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Federal Reserve Board of Governors

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Government Checks 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 check
(dollars)
2014:Q1 17 65.7 36 9.6 0.3 0.6 2,141
2013:Q4 10 -17.7 33 26.3 0.2 0.5 3,237
2013:Q3 12 -65.9 26 -49.8 0.2 0.4 2,110
2013:Q2 36 52.4 52 20.9 0.6 0.8 1,433
2013:Q1 24 9.3 43 -4.4 0.4 0.7 1,806
2012:Q4 22 -7.4 45 32.7 0.4 0.7 2,064
2012:Q3 24 -41.4 34 -48.7 0.4 0.5 1,441
2012:Q2 40 14.5 66 23.4 0.6 1.0 1,648
2012:Q1 35 17.5 54 4.7 0.6 0.9 1,530
2011:Q4 30 -9.0 51 17.8 0.5 0.8 1,717
2011:Q3 33 -37.1 44 -47.3 0.5 0.7 1,327
2011:Q2 52 19.8 83 29.3 0.8 1.3 1,583
2011:Q1 44 13.4 64 -2.5 0.7 1.0 1,467
2010:Q4 38 -6.1 66 19.0 0.6 1.0 1,707
2010:Q3 41 -30.8 55 -47.4 0.6 0.9 1,347
2010:Q2 59 27.9 105 57.8 0.9 1.6 1,771
2010:Q1 46 15.3 66 -9.7 0.8 1.1 1,435
2009:Q4 40 -4.4 74 27.4 0.6 1.2 1,832
2009:Q3 42 -40.4 58 -46.8 0.6 0.9 1,375
2009:Q2 70 43.2 109 51.6 1.1 1.7 1,542
2009:Q1 49 15.4 72 14.8 0.8 1.2 1,456
2008:Q4 43 -42.9 62 -13.9 0.7 1.0 1,464
2008:Q3 75 -26.0 73 -38.7 1.2 1.1 971
2008:Q2 101 97.6 118 86.5 1.6 1.8 1,171
2008:Q1 51 20.4 63 10.9 0.8 1.0 1,242
2007:Q4 42 -13.0 57 14.9 0.7 0.9 1,348
2007:Q3 49 -30.3 50 -44.5 0.8 0.8 1,020
2007:Q2 70 33.8 90 48.8 1.1 1.4 1,281
2007:Q1 52 18.0 60 -1.1 0.8 1.0 1,151
2006:Q4 44 -5.4 61 20.4 0.7 1.0 1,374
2006:Q3 47 -33.7 51 -44.5 0.7 0.8 1,079
2006:Q2 71 19.1 91 37.9 1.1 1.5 1,289
2006:Q1 59 28.3 66 22.3 1.0 1.1 1,113
2005:Q4 46 0.1 54 11.3 0.8 0.9 1,168
2005:Q3 46 -38.2 49 -49.1 0.7 0.8 1,050
2005:Q2 75 55.6 96 77.1 1.2 1.5 1,274
2005:Q1 48 3.0 54 11.0 0.8 0.9 1,119
2004:Q4 47 -4.1 49 -12.1 0.7 0.8 1,038
2004:Q3 49 -38.8 55 -48.3 0.8 0.9 1,132
2004:Q2 80 36.0 107 59.8 1.2 1.7 1,340
2004:Q1 59 19.7 67 18.5 0.9 1.1 1,140
2003:Q4 49 -33.6 57 -17.4 0.8 0.9 1,151
2003:Q3 74 -13.1 68 -40.3 1.2 1.1 926
2003:Q2 85 43.7 114 66.4 1.3 1.8 1,348
2003:Q1 59 36.2 69 11.3 1.0 1.1 1,164
2002:Q4 87 64.3 62 3.8 1.4 1.0 712
2002:Q3 53 -40.5 60 -50.3 0.8 0.9 1,127
2002:Q2 89 45.7 120 80.6 1.4 1.9 1,351
2002:Q1 61 -7.5 66 0.2 1.0 1.1 1,090
2001:Q4 66 -49.9 66 -29.9 1.1 1.1 1,007
2001:Q3 131 47.9 95 -12.4 2.1 1.5 720
2001:Q2 89 48.5 108 66.1 1.4 1.7 1,216
