Fedwire Securities Service - Quarterly Data Value of Average Average Average Securities Transfers Quarterly transfers Quarterly value per daily volume daily value held in custody originated growth originated growth transfer of transfers2 of transfers2 at year end3 Quarter (number)1 (percent) ($ millions) (percent) ($ millions) (number) ($ millions) ($ millions) 1992:Q1 2,892,107 --- 33,143,630 --- 11.46 46,647 534,575 1992:Q2 2,921,731 1.0 33,818,748 2.0 11.57 45,652 528,418 1992:Q3 2,987,139 2.2 36,794,306 8.8 12.32 45,956 566,066 1992:Q4 2,952,240 (1.2) 35,919,026 (2.4) 12.17 47,617 579,339 1993:Q1 3,020,211 2.3 35,923,402 0.0 11.89 49,512 588,908 1993:Q2 2,910,198 (3.6) 35,545,998 (1.1) 12.21 45,472 555,406 1993:Q3 3,054,037 4.9 39,526,359 11.2 12.94 47,719 617,599 1993:Q4 2,972,607 (2.7) 35,224,545 (10.9) 11.85 47,184 559,120 1994:Q1 3,147,347 5.9 38,834,547 10.2 12.34 50,764 626,364 1994:Q2 3,253,214 3.4 36,210,006 (6.8) 11.13 50,831 565,781 1994:Q3 3,083,779 (5.2) 35,496,295 (2.0) 11.51 48,184 554,630 1994:Q4 3,105,856 0.7 34,161,378 (3.8) 11.00 50,916 560,023 1995:Q1 3,269,224 5.3 36,065,540 5.6 11.03 52,729 581,702 1995:Q2 3,286,353 0.5 38,015,901 5.4 11.57 51,349 593,998 1995:Q3 3,107,275 (5.4) 37,009,497 (2.6) 11.91 49,322 587,452 1995:Q4 3,147,854 1.3 38,673,493 4.5 12.29 50,772 623,766 1996:Q1 3,345,305 6.3 43,289,500 11.9 12.94 53,957 698,218 1996:Q2 3,401,330 1.7 39,004,543 (9.9) 11.47 53,146 609,446 1996:Q3 3,166,714 (6.9) 39,196,983 0.5 12.38 49,480 612,453 1996:Q4 3,185,507 0.6 39,146,434 (0.1) 12.29 51,379 631,394 1997:Q1 3,123,614 (1.9) 39,039,584 (0.3) 12.50 51,207 639,993 1997:Q2 3,232,331 3.5 42,097,724 7.8 13.02 50,505 657,777 1997:Q3 3,280,659 1.5 48,503,232 15.2 14.78 51,260 757,863 1997:Q4 3,307,843 0.8 45,308,790 (6.6) 13.70 53,352 730,787 1998:Q1 3,448,263 4.2 47,967,066 5.9 13.91 56,529 786,345 1998:Q2 3,586,706 4.0 52,331,540 9.1 14.59 56,042 817,680 1998:Q3 3,621,798 1.0 52,171,649 (0.3) 14.40 55,720 802,641 1998:Q4 3,708,842 2.4 45,311,354 (13.1) 12.22 59,820 730,828 1999:Q1 3,347,081 (9.8) 45,175,462 (0.3) 13.50 54,870 740,581 13,350,038 1999:Q2 3,550,720 6.1 46,749,291 3.5 13.17 55,480 730,458 13,674,253 1999:Q3 3,364,918 (5.2) 44,792,992 (4.2) 13.31 52,577 699,891 13,994,736 1999:Q4 3,134,828 (6.8) 42,768,537 (4.5) 13.64 49,759 678,866 14,261,967 2000:Q1 3,506,892 11.9 46,964,329 9.8 13.39 55,665 745,466 14,372,595 2000:Q2 3,387,435 (3.4) 46,715,921 (0.5) 13.79 52,929 729,936 14,415,624 2000:Q3 3,281,232 (3.1) 45,810,653 (1.9) 13.96 52,083 727,153 14,660,905 2000:Q4 3,420,429 4.2 48,642,275 