Government Checks Processed by the Federal Reserve

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

                                                Average    Average
                                                 daily      daily     Average
          Volume   Volume    Value     Value    volume      value    value per
         (millions percent (billions  percent  (millions  (billions    check
  Year   of items) change  of dollars change   of items) of dollars) (dollars)
  2023      40      -12.8     286      29.5       0.2        1.1       7,190
  2022      46      -65.1     221      -19.0      0.2        0.9       4,838
  2021     131      56.6      273      32.4       0.5        1.1       2,085
  2020      83      61.7      206      37.9       0.3        0.8       2,467
  2019      52      -3.0      149       0.8       0.2        0.6       2,893
  2018      53      -5.2      148       1.8       0.2        0.6       2,784
  2017      56      -3.3      146      -4.5       0.2        0.6       2,595
  2016      58      -2.6      152       6.0       0.2        0.6       2,625
  2015      60      -4.8      144       1.7       0.2        0.6       2,413
  2014      63      -24.5     141      -8.5       0.2        0.6       2,259
  2013      83      -31.4     155      -22.4      0.3        0.6       1,864
  2012     121      -23.9     199      -17.6      0.5        0.8       1,649
  2011     159      -14.2     242      -17.3      0.6        1.0       1,523
  2010     185      -8.4      292      -6.2       0.7        1.2       1,580
  2009     202      -25.1     312      -1.6       0.8        1.2       1,544
  2008     269      26.1      317      23.2       1.1        1.3       1,175
  2007     214      -3.6      257      -4.5       0.9        1.0       1,203
  2006     222       2.7      269       6.7       0.9        1.1       1,214
  2005     216      -7.8      252      -9.2       0.9        1.0       1,168
  2004     234      -12.3     278      -9.9       0.9        1.1       1,186
  2003     267      -7.7      308       0.1       1.1        1.2       1,154
  2002     289      -16.3     308      -7.9       1.2        1.2       1,063
  2001     346      32.0      334      18.1       1.4        1.3        965
  2000     262      -9.1      283      -7.6       1.0        1.1       1,079
  1999     288      -10.3     306      -10.9      1.1        1.2       1,062
  1998     321      -14.9     344      -14.5      1.3        1.4       1,070
  1997     378      -13.3     402      -13.1      1.5        1.6       1,064
  1996     436      -5.4      463      -5.6       1.7        1.8       1,062
  1995     460      -2.0      490      -2.8       1.8        2.0       1,065
  1994     470      -2.1      504      -5.6       1.9        2.0       1,074
  1993     480      -2.7      534      -9.2       1.9        2.1       1,114
  1992     493      -2.0      588      -3.6       1.9        2.3       1,193
  1991     503      -8.0      610      -2.1       2.0        2.4       1,213
  1990     547       1.1      623      -1.9       2.2        2.5       1,139
  1989     541      -1.1      635       4.4       2.2        2.5       1,174

1Values are subject to minor changes based on revisions to underlying data.