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) |
|---|---|---|---|---|---|---|---|
| 2024:Q3 | 434 | -10.4 | 2,023 | -14.4 | 6.8 | 31.6 | 4,656 |
| 2024:Q2 | 485 | -2.1 | 2,363 | 12.4 | 7.7 | 37.5 | 4,873 |
| 2024:Q1 | 496 | 16.8 | 2,102 | 7.8 | 8.0 | 33.9 | 4,243 |
| 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.