Data: Average Daylight Overdrafts--Quarterly
(in billions of dollars)
| Date | Total | Funds | Book- entry |
Collateral- ized2 |
Percent of Total |
|---|---|---|---|---|---|
| 2024:Q2 | $0.65 | $0.61 | $0.04 | $0.62 | 95% |
| 2024:Q1 | $0.61 | $0.59 | $0.02 | $0.59 | 97% |
| 2023:Q4 | $0.93 | $0.90 | $0.03 | $0.90 | 97% |
| 2023:Q3 | $0.99 | $0.97 | $0.02 | $0.95 | 96% |
| 2023:Q2 | $1.15 | $1.12 | $0.03 | $1.07 | 93% |
| 2023:Q1 | $1.82 | $1.78 | $0.05 | $1.70 | 93% |
| 2022:Q4 | $1.40 | $1.35 | $0.04 | $1.28 | 91% |
| 2022:Q3 | $1.03 | $0.98 | $0.04 | $0.92 | 89% |
| 2022:Q2 | $0.62 | $0.57 | $0.05 | $0.57 | 92% |
| 2022:Q1 | $0.23 | $0.21 | $0.01 | $0.20 | 87% |
| 2021:Q4 | $0.38 | $0.37 | $0.01 | $0.36 | 95% |
| 2021:Q3 | $0.34 | $0.33 | $0.01 | $0.33 | 97% |
| 2021:Q2 | $0.43 | $0.43 | $0.01 | $0.41 | 95% |
| 2021:Q1 | $0.93 | $0.91 | $0.02 | $0.84 | 90% |
| 2020:Q4 | $0.92 | $0.88 | $0.04 | $0.86 | 93% |
| 2020:Q3 | $0.94 | $0.90 | $0.03 | $0.85 | 90% |
| 2020:Q2 | $1.48 | $1.45 | $0.04 | $1.17 | 79% |
| 2020:Q1 | $3.22 | $2.54 | $0.67 | $2.95 | 92% |
| 2019:Q4 | $3.27 | $2.90 | $0.37 | $3.17 | 97% |
| 2019:Q3 | $2.91 | $2.50 | $0.41 | $2.81 | 97% |
| 2019:Q2 | $3.15 | $2.94 | $0.21 | $3.06 | 97% |
| 2019:Q1 | $2.73 | $2.58 | $0.16 | $2.64 | 97% |
| 2018:Q4 | $2.11 | $1.98 | $0.14 | $2.02 | 96% |
| 2018:Q3 | $2.22 | $2.06 | $0.16 | $2.12 | 95% |
| 2018:Q2 | $2.47 | $2.33 | $0.14 | $2.36 | 96% |
| 2018:Q1 | $2.37 | $2.19 | $0.17 | $2.27 | 96% |
| 2017:Q4 | $1.65 | $1.53 | $0.13 | $1.58 | 96% |
| 2017:Q3 | $1.81 | $1.67 | $0.14 | $1.73 | 96% |
| 2017:Q2 | $1.84 | $1.78 | $0.07 | $1.74 | 95% |
| 2017:Q1 | $1.49 | $1.43 | $0.06 | $1.42 | 95% |
| 2016:Q4 | $1.39 | $1.32 | $0.07 | $1.33 | 96% |
| 2016:Q3 | $1.52 | $1.41 | $0.11 | $1.43 | 94% |
| 2016:Q2 | $1.96 | $1.82 | $0.14 | $1.90 | 97% |
| 2016:Q1 | $1.60 | $1.47 | $0.12 | $1.54 | 96% |
| 2015:Q4 | $1.38 | $1.26 | $0.11 | $1.32 | 96% |
| 2015:Q3 | $1.39 | $1.29 | $0.10 | $1.34 | 96% |
| 2015:Q2 | $0.82 | $0.75 | $0.08 | $0.79 | 96% |
| 2015:Q1 | $0.94 | $0.87 | $0.07 | $0.91 | 97% |
| 2014:Q4 | $1.27 | $1.16 | $0.11 | $1.23 | 97% |
| 2014:Q3 | $1.67 | $1.56 | $0.11 | $1.64 | 98% |
| 2014:Q2 | $1.67 | $1.58 | $0.08 | $1.63 | 98% |
| 2014:Q1 | $1.85 | $1.76 | $0.09 | $1.81 | 98% |
| 2013:Q4 | $0.99 | $0.89 | $0.10 | $0.95 | 96% |
| 2013:Q3 | $1.66 | $1.58 | $0.08 | $1.60 | 96% |
| 2013:Q2 | $1.69 | $1.54 | $0.14 | $1.64 | 97% |
| 2013:Q1 | $3.27 | $2.98 | $0.29 | $3.23 | 99% |
| 2012:Q4 | $2.00 | $1.79 | $0.21 | $1.96 | 98% |
| 2012:Q3 | $1.93 | $1.80 | $0.13 | $1.88 | 97% |
| 2012:Q2 | $2.84 | $2.38 | $0.46 | $2.80 | 99% |
| 2012:Q1 | $1.76 | $1.30 | $0.45 | $1.62 | 92% |
| 2011:Q4 | $0.90 | $0.75 | $0.14 | $0.81 | 90% |
| 2011:Q3 | $0.71 | $0.56 | $0.15 | $0.64 | 90% |
