National Settlement Service (NSS) 1 - Quarterly Data Volume of Quarterly Volume of Value of Quarterly Average Average Average NSS entries volume growth NSS files total value daily number daily number daily settlement processed of NSS entries processed settlement2 growth of entries3 of files3 value3 Quarter (number) (percent) (number) ($ millions) (percent) (number) (number) ($ millions) 2019:Q4 137,540 (3.5) 2,121 5,669,066 0.0 2,218 34 91,437 2019:Q3 142,489 0.3 2,218 5,666,928 6.6 2,226 35 88,546 2019:Q2 142,116 4.4 2,293 5,314,980 4.3 2,221 36 83,047 2019:Q1 136,095 (4.9) 2,255 5,093,946 (5.9) 2,231 37 83,507 2018:Q4 143,046 (2.1) 2,457 5,414,097 8.0 2,307 40 87,324 2018:Q3 146,163 (1.7) 2,463 5,014,878 (5.1) 2,320 39 79,601 2018:Q2 148,743 5.2 2,500 5,282,118 2.1 2,324 39 82,533 2018:Q1 141,442 (0.6) 2,254 5,174,984 3.8 2,281 36 83,467 2017:Q4 142,347 (1.4) 2,241 4,986,275 2.5 2,296 36 80,424 2017:Q3 144,393 (1.8) 2,313 4,863,321 2.8 2,292 37 77,196 2017:Q2 147,001 2.1 2,350 4,728,632 (1.2) 2,297 37 73,885 2017:Q1 143,958 0.6 2,334 4,788,376 2.7 2,322 38 77,232 2016:Q4 143,081 2.7 2,324 4,664,499 3.2 2,346 38 76,467 2016:Q3 139,294 (1.3) 2,368 4,519,668 1.0 2,176 37 70,620 2016:Q24 141,186 2.9 2,352 4,476,598 3.6 2,206 37 69,947 2016:Q1 137,174 (1.1) 2,289 4,322,384 (0.9) 2,212 37 69,716 2015:Q4 138,764 (5.1) 2,301 4,363,135 (3.2) 2,238 37 70,373 2015:Q3 146,290 1.1 2,408 4,507,899 (1.7) 2,251 37 69,352 2015:Q2 144,738 3.8 2,381 4,583,639 (1.0) 2,262 37 71,619 2015:Q1 139,458 (3.0) 2,282 4,630,861 1.5 2,286 37 75,916 2014:Q4 143,807 (8.7) 2,344 4,563,778 3.2 2,319 38 73,609 2014:Q3 157,532 (13.4) 2,520 4,420,475 (0.7) 2,461 39 69,070 2014:Q2 181,929 2.9 2,573 4,451,852 8.2 2,843 40 69,560 2014:Q1 176,794 (2.4) 2,459 4,115,521 (4.3) 2,898 40 67,468 2013:Q4 181,145 (1.5) 2,522 4,301,434 (2.3) 2,922 41 69,378 2013:Q3 183,889 0.1 2,615 4,401,169 (2.7) 2,873 41 68,768 2013:Q2 183,677 4.1 2,581 4,524,508 11.6 2,870 40 70,695 2013:Q1 176,371 6.2 2,434 4,053,955 (2.5) 2,891 40 66,458 2012:Q4 166,134 (0.6) 2,213 4,158,463 5.3 2,680 36 67,072 2012:Q3 167,198 (1.2) 2,161 3,951,030 (1.8) 2,654 34 62,715 2012:Q2 169,284 5.6 2,148 4,023,149 1.8 2,645 34 62,862 2012:Q1 160,296 6.3 1,981 3,952,153 (3.2) 2,585 32 63,744 2011:Q4 150,799 (1.7) 1,938 4,081,481 1.4 2,472 32 66,910 2011:Q3 153,348 12.5 1,777 4,023,788 0.3 2,396 28 62,872 2011:Q2 136,257 4.1 1,639 4,012,612 10.8 2,129 26 62,697 2011:Q1 130,875 (0.3) 1,550 3,620,519 (0.8) 2,111 25 58,395 2010:Q4 131,273 (1.7) 1,651 3,650,293 3.7 2,084 26 57,941 2010:Q3 133,574 1.8 1,746 3,521,040 (7.6) 2,087 27 55,016 2010:Q2 131,195 6.3 1,779 3,811,187 