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Federal Reserve Board of Governors

National Settlement Service

Other Formats

National Settlement Service (NSS)--Annual

 Note 1

Year Volume of NSS entries processed (number) Annual volume growth of NSS entries (percent) Volume of NSS files processed (number)  Value of total settlement2 ($ millions) Annual value growth (percent)  Average daily number of entries3 (number) Average daily number of files3 (number) Average daily settlement value3 ($ millions)
2013 725,082 9.4 10,152 17,281,065 7.4 2,889 40 68,849
2012 662,912 16.0 8,503 16,084,794 2.2 2,641 34 64,083
2011 571,279 10.0 6,904 15,738,400 8.3 2,276 28 62,703
2010 519,444 12.0 6,944 14,526,482 (12.0) 2,061 28 57,645
2009 463,730 (1.0) 10,521 16,502,771 (21.3) 1,840 42 65,487
2008 468,534 (7.2) 15,194 20,960,779 37.2 1,859 60 83,178
2007 504,967 7.4 17,181 15,278,205 161.5 2,012 68 60,869
2006 470,258 6.8 17,366 5,843,314 3.4 1,874 69 23,280
2005 440,304 1.3 17,490 5,649,184 7.3 1,754 70 22,507
2004 434,552 2.8 20,343 5,262,592 17.0 1,718 80 20,801
2003 422,751 1.8 21,478 4,497,362 16.6 1,684 86 17,918
2002 415,343 34.3 22,913 3,856,291 24.9 1,655 91 15,364
2001 309,287 65.8 15,755 3,087,277 95.6 1,232 63 12,300
2000 186,530 342.4 6,817 1,578,081 639.1 740 27 6,262
1999 42,164 --- 1,071 213,516 --- 167 4 847

 1. NSS 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. Return to text

 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. Return to table

 3. Based on the number of business days per period. Return to table

Source: PACS data base: National Settlement Service - 98445($); 98443, 98444(#).

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Last update: February 19, 2014