4.2 6.7 21.6 3,210
2018:Q3 375 -11.0 1,288 -9.6 6.0 20.4 3,432
2018:Q2 422 -7.0 1,424 -2.5 6.6 22.3 3,378
2018:Q1 453 15.5 1,461 12.3 7.3 23.6 3,225
2017:Q4 392 2.7 1,302 1.7 6.4 21.3 3,318
2017:Q3 382 -7.1 1,280 -6.3 6.1 20.3 3,351
2017:Q2 411 -7.4 1,366 -4.0 6.4 21.3 3,323
2017:Q1 444 16.1 1,423 12.4 7.2 22.9 3,204
2016:Q4 382 1.4 1,265 2.0 6.3 20.7 3,309
2016:Q3 377 -5.9 1,241 -5.0 5.9 19.4 3,290
2016:Q2 401 -7.5 1,307 -5.3 6.3 20.4 3,258
2016:Q1 434 16.5 1,380 13.3 7.0 22.3 3,182
2015:Q4 372 -4.0 1,217 -0.4 6.0 19.6 3,271
2015:Q3 388 2.1 1,222 -3.8 6.1 19.1 3,152
2015:Q2 380 -9.3 1,269 -5.7 5.9 19.8 3,345
2015:Q1 418 12.9 1,345 12.6 6.9 22.1 3,216
2014:Q4 371 2.3 1,195 1.6 6.0 19.3 3,225
2014:Q3 362 -5.8 1,177 -3.4 5.7 18.4 3,248
2014:Q2 385 -3.4 1,219 -4.9 6.0 19.0 3,167
2014:Q1 398 9.3 1,282 13.2 6.5 21.0 3,217
2013:Q4 365 3.4 1,133 0.9 5.9 18.3 3,106
2013:Q3 353 -3.2 1,122 -6.2 5.5 17.5 3,184
2013:Q2 364 -5.5 1,197 -5.2 5.7 18.7 3,286
2013:Q1 386 12.1 1,263 11.4 6.3 20.7 3,276
2012:Q4 344 9.2 1,133 5.0 5.5 18.3 3,295
2012:Q3 315 -7.4 1,079 -6.5 5.0 17.1 3,426
2012:Q2 340 -11.1 1,154 -7.2 5.3 18.0 3,391
2012:Q1 383 23.1 1,243 18.0 6.2 20.1 3,250
2011:Q4 311 -0.2 1,054 -1.2 5.1 17.3 3,389
2011:Q3 311 -3.9 1,067 -7.9 4.9 16.7 3,424
2011:Q2 324 -9.4 1,158 -7.9 5.1 18.1 3,571
2011:Q1 358 22.7 1,257 18.3 5.8 20.3 3,511
2010:Q4 292 0.5 1,062 -0.4 4.6 16.9 3,641
2010:Q3 290 -5.0 1,066 -5.6 4.5 16.7 3,672
2010:Q2 306 -8.7 1,129 -3.5 4.8 17.6 3,696
2010:Q1 335 21.4 1,170 13.3 5.5 19.2 3,497
2009:Q4 276 1.5 1,033 2.7 4.4 16.7 3,746
2009:Q3 272 -20.8 1,006 -10.2 4.2 15.5 3,706
2009:Q2 343 12.6 1,121 -1.5 5.4 17.5 3,268
2009:Q1 305 12.7 1,138 16.2 5.0 18.6 3,735
2008:Q4 270 3.3 979 4.7 4.4 15.8 3,622
2008:Q3 262 -16.8 935 -12.0 4.1 14.6 3,573
2008:Q2 315 10.1 1,062 2.9 4.9 16.6 3,375
2008:Q1 286 9.3 1,032 12.1 4.6 16.6 3,611
2007:Q4 261 13.3 921 5.2 4.2 14.9 3,524
2007:Q3 231 -10.0 875 -8.9 3.7 13.9 3,794
2007:Q2 256 -8.0 961 0.2 4.0 15.0 3,748
2007:Q1 279 16.1 960 11.4 4.5 15.5 3,442
2006:Q4 240 3.3 861 4.5 3.8 13.5 3,588
2006:Q3 232 -6.6 824 -6.2 3.6 12.9 3,544
2006:Q2 249 -7.9 878 -3.6 3.9 13.7 3,528
2006:Q1 270 15.7 911 13.7 4.2 14.2 3,372
2005:Q4 234 2.3 801 7.0 3.7 12.5 3,429
2005:Q3 228 -4.8 749 -5.5 3.6 11.7 3,280
2005:Q2 240 -8.8 792 -2.7 3.7 12.4 3,305
2005:Q1 263 15.1 814 12.4 4.1 12.7 3,100
2004:Q4 228 2.4 725 4.9 3.6 11.3 3,174
2004:Q3 223 -4.6 691 -5.7 3.5 10.8 3,100
2004:Q2 234 -8.8 733 -4.2 3.7 11.8 3,136
2004:Q1 256 12.2 765 8.2 4.0 12.3 2,986
2003:Q4 228 2.3 706 4.0 3.6 11.4 3,093
2003:Q3 223 -3.5 679 -4.4 3.5 10.6 3,042
2003:Q2 231 0.1 711 -0.5 3.6 11.1 3,072
2003:Q1 231 1.9 714 4.2 3.8 11.7 3,091
2002:Q4 227 6.5 686 6.8 3.7 11.1 3,025
