Working Paper
Fedwire Funds Service: Payments, Balances, and Available Liquidity
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;
https://doi.org/10.17016/FEDS.2021.070
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File(s): File format is application/pdf https://www.federalreserve.gov/econres/feds/files/2021070pap.pdf
Bibliographic Information
Provider: Board of Governors of the Federal Reserve System (U.S.)
Part of Series: Finance and Economics Discussion Series
Publication Date: 2021-11-05
Number: 2021-070