Fedwire Securities Service - Quarterly Data Quarterly Value of Quarterly Average Average Average Securities Transfers volume transfers value value per daily volume daily value held in custody originated growth originated growth transfer of transfers2 of transfers2 at quarter end3 Quarter (number)1 (percent) ($ millions) (percent) ($ millions) (number) ($ millions) ($ millions) 2019:Q4 4,946,143 (3.6) $89,993,946 (7.9) 18.19 79,777 1,451,515 88,271,327 2019:Q3 5,131,803 8.9 $97,671,873 16.5 19.03 80,184 1,526,123 87,165,793 2019:Q2 4,711,980 5.7 83,825,501 12.8 17.79 73,625 1,309,773 86,252,163 2019:Q1 4,457,604 1.2 74,321,927 10.4 16.67 73,075 1,218,392 85,769,179 2018:Q4 4,403,922 16.9 67,318,854 4.1 15.29 71,031 1,085,788 85,141,500 2018:Q3 3,767,024 (16.3) 64,653,248 (22.7) 17.16 59,794 1,026,242 83,920,285 2018:Q2 4,499,710 1.7 83,683,951 3.7 18.60 70,308 1,307,562 77,699,417 2018:Q1 4,423,545 5.5 80,679,156 4.1 18.24 71,348 1,301,277 77,333,472 2017:Q4 4,191,804 4.3 77,473,088 3.9 18.48 67,610 1,249,566 76,440,851 2017:Q3 4,019,075 (1.8) 74,584,281 (2.3) 18.56 63,795 1,183,877 75,724,197 2017:Q2 4,090,991 0.6 76,327,044 7.6 18.66 63,922 1,192,610 75,029,290 2017:Q1 4,066,337 (3.8) 70,950,306 (2.1) 17.45 65,586 1,144,360 74,502,931 2016:Q4 4,226,371 3.7 72,487,638 (2.1) 17.15 69,285 1,188,322 74,039,804 2016:Q3 4,075,428 (2.5) 74,036,298 3.1 18.17 63,679 1,156,817 73,316,654 2016:Q24 4,181,694 2.4 71,822,721 5.1 17.18 65,339 1,122,230 72,500,661 2016:Q1 4,081,980 (4.9) 68,325,032 (8.6) 16.74 65,838 1,102,017 71,186,526 2015:Q4 4,290,707 (1.9) 74,762,068 0.9 17.42 69,205 1,205,840 70,489,690 2015:Q3 4,375,705 (2.7) 74,065,295 (2.7) 16.93 67,319 1,139,466 66,327,074 2015:Q2 4,498,525 4.7 76,127,584 7.5 16.92 70,289 1,189,494 68,994,214 2015:Q1 4,298,539 3.1 70,800,665 2.1 16.47 70,468 1,160,667 68,398,529 2014:Q4 4,171,197 (0.5) 69,311,042 (5.6) 16.62 67,277 1,117,920 67,914,939 2014:Q3 4,193,492 (3.0) 73,445,830 (1.0) 17.51 65,523 1,147,591 67,214,272 2014:Q2 4,320,977 (0.8) 74,150,784 5.6 17.16 67,515 1,158,606 66,543,201 2014:Q1 4,354,475 (3.8) 70,196,549 (0.5) 16.12 71,385 1,150,763 66,223,634 2013:Q4 4,524,684 (6.8) 70,562,365 (1.1) 15.59 72,979 1,138,103 65,725,983 2013:Q3 4,855,561 (3.2) 71,328,522 (8.5) 14.69 75,868 1,114,508 65,127,862 2013:Q2 5,015,178 8.0 77,976,235 3.5 15.55 78,362 1,218,379 64,419,932 2013:Q1 4,641,725 0.9 75,319,048 5.0 16.23 76,094 1,234,738 64,115,705 2012:Q4 4,599,551 3.2 71,738,998 (0.1) 15.60 74,186 1,157,081 63,196,046 2012:Q3 4,456,833 (2.0) 71,825,892 (0.1) 16.12 70,743 1,140,094 62,438,054 2012:Q2 4,548,599 (1.7) 71,870,948 4.2 15.80 71,072 1,122,984 62,559,808 2012:Q1 4,626,169 7.4 68,965,832 7.3 14.91 74,616 1,112,352 61,026,462 2011:Q4 4,305,500 (7.7) 64,257,358 (11.1) 14.92 70,582 1,053,399 60,295,945 2011:Q3 4,664,535 2.3 72,292,100 (6.0) 15.50 72,883 1,129,564 