| 2011:Q2 | $1.48 | $0.72 | $0.76 | $1.38 | 93% |
| 2011:Q1 | $3.92 | $1.54 | $2.39 | $0 | $0 |
| 2010:Q4 | $6.84 | $2.59 | $4.26 | $0 | $0 |
| 2010:Q3 | $6.81 | $2.04 | $4.77 | $0 | $0 |
| 2010:Q2 | $6.17 | $2.33 | $3.83 | $0 | $0 |
| 2010:Q1 | $5.26 | $2.78 | $2.48 | $0 | $0 |
| 2009:Q4 | $5.64 | $3.33 | $2.31 | $0 | $0 |
| 2009:Q3 | $10.79 | $7.06 | $3.73 | $0 | $0 |
| 2009:Q2 | $10.06 | $7.69 | $2.35 | $0 | $0 |
| 2009:Q1 | $12.88 | $8.86 | $4.01 | $0 | $0 |
| 2008:Q4 | $40.38 | $30.36 | $10.01 | $0 | $0 |
| 2008:Q3 | $65.32 | $50.60 | $14.67 | $0 | $0 |
| 2008:Q2 | $71.04 | $55.43 | $15.61 | $0 | $0 |
| 2008:Q1 | $68.52 | $52.05 | $16.47 | $0 | $0 |
| 2007:Q4 | $65.84 | $51.30 | $14.54 | $0 | $0 |
| 2007:Q3 | $61.72 | $46.15 | $15.57 | $0 | $0 |
| 2007:Q2 | $56.93 | $44.41 | $12.53 | $0 | $0 |
| 2007:Q1 | $56.59 | $43.15 | $13.43 | $0 | $0 |
| 2006:Q4 | $56.27 | $42.42 | $13.86 | $0 | $0 |
| 2006:Q3 | $55.61 | $40.81 | $14.80 | $0 | $0 |
| 2006:Q2 | $48.00 | $37.40 | $10.61 | $0 | $0 |
| 2006:Q1 | $43.78 | $33.03 | $10.75 | $0 | $0 |
| 2005:Q4 | $43.18 | $34.27 | $8.91 | $0 | $0 |
| 2005:Q3 | $42.66 | $32.09 | $10.56 | $0 | $0 |
| 2005:Q2 | $39.93 | $29.24 | $10.69 | $0 | $0 |
| 2005:Q1 | $39.90 | $27.62 | $12.29 | $0 | $0 |
| 2004:Q4 | $38.11 | $27.63 | $10.48 | $0 | $0 |
| 2004:Q3 | $33.75 | $25.26 | $8.49 | $0 | $0 |
| 2004:Q2 | $33.09 | $25.40 | $7.70 | $0 | $0 |
| 2004:Q1 | $33.69 | $25.26 | $8.43 | $0 | $0 |
| 2003:Q4 | $32.37 | $25.37 | $7.00 | $0 | $0 |
| 2003:Q3 | $33.51 | $25.96 | $7.54 | $0 | $0 |
| 2003:Q2 | $33.31 | $25.92 | $7.39 | $0 | $0 |
| 2003:Q1 | $32.04 | $24.81 | $7.22 | $0 | $0 |
| 2002:Q4 | $31.53 | $24.71 | $6.81 | $0 | $0 |
| 2002:Q3 | $28.09 | $21.33 | $6.76 | $0 | $0 |
| 2002:Q2 | $26.04 | $20.16 | $5.88 | $0 | $0 |
| 2002:Q1 | $25.91 | $20.66 | $5.25 | $0 | $0 |
| 2001:Q4 | $27.67 | $21.72 | $5.96 | $0 | $0 |
| 2001:Q3 | $29.59 | $23.12 | $6.47 | $0 | $0 |
| 2001:Q2 | $27.60 | $22.44 | $5.16 | $0 | $0 |
| 2001:Q1 | $28.66 | $23.28 | $5.37 | $0 | $0 |
| 2000:Q4 | $24.70 | $20.63 | $4.07 | $0 | $0 |
| 2000:Q3 | $24.69 | $19.96 | $4.73 | $0 | $0 |
| 2000:Q2 | $24.73 | $19.77 | $4.96 | $0 | $0 |
| 2000:Q1 | $24.90 | $18.86 | $6.05 | $0 | $0 |
| 1999:Q4 | $23.29 | $17.28 | $6.01 | $0 | $0 |
| 1999:Q3 | $23.38 | $16.31 | $7.08 | $0 | $0 |
| 1999:Q2 | $23.53 | $16.29 | $7.24 | $0 | $0 |
| 1999:Q1 | $24.79 | $16.92 | $7.87 | $0 | $0 |
| 1998:Q4 | $25.83 | $17.18 | $8.65 | $0 | $0 |
| 1998:Q3 | $25.36 | $15.86 | $9.50 | $0 | $0 |
| 1998:Q2 | $25.54 | $15.99 | $9.55 | $0 | $0 |
| 1998:Q1 | $25.21 | $15.58 | $9.63 | $0 | $0 |
| 1997:Q4 | $24.07 | $14.56 | $9.51 | $0 | $0 |
| 1997:Q3 | $22.22 | $13.71 | $8.50 | $0 | $0 |
| 1997:Q2 | $21.52 | $13.82 | $7.70 | $0 | $0 |
| 1997:Q1 | $22.38 | $13.73 | $8.65 | $0 | $0 |
| 1996:Q4 | $21.35 | $12.58 | $8.76 | $0 | $0 |
