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Federal Reserve Board of Governors

National Settlement Service

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National Settlement Service (NSS)--Quarterly

 Note 1

Quarter Volume of NSS entries processed (number) Quarterly volume growth of NSS entries (percent) Volume of NSS files processed (number)  Value of total settlement2 ($ millions) Quarterly value growth (percent)  Average daily number of entries3 (number) Average daily number of files3 (number) Average daily settlement value3 ($ millions)
2012:Q4 166,134 (0.6) 2,213 4,158,463 5.3 2,680 36 67,072
2012:Q3 167,198 (1.2) 2,161 3,951,030 (1.8) 2,654 34 62,715
2012:Q2 169,284 5.6 2,148 4,023,149 1.8 2,645 34 62,862
2012:Q1 160,296 6.3 1,981 3,952,153 (3.2) 2,585 32 63,744
2011:Q4 150,799 (1.7) 1,938 4,081,481 1.4 2,472 32 66,910
2011:Q3 153,348 12.5 1,777 4,023,788 0.3 2,396 28 62,872
2011:Q2 136,257 4.1 1,639 4,012,612 10.8 2,129 26 62,697
2011:Q1 130,875 (0.3) 1,550 3,620,519 (0.8) 2,111 25 58,395
2010:Q4 131,273 (1.7) 1,651 3,650,293 3.7 2,084 26 57,941
2010:Q3 133,574 1.8 1,746 3,521,040 (7.6) 2,087 27 55,016
2010:Q2 131,195 6.3 1,779 3,811,187 7.5 2,050 28 59,550
2010:Q1 123,402 (2.4) 1,768 3,543,962 (6.2) 2,023 29 58,098
2009:Q4 126,501 (0.0) 2,154 3,776,213 (4.0) 2,040 35 60,907
2009:Q3 126,516 15.2 2,447 3,931,633 (6.4) 1,946 38 60,487
2009:Q2 109,815 8.8 2,758 4,201,439 (8.5) 1,716 43 65,647
2009:Q1 100,898 (7.0) 3,162 4,593,486 (19.8) 1,654 52 75,303
2008:Q4 108,499 (7.2) 3,466 5,727,058 10.6 1,750 56 92,372
2008:Q3 116,927 (3.7) 3,911 5,180,138 0.6 1,827 61 80,940
2008:Q2 121,366 (0.3) 3,960 5,149,462 5.0 1,896 62 80,460
2008:Q1 121,742 (1.8) 3,857 4,904,121 (0.0) 1,964 62 79,099
2007:Q4 123,975 (3.9) 4,018 4,906,564 (2.8) 2,000 65 79,138
2007:Q3 129,042 (0.2) 4,343 5,050,210 34.8 2,048 69 80,162
2007:Q2 129,332 5.5 4,467 3,745,071 137.6 2,021 70 58,517
2007:Q1 122,618 1.0 4,353 1,576,360 2.7 1,978 70 25,425
2006:Q4 121,380 2.3 4,363 1,535,112 9.2 1,958 70 24,760
2006:Q3 118,603 0.0 4,392 1,405,485 (5.3) 1,883 70 22,309
2006:Q2 118,548 6.1 4,366 1,484,414 4.7 1,852 68 23,194
2006:Q1 111,727 2.5 4,245 1,418,303 1.2 1,802 68 22,876
2005:Q4 109,036 (3.5) 4,181 1,401,858 (2.9) 1,787 69 22,981
2005:Q3 113,026 2.8 4,379 1,443,366 (0.7) 1,766 68 22,553
2005:Q2 109,922 1.5 4,333 1,454,057 7.7 1,718 68 22,720
2005:Q1 108,320 (1.5) 4,597 1,349,903 (1.9) 1,776 75 22,130
2004:Q4 109,926 0.0 4,982 1,375,761 6.5 1,745 79 21,837
2004:Q3 109,902 0.7 5,049 1,292,146 (6.5) 1,717 79 20,190
2004:Q2 109,150 3.4 5,160 1,382,206 14.0 1,705 81 21,597
2004:Q1 105,574 0.3 5,152 1,212,479 3.1 1,703 83 19,556
2003:Q4 105,302 (2.0) 5,249 1,176,142 (3.1) 1,698 85 18,970
2003:Q3 107,467 0.4 5,387 1,213,920 9.0 1,679 84 18,968
2003:Q2 107,026 4.0 5,390 1,113,482 12.0 1,672 84 17,398
2003:Q1 102,956
  		(1.6) 5,452
  		993,818
  		(4.9) 1,688
  		89
  		16,292
2002:Q4 104,673 (2.5) 5,711 1,045,346 7.2 1,688 92 16,860
2002:Q3 107,310 2.7 5,826 975,355 3.0 1,677 91 15,240
2002:Q2 104,513 5.7 5,804 946,643 6.5 1,633 91 14,791
2002:Q1 98,847 13.9 5,572 888,947 (0.5) 1,620 91 14,573
2001:Q4 86,790 12.0 4,877 893,758 18.9 1,400 79 14,415
2001:Q3 77,468 1.1 3,844 751,484 (8.4) 1,230 61 11,928
2001:Q2 76,652 12.1 3,761 820,160 31.9 1,198 59 12,815
2001:Q1 68,377 29.6 3,273 621,875 24.4 1,103 53 10,030
2000:Q4 52,777 12.5 2,347 499,756 15.6 851 38 8,061
2000:Q3 46,893 5.4 1,740 432,369 18.1 744 28 6,863
2000:Q2 44,476 4.9 1,423 366,016 30.7 695 22 5,719
2000:Q1 42,384 28.3 1,307 279,940 48.3 673 21 4,443
1999:Q4 33,036 261.9 959 188,760 662.5 524 15 2,996
1999:Q3 9,128 --- 112 24,756 --- 143 2 387

 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 26, 2013