59,346,337 2011:Q2 4,561,091 (10.2) 76,878,055 (1.9) 16.86 71,267 1,201,220 58,296,098 2011:Q1 5,081,932 (0.2) 78,396,480 2.3 15.43 81,967 1,264,459 57,554,746 2010:Q4 5,093,265 2.0 76,649,428 (5.8) 15.05 80,845 1,216,658 56,722,615 2010:Q3 4,994,538 1.7 81,336,063 (3.7) 16.29 78,040 1,270,876 55,719,663 2010:Q2 4,911,436 2.7 84,502,707 8.8 17.21 76,741 1,320,355 54,782,141 2010:Q1 4,780,184 (4.5) 77,635,703 1.9 16.24 78,364 1,272,716 53,599,702 2009:Q4 5,003,498 (4.2) 76,188,802 1.0 15.23 80,702 1,228,852 52,662,266 2009:Q3 5,222,671 (4.8) 75,442,819 3.4 14.45 80,349 1,160,659 51,176,863 2009:Q2 5,488,577 2.3 72,986,801 2.6 13.30 85,759 1,140,419 49,513,121 2009:Q1 5,366,496 (11.3) 71,123,244 (12.3) 13.25 87,975 1,165,955 48,277,495 2008:Q4 6,053,051 (1.2) 81,093,993 (25.3) 13.40 97,630 1,307,968 47,427,140 2008:Q3 6,126,997 (3.7) 108,626,261 (1.8) 17.73 95,734 1,697,285 46,397,718 2008:Q2 6,362,665 (1.6) 110,638,639 (7.0) 17.39 99,417 1,728,729 44,826,734 2008:Q1 6,465,093 1.8 118,988,363 3.4 18.40 104,276 1,919,167 44,141,928 2007:Q4 6,352,909 (0.9) 115,111,227 (0.4) 18.12 102,466 1,856,633 43,358,966 2007:Q3 6,411,479 7.7 115,625,221 8.7 18.03 101,770 1,835,321 42,752,862 2007:Q2 5,950,424 8.1 106,324,210 7.9 17.87 92,975 1,661,316 42,122,362 2007:Q1 5,502,011 0.7 98,516,847 5.4 17.91 88,742 1,588,981 38,571,615 2006:Q4 5,463,331 (0.5) 93,464,795 (2.8) 17.11 88,118 1,507,497 35,902,630 2006:Q3 5,492,217 (3.5) 96,107,782 0.1 17.50 87,178 1,525,520 37,038,547 2006:Q2 5,692,001 0.9 95,974,576 4.6 16.86 88,938 1,499,603 34,406,889 2006:Q1 5,641,256 4.8 91,711,439 7.2 16.26 90,988 1,479,217 32,812,463 2005:Q4 5,383,363 (6.6) 85,568,705 (8.9) 15.90 88,252 1,402,766 31,945,464 2005:Q3 5,765,425 (0.4) 93,914,259 (3.2) 16.29 90,085 1,467,410 31,315,573 2005:Q2 5,786,335 6.7 97,043,671 5.1 16.77 90,411 1,516,307 30,470,860 2005:Q1 5,424,212 4.4 92,370,184 10.1 17.03 88,922 1,514,265 30,041,775 2004:Q4 5,194,890 4.3 83,926,234 1.2 16.16 82,459 1,332,162 29,370,123 2004:Q3 4,982,443 (3.2) 82,913,358 6.7 16.64 77,851 1,295,521 28,819,069 2004:Q2 5,149,102 6.4 77,732,065 12.9 15.10 80,455 1,214,564 28,256,767 2004:Q1 4,838,376 (0.4) 68,853,595 6.6 14.23 78,038 1,110,542 27,710,456 2003:Q4 4,858,865 (16.6) 64,611,894 (9.5) 13.30 78,369 1,042,127 27,042,565 2003:Q3 5,827,322 14.8 71,373,033 2.1 12.25 91,052 1,115,204 26,309,943 2003:Q2 5,073,883 10.0 69,908,350 13.2 13.78 79,279 1,092,318 25,260,067 2003:Q1 4,611,325 (0.5) 61,750,917 2.2 13.39 75,595 1,012,310 24,225,461 2002:Q4 4,636,668 4.7 60,432,131 0.1 13.03 74,785 974,712 23,050,957 2002:Q3 4,428,925 2.0 60,363,571 7.3 13.63 69,202 943,181 21,964,983 2002:Q2 4,343,550 7.9 56,232,372 8.4 12.95 67,868 878,631 21,219,110 2002:Q1 4,027,381 2.1 51,879,047 (2.0) 12.88 66,023 850,476 20,711,843 2001:Q4 3,945,738 15.7 52,934,654 5.0 13.42 63,641 853,785 17,327,032 2001:Q3 