National Settlement Service (NSS) 1 - Quarterly Data Volume of Quarterly Volume of Value of Quarterly Average Average Average NSS entries volume growth NSS files total value daily number daily number daily settlement processed of NSS entries processed settlement2 growth of entries3 of files3 value3 Quarter (number) (percent) (number) ($ millions) (percent) (number) (number) ($ millions) 2012:Q4 166,134 (0.6) 2,213 4,158,463 5.3 2,680 36 67,072 62 2012:Q3 167,198 (1.2) 2,161 3,951,030 (1.8) 2,654 34 62,715 63 2012:Q2 169,284 5.6 2,148 4,023,149 1.8 2,645 34 62,862 64 2012:Q1 160,296 6.3 1,981 3,952,153 (3.2) 2,585 32 63,744 62 2011:Q4 150,799 (1.7) 1,938 4,081,481 1.4 2,472 32 66,910 61 2011:Q3 153,348 12.5 1,777 4,023,788 0.3 2,396 28 62,872 64 2011:Q2 136,257 4.1 1,639 4,012,612 10.8 2,129 26 62,697 64 2011:Q1 130,875 (0.3) 1,550 3,620,519 (0.8) 2,111 25 58,395 62 2010:Q4 131,273 (1.7) 1,651 3,650,293 3.7 2,084 26 57,941 63 2010:Q3 133,574 1.8 1,746 3,521,040 (7.6) 2,087 27 55,016 64 2010:Q2 131,195 6.3 1,779 3,811,187 7.5 2,050 28 59,550 64 2010:Q1 123,402 (2.4) 1,768 3,543,962 (6.2) 2,023 29 58,098 61 2009:Q4 126,501 (0.0) 2,154 3,776,213 (4.0) 2,040 35 60,907 62 2009:Q3 126,516 15.2 2,447 3,931,633 (6.4) 1,946 38 60,487 65 2009:Q2 109,815 8.8 2,758 4,201,439 (8.5) 1,716 43 65,647 64 2009:Q1 100,898 (7.0) 3,162 4,593,486 (19.8) 1,654 52 75,303 61 2008:Q4 108,499 (7.2) 3,466 5,727,058 10.6 1,750 56 92,372 62 2008:Q3 116,927 (3.7) 3,911 5,180,138 0.6 1,827 61 80,940 64 2008:Q2 121,366 (0.3) 3,960 5,149,462 5.0 1,896 62 80,460 64 2008:Q1 121,742 (1.8) 3,857 4,904,121 (0.0) 1,964 62 79,099 62 2007:Q4 123,975 (3.9) 4,018 4,906,564 (2.8) 2,000 65 79,138 62 2007:Q3 129,042 (0.2) 4,343 5,050,210 34.8 2,048 69 80,162 63 2007:Q2 129,332 5.5 4,467 3,745,071 137.6 2,021 70 58,517 64 2007:Q1 122,618 1.0 4,353 1,576,360 2.7 1,978 70 25,425 62 2006:Q4 121,380 2.3 4,363 1,535,112 9.2 1,958 70 24,760 62 2006:Q3 118,603 0.0 4,392 1,405,485 (5.3) 1,883 70 22,309 63 2006:Q2 118,548 6.1 4,366 1,484,414 4.7 1,852 68 23,194 64 2006:Q1 111,727 2.5 4,245 1,418,303 1.2 1,802 68 22,876 62 2005:Q4 109,036 (3.5) 4,181 1,401,858 (2.9) 1,787 69 22,981 61 2005:Q3 113,026 2.8 4,379 1,443,366 (0.7) 1,766 68 22,553 64 2005:Q2 109,922 1.5 4,333 1,454,057 7.7 1,718 68 22,720 64 2005:Q1 108,320 (1.5) 4,597 1,349,903 (1.9) 1,776 75 22,130 61 2004:Q4 109,926 0.0 4,982 1,375,761 6.5 1,745 79 21,837 63 2004:Q3 109,902 0.7 5,049 1,292,146 (6.5) 1,717 79 20,190 64 2004:Q2 109,150 3.4 5,160 1,382,206 14.0 1,705 81 21,597 64 2004:Q1 105,574 0.3 5,152 1,212,479 3.1 1,703 83 19,556 62 2003:Q4 105,302 (2.0) 5,249 1,176,142 (3.1) 1,698 85 18,970 62 2003:Q3 107,467 0.4 5,387 1,213,920 9.0 1,679 84 18,968 64 2003:Q2 107,026 4.0 5,390 1,113,482 12.0 1,672 84 17,398 64 2003:Q1 102,956 (1.6) 5,452 993,818 (4.9) 1,688 89 16,292 61 2002:Q4 104,673 (2.5) 5,711 1,045,346 7.2 1,688 92 16,860 62 2002:Q3 107,310 2.7 5,826 975,355 3.0 1,677 91 15,240 64 2002:Q2 104,513 5.7 5,804 946,643 6.5 1,633 91 14,791 64 2002:Q1 98,847 13.9 5,572 888,947 (0.5) 1,620 91 14,573 61 2001:Q4 86,790 12.0 4,877 893,758 18.9 1,400 79 14,415 62 2001:Q3 77,468 1.1 3,844 751,484 (8.4) 1,230 61 11,928 63 2001:Q2 76,652 12.1 3,761 820,160 31.9 1,198 59 12,815 64 2001:Q1 68,377 29.6 3,273 621,875 24.4 1,103 53 10,030 62 2000:Q4 52,777 12.5 2,347 499,756 15.6 851 38 8,061 62 2000:Q3 46,893 5.4 1,740 432,369 18.1 744 28 6,863 63 2000:Q2 44,476 4.9 1,423 366,016 30.7 695 22 5,719 64 2000:Q1 42,384 28.3 1,307 279,940 48.3 673 21 4,443 63 1999:Q4 33,036 261.9 959 188,760 662.5 524 15 2,996 63 1999:Q3 9,128 -- 112 24,756 -- 143 2 387 64 1NSS was implemented in March 1999, but customers did not fully convert from the local settlement service to NSS until year-end 2001. Therefore, data for 1999-2001 should be combined with the statistics identified for the local settlement sheet service to arrive at total net settlement activity. Data from 2002 and beyond represents total National Settlement Service activity. 2 Each file submitted to NSS contains a number of debit and credit entries which net to zero. The "settlement value" represented in these statistics includes the total dollar value (debits only) of settlement files processed through NSS. 3Based on the number of business days per period. Source: PACS data base: National Settlement Service - 98445($); 98443, 98444(#).