2002:Q3 213 -0.3 642 3.3 3.3 10.0 3,016
2002:Q2 213 -7.3 676 -4.6 3.3 10.6 3,166
2002:Q1 230 3.4 708 9.7 3.8 11.6 3,076
2001:Q4 223 -5.8 645 13.0 3.6 10.4 2,899
2001:Q3 236 12.4 571 -11.9 3.8 9.1 2,417
2001:Q2 210 -8.9 649 -2.1 3.3 10.1 3,084
2001:Q1 231 14.9 663 9.9 3.7 10.7 2,871
2000:Q4 201 -2.2 603 5.1 3.2 9.7 2,995
2000:Q3 206 -1.2 573 -6.3 3.3 9.1 2,786
2000:Q2 208 -6.6 612 -0.7 3.3 9.6 2,939
2000:Q1 223 12.4 616 7.6 3.5 9.8 2,764
1999:Q4 198 0.0 573 3.8 3.1 9.1 2,889
1999:Q3 198 -0.9 552 -1.5 3.1 8.6 2,785
1999:Q2 200 -5.4 561 2.6 3.1 8.8 2,802
1999:Q1 212 10.7 547 2.9 3.5 9.0 2,585
1998:Q4 191 1.9 532 10.4 3.1 8.6 2,781
1998:Q3 188 -6 482 -4.2 2.9 7.4 2,566
1998:Q2 200 14.1 502 6.3 3.1 7.9 2,517
1998:Q1 175 -7.1 473 3.5 2.9 7.7 2,702
1997:Q4 188 22.5 456 17.2 3.0 7.4 2,426
1997:Q3 154 -8.1 390 2.1 2.4 6.1 2,536
1997:Q2 167 -0.8 382 7.9 2.6 6.0 2,283
1997:Q1 168 7.6 354 13.7 2.8 5.8 2,100
1996:Q4 157 2.4 311 -0.6 2.5 5.0 1,988
1996:Q3 153 -3.8 313 -2.8 2.4 4.9 2,047
1996:Q2 159 1.3 322 5.8 2.5 5.0 2,027
1996:Q1 157 3.6 304 8.5 2.5 4.9 1,940
1995:Q4 151 2.5 280 2.0 2.4 4.5 1,851
1995:Q3 148 -1.2 275 -4.8 2.3 4.4 1,861
1995:Q2 150 -0.4 289 5.9 2.3 4.5 1,933
1995:Q1 150 4.6 273 13.4 2.4 4.4 1,819
1994:Q4 144 1.8 241 3.8 2.4 3.9 1,677
1994:Q3 141 -2.6 232 -2.7 2.2 3.6 1,645
1994:Q2 145 -0.1 238 0.2 2.3 3.7 1,648
1994:Q1 145 3.8 238 8.4 2.3 3.8 1,643
1993:Q4 140 2.9 219 3.3 2.2 3.5 1,572
1993:Q3 136 -0.7 213 -7.5 2.1 3.3 1,567
1993:Q2 137 -4.2 230 3.0 2.1 3.6 1,682
1993:Q1 143 7.0 223 4.9 2.3 3.7 1,564
1992:Q4 133 1.6 213 -1.3 2.2 3.4 1,595
1992:Q3 131 1.0 216 -3.9 2.0 3.3 1,642
1992:Q2 130 -4.5 224 8.4 2.0 3.5 1,727
1992:Q1 136 0.1 207 16.0 2.2 3.3 1,521
1991:Q4 136 5.3 178 -0.6 2.2 2.8 1,312
1991:Q3 129 2.7 180 -4.8 2.0 2.8 1,390
1991:Q2 126 -3.6 189 6.8 2.0 3.0 1,500
1991:Q1 130 6.4 177 29.5 2.1 2.9 1,354
1990:Q4 123 0.3 136 11.3 2.0 2.2 1,113
1990:Q3 122 -9.9 123 4.1 1.9 1.9 1,003
1990:Q2 136 -2.4 118 7.0 2.1 1.8 868
1990:Q1 139 22.2 110 3.5 2.2 1.8 791
1989:Q4 114 2.5 106 9.5 1.8 1.7 934
1989:Q3 111 2.9 97 2.8 1.8 1.5 874
1989:Q2 108 -0.1 94 0.5 1.7 1.5 875
1989:Q1 108 2.9 94 n.a. 1.7 1.5 869

Footnotes

1. Data are updated quarterly. Values are subject to minor changes based on revisions to underlying data. Return to text.

2. Prior to Q1 2021 reported "Average daily volumes" and "Average daily value" in the above data are based on the Federal Reserve Board of Governors’ holiday schedule. Beginning in Q1 2021, reported "Average daily volumes" and "Average daily value" are based on Federal Reserve Financial Services holiday schedule. Return to text.

n.a. Not available.

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Last Update: February 05, 2024