| 1996:Q3 | $20.73 | $12.26 | $8.47 | $0 | $0 |
| 1996:Q2 | $20.79 | $11.54 | $9.25 | $0 | $0 |
| 1996:Q1 | $22.57 | $11.80 | $10.77 | $0 | $0 |
| 1995:Q4 | $21.21 | $10.75 | $10.46 | $0 | $0 |
| 1995:Q3 | $20.31 | $10.60 | $9.71 | $0 | $0 |
| 1995:Q2 | $19.75 | $10.02 | $9.73 | $0 | $0 |
| 1995:Q1 | $19.71 | $10.38 | $9.34 | $0 | $0 |
| 1994:Q4 | $19.31 | $9.24 | $10.07 | $0 | $0 |
| 1994:Q3 | $19.75 | $9.00 | $10.75 | $0 | $0 |
| 1994:Q2 | $21.32 | $9.15 | $12.17 | $0 | $0 |
| 1994:Q1 | $32.44 | $12.49 | $19.94 | $0 | $0 |
| 1993:Q4 | $33.33 | $12.25 | $21.08 | $0 | $0 |
| 1993:Q3 | $33.19 | $10.34 | $22.85 | $0 | $0 |
| 1993:Q2 | $31.43 | $10.12 | $21.31 | $0 | $0 |
| 1993:Q1 | $32.78 | $10.69 | $22.08 | $0 | $0 |
| 1992:Q4 | $30.41 | $10.13 | $20.29 | $0 | $0 |
| 1992:Q3 | $30.52 | $10.68 | $19.84 | $0 | $0 |
| 1992:Q2 | $28.96 | $10.29 | $18.68 | $0 | $0 |
| 1992:Q1 | $28.06 | $10.01 | $18.05 | $0 | $0 |
| 1991:Q4 | $25.30 | $10.15 | $15.15 | $0 | $0 |
| 1991:Q3 | $24.92 | $10.37 | $14.55 | $0 | $0 |
| 1991:Q2 | $23.69 | $10.46 | $13.23 | $0 | $0 |
| 1991:Q1 | $24.63 | $11.44 | $13.19 | $0 | $0 |
| 1990:Q4 | $22.51 | $10.75 | $11.76 | $0 | $0 |
| 1990:Q3 | $20.84 | $10.88 | $9.95 | $0 | $0 |
| 1990:Q2 | $18.86 | $10.59 | $8.27 | $0 | $0 |
| 1990:Q1 | $19.81 | $10.32 | $9.49 | $0 | $0 |
| 1989:Q4 | $18.85 | $9.65 | $9.20 | $0 | $0 |
| 1989:Q3 | $17.53 | $9.47 | $8.06 | $0 | $0 |
| 1989:Q2 | $16.02 | $8.99 | $7.04 | $0 | $0 |
| 1989:Q1 | $14.85 | $8.56 | $6.29 | $0 | $0 |
| 1988:Q4 | $14.56 | $8.24 | $6.32 | $0 | $0 |
| 1988:Q3 | $14.27 | $8.24 | $6.04 | $0 | $0 |
| 1988:Q2 | $14.99 | $8.74 | $6.24 | $0 | $0 |
| 1988:Q1 | $15.66 | $8.94 | $6.72 | $0 | $0 |
| 1987:Q4 | $14.75 | $7.51 | $7.24 | $0 | $0 |
| 1987:Q3 | $15.23 | $7.48 | $7.75 | $0 | $0 |
| 1987:Q2 | $15.02 | $7.43 | $7.59 | $0 | $0 |
| 1987:Q1 | $15.28 | $7.13 | $8.16 | $0 | $0 |
| 1986:Q4 | $14.51 | $6.69 | $7.82 | $0 | $0 |
| 1986:Q3 | $14.47 | $6.94 | $7.52 | $0 | $0 |
| 1986:Q2 | $13.91 | $6.64 | $7.27 | $0 | $0 |
| 1986:Q1 | $13.29 | $7.39 | $5.90 | $0 | $0 |
Footnotes
1. The average per-minute daylight overdraft for a given day is the sum of the average per-minute daylight overdrafts for all institutions on that day. Return to table
2. An institution's collateralized daylight overdraft is the amount of its per-minute overdraft covered by its pledge of collateral. The Board began collecting this data on March 24, 2011, pursuant to the changes to the Federal Reserve Policy on Payment System Risk. This policy change applied to one week of the first quarter of 2011—March 24 through March 31, 2011. The collateralized average daylight overdrafts for this week were $2.12 billion, which represents 94 percent of total average daylight overdrafts. Return to table