2001:Q1 60 28.3 65 24.9 1.0 1.0 1,087
2000:Q4 47 -17.0 52 2.1 0.8 0.8 1,117
2000:Q3 56 -38.8 51 -52.7 0.9 0.8 908
2000:Q2 92 36.1 108 50.5 1.4 1.7 1,176
2000:Q1 67 22.1 72 23.1 1.1 1.1 1,064
1999:Q4 55 -7.3 58 -0.4 0.9 0.9 1,055
1999:Q3 60 -41.3 58 -48.8 0.9 0.9 982
1999:Q2 101 40.8 114 51.7 1.6 1.8 1,125
1999:Q1 72 18.9 75 14.5 1.2 1.2 1,044
1998:Q4 61 -13.0 66 -8.0 1.0 1.1 1,084
1998:Q3 70 -35.2 71 -39.5 1.1 1.1 1,025
1998:Q2 108 29 118 33.3 1.7 1.8 1,097
1998:Q1 83 15.1 89 8.6 1.4 1.5 1,062
1997:Q4 72 -11.7 82 -7.4 1.2 1.3 1,126
1997:Q3 82 -34.6 88 -31.2 1.3 1.4 1,073
1997:Q2 125 28.4 128 22.6 2.0 2.0 1,020
1997:Q1 98 9.0 104 7.9 1.6 1.7 1,068
1996:Q4 90 -5.8 97 -0.2 1.4 1.6 1,079
1996:Q3 95 -31.9 97 -35.7 1.5 1.5 1,018
1996:Q2 140 26.3 151 27.4 2.2 2.4 1,078
1996:Q1 111 16.1 118 18.6 1.8 1.9 1,068
1995:Q4 95 -5.5 100 -6.7 1.5 1.6 1,046
1995:Q3 101 -31.7 107 -33.8 1.6 1.7 1,060
1995:Q2 148 27.2 162 32.7 2.3 2.5 1,094
1995:Q1 116 16.6 122 13.9 1.9 2.0 1,048
1994:Q4 100 -4.6 107 -8.7 1.6 1.8 1,074
1994:Q3 104 -28.5 117 -24.2 1.6 1.8 1,122
1994:Q2 146 22.3 155 22.9 2.3 2.4 1,058
1994:Q1 199 15.2 126 3.1 1.9 2.0 1,053
1993:Q4 104 -2.6 122 5.5 1.6 1.9 1,176
1993:Q3 107 -27.7 116 -27.7 1.7 1.8 1,086
1993:Q2 147 20.6 160 17.2 2.3 2.5 1,086
1993:Q1 122 16.6 137 6.9 2.0 2.2 1,118
1992:Q4 105 -4.1 128 -1.8 1.7 2.1 1,219
1992:Q3 109 -28.1 130 -26.7 1.7 2.0 1,190
1992:Q2 152 19.6 177 15.9 2.4 2.8 1,168
1992:Q1 127 17.7 153 11.1 2.0 2.5 1,205
1991:Q4 108 -3.5 138 1.8 1.7 2.2 1,277
1991:Q3 112 -28.5 135 -26.3 1.7 2.1 1,210
1991:Q2 156 23.3 184 20.0 2.5 2.9 1,175
1991:Q1 127 16.1 153 8.8 2.1 2.5 1,206
1990:Q4 109 -6.2 141 -3.6 1.8 2.3 1,287
1990:Q3 117 -33.3 146 -15.7 1.9 2.3 1,251
1990:Q2 175 19.3 173 5.9 2.7 2.7 990
1990:Q1 146 28.8 163 10.6 2.4 2.6 1,116
1989:Q4 114 -6.6 148 -0.8 1.8 2.4 1,300
1989:Q3 122 -27.9 149 -19.7 1.9 2.4 1,224
1989:Q2 169 23.5 186 21.7 2.6 2.9 1,100
1989:Q1 137 16.1 153 n.a. 2.2 2.5 1,117

Footnotes

1. Data are updated quarterly. Values are subject to minor changes based on adjustments. Data will be adjusted to reflect actual values as needed. Return to text.

n.a.  Not available.

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Last update: May 9, 2014