6.2 14.22 55,168 784,553 14,943,324 2001:Q1 3,838,813 12.2 53,976,293 11.0 14.06 61,916 870,585 15,378,499 2001:Q2 3,819,047 (0.5) 55,040,345 2.0 14.41 59,673 860,005 15,955,756 2001:Q3 3,410,275 (10.7) 50,391,742 (8.4) 14.78 54,131 799,869 16,537,281 2001:Q4 3,945,738 15.7 52,934,654 5.0 13.42 63,641 853,785 17,327,032 2002:Q1 4,027,381 2.1 51,879,047 (2.0) 12.88 66,023 850,476 20,711,843 2002:Q2 4,343,550 7.9 56,232,372 8.4 12.95 67,868 878,631 21,219,110 2002:Q3 4,428,925 2.0 60,363,571 7.3 13.63 69,202 943,181 21,964,983 2002:Q4 4,636,668 4.7 60,432,131 0.1 13.03 74,785 974,712 23,050,957 2003:Q1 4,611,325 (0.5) 61,750,917 2.2 13.39 75,595 1,012,310 24,225,461 2003:Q2 5,073,883 10.0 69,908,350 13.2 13.78 79,279 1,092,318 25,260,067 2003:Q3 5,827,322 14.8 71,373,033 2.1 12.25 91,052 1,115,204 26,309,943 2003:Q4 4,858,865 (16.6) 64,611,894 (9.5) 13.30 78,369 1,042,127 27,042,565 2004:Q1 4,838,376 (0.4) 68,853,595 6.6 14.23 78,038 1,110,542 27,710,456 2004:Q2 5,149,102 6.4 77,732,065 12.9 15.10 80,455 1,214,564 28,256,767 2004:Q3 4,982,443 (3.2) 82,913,358 6.7 16.64 77,851 1,295,521 28,819,069 2004:Q4 5,194,890 4.3 83,926,234 1.2 16.16 82,459 1,332,162 29,370,123 2005:Q1 5,424,212 4.4 92,370,184 10.1 17.03 88,922 1,514,265 30,041,775 2005:Q2 5,786,335 6.7 97,043,671 5.1 16.77 90,411 1,516,307 30,470,860 2005:Q3 5,765,425 (0.4) 93,914,259 (3.2) 16.29 90,085 1,467,410 31,315,573 2005:Q4 5,383,363 (6.6) 85,568,705 (8.9) 15.90 88,252 1,402,766 31,945,464 2006:Q1 5,641,256 4.8 91,711,439 7.2 16.26 90,988 1,479,217 32,812,463 2006:Q2 5,692,001 0.9 95,974,576 4.6 16.86 88,938 1,499,603 34,406,889 2006:Q3 5,492,217 (3.5) 96,107,782 0.1 17.50 87,178 1,525,520 37,038,547 2006:Q4 5,463,331 (0.5) 93,464,795 (2.8) 17.11 88,118 1,507,497 35,902,630 2007:Q1 5,502,011 0.7 98,516,847 5.4 17.91 88,742 1,588,981 38,571,615 2007:Q2 5,950,424 8.1 106,324,210 7.9 17.87 92,975 1,661,316 42,122,362 2007:Q3 6,411,479 7.7 115,625,221 8.7 18.03 101,770 1,835,321 42,752,862 2007:Q4 6,352,909 (0.9) 115,111,227 (0.4) 18.12 102,466 1,856,633 43,358,966 2008:Q1 6,465,093 1.8 118,988,363 3.4 18.40 104,276 1,919,167 44,141,928 2008:Q2 6,362,665 (1.6) 110,638,639 (7.0) 17.39 99,417 1,728,729 44,826,734 NOTE: Book-entry securities data exclude reversals. 1Based on the number of business days per period. 2Began reporting this statistic in 1999. 3Amounts in bold were restated in March 2007. Source: (1989-2000) PACS database: Book-Entry - 97621($); 98426+98427+98435+98436(#) (2001-present) PACS database: Book-Entry - 97621+98456($); 98426+98427+98435+98436(#)