T7: Participation in major payment systems Source
(units; end of year)
«United States»
 Year
« ‹ 2014 › »
 2010 2011 2012 2013 2014
Large-value payment systems
CHIPS
Total number of participants 1napnap525049
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnap525049
Breakdown of 'directly connected participants' by participant type
Banksnapnap525049
Central banknapnap000
Governmentnapnap000
Postal institutionnapnap000
Payment systems, central counterparties and securities settlement systemsnapnap000
Othernapnap000
Indirectly connected participantsnapnap000
Fedwire Funds Service
Total number of participantsnapnapnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants 2napnap7,2106,9986,808
Breakdown of 'directly connected participants' by participant type
Banksnapnapnavnavnav
Central banknapnapnavnavnav
Governmentnapnapnavnavnav
Postal institutionnapnapnavnavnav
Payment systems, central counterparties and securities settlement systemsnapnapnavnavnav
Othernapnapnavnavnav
Indirectly connected participantsnapnapnavnavnav
NSS
Total number of participants 3napnap1,2001,2001,200
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnap1,2001,2001,200
Breakdown of 'directly connected participants' by participant type
Banksnapnap1,2001,2001,200
Central banknapnap000
Governmentnapnap000
Postal institutionnapnap000
Payment systems, central counterparties and securities settlement systemsnapnap000
Othernapnap000
Indirectly connected participantsnapnapnapnapnap
Retail payment systems
Cheque clearing: Federal Reserve
Total number of participants 4napnapnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnavnavnav
Central banknapnapnavnavnav
Governmentnapnapnavnavnav
Postal institutionnapnapnavnavnav
Payment systems, central counterparties and securities settlement systemsnapnapnavnavnav
Othernapnapnavnavnav
Indirectly connected participantsnapnapnavnavnav
Cheque clearing: Private
Total number of participants 4napnapnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnavnavnav
Central banknapnapnavnavnav
Governmentnapnapnavnavnav
Postal institutionnapnapnavnavnav
Payment systems, central counterparties and securities settlement systemsnapnapnavnavnav
Othernapnapnavnavnav
Indirectly connected participantsnapnapnavnavnav
EPN
Total number of participants 5napnapnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnavnavnav
Central banknapnapnavnavnav
Governmentnapnapnavnavnav
Postal institutionnapnapnavnavnav
Payment systems, central counterparties and securities settlement systemsnapnapnavnavnav
Othernapnapnavnavnav
Indirectly connected participantsnapnapnavnavnav
FedACH
Total number of participants 6napnapnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnavnavnav
Central banknapnapnavnavnav
Governmentnapnapnavnavnav
Postal institutionnapnapnavnavnav
Payment systems, central counterparties and securities settlement systemsnapnapnavnavnav
Othernapnapnavnavnav
Indirectly connected participantsnapnapnavnavnav
Fast payment systems
Real Time Payments
Total number of participants 7napnapnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnapnapnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnapnapnavnavnav
Central banknapnapnavnavnav
Governmentnapnapnavnavnav
Postal institutionnapnapnavnavnav
Payment systems, central counterparties and securities settlement systemsnapnapnavnavnav
Othernapnapnavnavnav
Indirectly connected participantsnapnapnavnavnav
 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).