Fedwire Funds Service: Payments, Balances, and Available Liquidity

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Badev, Anton, Clark, Lauren, Ebanks, Daniel, Marquardt, Jeffrey C, Mills, David C
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 05.11.2021

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...