T7: Participation in major payment systems Source
(units; end of year)
«United States»
 Year
« ‹ 2012 › »
 2008 2009 2010 2011 2012
Large-value payment systems
CHIPS
Total number of participants 1napnapnapnap52
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnap52
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnap52
Central banknapnapnapnap0
Governmentnapnapnapnap0
Postal institutionnapnapnapnap0
Payment systems, central counterparties and securities settlement systemsnapnapnapnap0
Othernapnapnapnap0
Indirectly connected participantsnapnapnapnap0
Fedwire Funds Service
Total number of participantsnapnapnapnapnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants 2napnapnapnap7,210
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnapnav
Central banknapnapnapnapnav
Governmentnapnapnapnapnav
Postal institutionnapnapnapnapnav
Payment systems, central counterparties and securities settlement systemsnapnapnapnapnav
Othernapnapnapnapnav
Indirectly connected participantsnapnapnapnapnav
NSS
Total number of participants 3napnapnapnap1,200
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnap1,200
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnap1,200
Central banknapnapnapnap0
Governmentnapnapnapnap0
Postal institutionnapnapnapnap0
Payment systems, central counterparties and securities settlement systemsnapnapnapnap0
Othernapnapnapnap0
Indirectly connected participantsnapnapnapnapnap
Retail payment systems
Cheque clearing: Federal Reserve
Total number of participants 4napnapnapnapnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnapnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnapnav
Central banknapnapnapnapnav
Governmentnapnapnapnapnav
Postal institutionnapnapnapnapnav
Payment systems, central counterparties and securities settlement systemsnapnapnapnapnav
Othernapnapnapnapnav
Indirectly connected participantsnapnapnapnapnav
Cheque clearing: Private
Total number of participants 4napnapnapnapnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnapnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnapnav
Central banknapnapnapnapnav
Governmentnapnapnapnapnav
Postal institutionnapnapnapnapnav
Payment systems, central counterparties and securities settlement systemsnapnapnapnapnav
Othernapnapnapnapnav
Indirectly connected participantsnapnapnapnapnav
EPN
Total number of participants 5napnapnapnapnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnapnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnapnav
Central banknapnapnapnapnav
Governmentnapnapnapnapnav
Postal institutionnapnapnapnapnav
Payment systems, central counterparties and securities settlement systemsnapnapnapnapnav
Othernapnapnapnapnav
Indirectly connected participantsnapnapnapnapnav
FedACH
Total number of participants 6napnapnapnapnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnapnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnapnav
Central banknapnapnapnapnav
Governmentnapnapnapnapnav
Postal institutionnapnapnapnapnav
Payment systems, central counterparties and securities settlement systemsnapnapnapnapnav
Othernapnapnapnapnav
Indirectly connected participantsnapnapnapnapnav
Fast payment systems
Real Time Payments
Total number of participants 7napnapnapnapnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnapnapnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnapnapnav
Central banknapnapnapnapnav
Governmentnapnapnapnapnav
Postal institutionnapnapnapnapnav
Payment systems, central counterparties and securities settlement systemsnapnapnapnapnav
Othernapnapnapnapnav
Indirectly connected participantsnapnapnapnapnav
 1 CHIPS, the Clearing House Interbank Payments System, is operated by The Clearing House Payments Company L.L.C.. 2 Fedwire Funds Service is operated by the Federal Reserve. "Directly connected participants" calculated as the total number of active participants rolled up to the master account level. Until 2016, this time series was reported as "Number of participants". 3 NSS, the National Settlement Service, is operated by the Federal Reserve. "Total number of participants" figures rounded to the nearest 100. Participants in NSS form multilateral settlement arrangements. The number of settlement arrangements was 14 in 2013, 14 in 2014, 14 in 2015, 14 in 2016, and 12 in 2017. 4 The Federal Reserve Check Clearing system is owned and operated by the Federal Reserve 5 The private ACH system is owned and operated by EPN, a subsidiary of The Clearing House. 6 Checks are processed privately by correspondant banks, clearinghouses and processor clearing systems. 7 RTP is a real-time payments system owned and operated by The Clearing House.
Sources: Federal Reserve; The Clearing House Payments Company L.L.C. (TCH).