3,410,275 (10.7) 50,391,742 (8.4) 14.78 54,131 799,869 16,537,281 2001:Q2 3,819,047 (0.5) 55,040,345 2.0 14.41 59,673 860,005 15,955,756 2001:Q1 3,838,813 12.2 53,976,293 11.0 14.06 61,916 870,585 15,378,499 2000:Q4 3,420,429 4.2 48,642,275 6.2 14.22 55,168 784,553 14,943,324 2000:Q3 3,281,232 (3.1) 45,810,653 (1.9) 13.96 52,083 727,153 14,660,905 2000:Q2 3,387,435 (3.4) 46,715,921 (0.5) 13.79 52,929 729,936 14,415,624 2000:Q1 3,506,892 11.9 46,964,329 9.8 13.39 55,665 745,466 14,372,595 1999:Q4 3,134,828 (6.8) 42,768,537 (4.5) 13.64 49,759 678,866 14,261,967 1999:Q3 3,364,918 (5.2) 44,792,992 (4.2) 13.31 52,577 699,891 13,994,736 1999:Q2 3,550,720 6.1 46,749,291 3.5 13.17 55,480 730,458 13,674,253 1999:Q1 3,347,081 (9.8) 45,175,462 (0.3) 13.50 54,870 740,581 13,350,038 1998:Q4 3,708,842 2.4 45,311,354 (13.1) 12.22 59,820 730,828 1998:Q3 3,621,798 1.0 52,171,649 (0.3) 14.40 55,720 802,641 1998:Q2 3,586,706 4.0 52,331,540 9.1 14.59 56,042 817,680 1998:Q1 3,448,263 4.2 47,967,066 5.9 13.91 56,529 786,345 1997:Q4 3,307,843 0.8 45,308,790 (6.6) 13.70 53,352 730,787 1997:Q3 3,280,659 1.5 48,503,232 15.2 14.78 51,260 757,863 1997:Q2 3,232,331 3.5 42,097,724 7.8 13.02 50,505 657,777 1997:Q1 3,123,614 (1.9) 39,039,584 (0.3) 12.50 51,207 639,993 1996:Q4 3,185,507 0.6 39,146,434 (0.1) 12.29 51,379 631,394 1996:Q3 3,166,714 (6.9) 39,196,983 0.5 12.38 49,480 612,453 1996:Q2 3,401,330 1.7 39,004,543 (9.9) 11.47 53,146 609,446 1996:Q1 3,345,305 6.3 43,289,500 11.9 12.94 53,957 698,218 1995:Q4 3,147,854 1.3 38,673,493 4.5 12.29 50,772 623,766 1995:Q3 3,107,275 (5.4) 37,009,497 (2.6) 11.91 49,322 587,452 1995:Q2 3,286,353 0.5 38,015,901 5.4 11.57 51,349 593,998 1995:Q1 3,269,224 5.3 36,065,540 5.6 11.03 52,729 581,702 1994:Q4 3,105,856 0.7 34,161,378 (3.8) 11.00 50,916 560,023 1994:Q3 3,083,779 (5.2) 35,496,295 (2.0) 11.51 48,184 554,630 1994:Q2 3,253,214 3.4 36,210,006 (6.8) 11.13 50,831 565,781 1994:Q1 3,147,347 5.9 38,834,547 10.2 12.34 50,764 626,364 1993:Q4 2,972,607 (2.7) 35,224,545 (10.9) 11.85 47,184 559,120 1993:Q3 3,054,037 4.9 39,526,359 11.2 12.94 47,719 617,599 1993:Q2 2,910,198 (3.6) 35,545,998 (1.1) 12.21 45,472 555,406 1993:Q1 3,020,211 2.3 35,923,402 0.0 11.89 49,512 588,908 1992:Q4 2,952,240 (1.2) 35,919,026 (2.4) 12.17 47,617 579,339 1992:Q3 2,987,139 2.2 36,794,306 8.8 12.32 45,956 566,066 1992:Q2 2,921,731 1.0 33,818,748 2.0 11.57 45,652 528,418 1992:Q1 2,892,107 -- 33,143,630 -- 11.46 46,647 534,575 NOTE: Book-entry securities data exclude reversals. 1Amounts in bold were restated in March 2007. 2Based on the number of business days per period. 3Began reporting this statistic in 1999 4The 2016:Q2 data were revised on July 26, 2016. Source: (1989-2000) PACS database: Book-Entry - 97621($); 98426+98427+98435+98436(#) (2001-present) PACS database: Book-Entry - 97621+98456($); 98426+98427+98435+98436(#)