Fedwire Funds Service: Payments, Balances, and Available Liquidity

Anton Badev, Lauren Clark, Daniel Ebanks, Jeffrey C. Marquardt and David Mills ()

No 2021-070, Finance and Economics Discussion Series from Board of Governors of the Federal Reserve System (U.S.)

Abstract: 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.

Keywords: Fedwire; Payments; Overdrafts; Liquidity (search for similar items in EconPapers)
JEL-codes: E58 G20 (search for similar items in EconPapers)
Pages: 51 p.
Date: 2021-11-05
New Economics Papers: this item is included in nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfe:2021-70

DOI: 10.17016/FEDS.2021.070

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