National Settlement Service (NSS) 1 - Quarterly Data Volume of Volume of Value of Average Average Average NSS entries NSS files total daily number daily number daily settlement processed processed settlement2 of entries3 of files3 value3 Quarter (number) (number) ($ millions) (number) (number) ($ millions) 1999:Q3 9,128 112 24,756 143 2 387 1999:Q4 33,036 959 188,760 524 15 2,996 2000:Q1 42,384 1,307 279,940 673 21 4,443 2000:Q2 44,476 1,423 366,016 695 22 5,719 2000:Q3 46,893 1,740 432,369 744 28 6,863 2000:Q4 52,777 2,347 499,756 851 38 8,061 2001:Q1 68,377 3,273 621,875 1,103 53 10,030 2001:Q2 76,652 3,761 820,160 1,198 59 12,815 2001:Q3 77,468 3,844 751,484 1,230 61 11,928 2001:Q4 86,790 4,877 893,758 1,400 79 14,415 2002:Q1 98,847 5,572 888,947 1,620 91 14,573 2002:Q2 104,513 5,804 946,643 1,633 91 14,791 2002:Q3 107,310 5,826 975,355 1,677 91 15,240 2002:Q4 104,673 5,711 1,045,346 1,688 92 16,860 2003:Q1 102,956 5,452 993,818 1,688 89 16,292 2003:Q2 107,026 5,390 1,113,482 1,672 84 17,398 2003:Q3 107,467 5,387 1,213,920 1,679 84 18,968 2003:Q4 105,302 5,249 1,176,142 1,698 85 18,970 2004:Q1 105,574 5,152 1,212,479 1,703 83 19,556 2004:Q2 109,150 5,160 1,382,206 1,705 81 21,597 2004:Q3 109,902 5,049 1,292,146 1,717 79 20,190 2004:Q4 109,926 4,982 1,375,761 1,745 79 21,837 2005:Q1 108,320 4,597 1,349,903 1,776 75 22,130 2005:Q2 109,922 4,333 1,454,057 1,718 68 22,720 2005:Q3 113,026 4,379 1,443,366 1,766 68 22,553 2005:Q4 109,036 4,181 1,401,858 1,787 69 22,981 2006:Q1 111,727 4,245 1,418,303 1,802 68 22,876 2006:Q2 118,548 4,366 1,484,414 1,852 68 23,194 2006:Q3 118,603 4,392 1,405,485 1,883 70 22,309 2006:Q4 121,380 4,363 1,535,112 1,958 70 24,760 2007:Q1 122,618 4,353 1,576,360 1,978 70 25,425 2007:Q2 129,332 4,467 3,745,071 2,021 70 58,517 2007:Q3 129,042 4,343 5,050,210 2,048 69 80,162 2007:Q4 123,975 4,018 4,906,564 2,000 65 79,138 2008:Q1 121,742 3,857 4,904,121 1,964 62 79,099 2008:Q2 121,366 3,960 5,149,462 1,896 62 80,460 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(#).