7.5 2,050 28 59,550 2010:Q1 123,402 (2.4) 1,768 3,543,962 (6.2) 2,023 29 58,098 2009:Q4 126,501 (0.0) 2,154 3,776,213 (4.0) 2,040 35 60,907 2009:Q3 126,516 15.2 2,447 3,931,633 (6.4) 1,946 38 60,487 2009:Q2 109,815 8.8 2,758 4,201,439 (8.5) 1,716 43 65,647 2009:Q1 100,898 (7.0) 3,162 4,593,486 (19.8) 1,654 52 75,303 2008:Q4 108,499 (7.2) 3,466 5,727,058 10.6 1,750 56 92,372 2008:Q3 116,927 (3.7) 3,911 5,180,138 0.6 1,827 61 80,940 2008:Q2 121,366 (0.3) 3,960 5,149,462 5.0 1,896 62 80,460 2008:Q1 121,742 (1.8) 3,857 4,904,121 (0.0) 1,964 62 79,099 2007:Q4 123,975 (3.9) 4,018 4,906,564 (2.8) 2,000 65 79,138 2007:Q3 129,042 (0.2) 4,343 5,050,210 34.8 2,048 69 80,162 2007:Q2 129,332 5.5 4,467 3,745,071 137.6 2,021 70 58,517 2007:Q1 122,618 1.0 4,353 1,576,360 2.7 1,978 70 25,425 2006:Q4 121,380 2.3 4,363 1,535,112 9.2 1,958 70 24,760 2006:Q3 118,603 0.0 4,392 1,405,485 (5.3) 1,883 70 22,309 2006:Q2 118,548 6.1 4,366 1,484,414 4.7 1,852 68 23,194 2006:Q1 111,727 2.5 4,245 1,418,303 1.2 1,802 68 22,876 2005:Q4 109,036 (3.5) 4,181 1,401,858 (2.9) 1,787 69 22,981 2005:Q3 113,026 2.8 4,379 1,443,366 (0.7) 1,766 68 22,553 2005:Q2 109,922 1.5 4,333 1,454,057 7.7 1,718 68 22,720 2005:Q1 108,320 (1.5) 4,597 1,349,903 (1.9) 1,776 75 22,130 2004:Q4 109,926 0.0 4,982 1,375,761 6.5 1,745 79 21,837 2004:Q3 109,902 0.7 5,049 1,292,146 (6.5) 1,717 79 20,190 2004:Q2 109,150 3.4 5,160 1,382,206 14.0 1,705 81 21,597 2004:Q1 105,574 0.3 5,152 1,212,479 3.1 1,703 83 19,556 2003:Q4 105,302 (2.0) 5,249 1,176,142 (3.1) 1,698 85 18,970 2003:Q3 107,467 0.4 5,387 1,213,920 9.0 1,679 84 18,968 2003:Q2 107,026 4.0 5,390 1,113,482 12.0 1,672 84 17,398 2003:Q1 102,956 (1.6) 5,452 993,818 (4.9) 1,688 89 16,292 2002:Q4 104,673 (2.5) 5,711 1,045,346 7.2 1,688 92 16,860 2002:Q3 107,310 2.7 5,826 975,355 3.0 1,677 91 15,240 2002:Q2 104,513 5.7 5,804 946,643 6.5 1,633 91 14,791 2002:Q1 98,847 13.9 5,572 888,947 (0.5) 1,620 91 14,573 2001:Q4 86,790 12.0 4,877 893,758 18.9 1,400 79 14,415 2001:Q3 77,468 1.1 3,844 751,484 (8.4) 1,230 61 11,928 2001:Q2 76,652 12.1 3,761 820,160 31.9 1,198 59 12,815 2001:Q1 68,377 29.6 3,273 621,875 24.4 1,103 53 10,030 2000:Q4 52,777 12.5 2,347 499,756 15.6 851 38 8,061 2000:Q3 46,893 5.4 1,740 432,369 18.1 744 28 6,863 2000:Q2 44,476 4.9 1,423 366,016 30.7 695 22 5,719 2000:Q1 42,384 28.3 1,307 279,940 48.3 673 21 4,443 1999:Q4 33,036 261.9 959 188,760 662.5 524 15 2,996 1999:Q3 9,128 -- 112 24,756 -- 143 2 387 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. 4The 2016:Q2 data were revised on July 26, 2016. Source: PACS data base: National Settlement Service - 98445($); 98443, 98444(#).