Fedwire Funds Service: Payments, Balances, and Available Liquidity

We analyze the universe of payments settled through the Fedwire Funds Service--the primary U.S. real-time gross settlement service operated by the Federal Reserve--for the period January 2004 to December 2020. We report on trends in payments volume, payments value, balances, and overdrafts, in addit...

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Badev, Anton, Clark, Lauren, Ebanks, Daniel, Marquardt, Jeffrey C, Mills, David C
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 05.11.2021
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Summary:We analyze the universe of payments settled through the Fedwire Funds Service--the primary U.S. real-time gross settlement service operated by the Federal Reserve--for the period January 2004 to December 2020. We report on trends in payments volume, payments value, balances, and overdrafts, in addition to documenting changes in the behavior of financial institutions transacting via the Fedwire Funds Service.
DOI:10.17016/FEDS.2021.070