T7: Participation in major payment systems Source
(units; end of year)
Year
«  2018  »
2014 2015 2016 2017 2018
Large-value payment systems
CHIPS
Total number of participants 14949484745
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants4949484745
Breakdown of 'directly connected participants' by participant type
Banks4949484745
Central bank00000
Government00000
Postal institution00000
Payment systems, central counterparties and securities settlement systems00000
Other00000
Indirectly connected participants00000
Fedwire Funds Service
Total number of participantsnavnavnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants 26,8086,5656,3286,1305,999
Breakdown of 'directly connected participants' by participant type
Banksnavnavnavnavnav
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
NSS
Total number of participants 31,2001,2001,2001,1001,100
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participants1,2001,2001,2001,1001,100
Breakdown of 'directly connected participants' by participant type
Banks1,2001,2001,2001,1001,100
Central bank00000
Government00000
Postal institution00000
Payment systems, central counterparties and securities settlement systems00000
Other00000
Indirectly connected participantsnapnapnapnapnap
Retail payment systems
Cheque clearing: Federal Reserve
Total number of participants 4navnavnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnavnavnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnavnavnavnavnav
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
Cheque clearing: Private
Total number of participants 4navnavnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnavnavnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnavnavnavnavnav
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
EPN
Total number of participants 5navnavnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnavnavnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnavnavnavnavnav
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
FedACH
Total number of participants 6navnavnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnavnavnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnavnavnavnavnav
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
Fast payment systems
Real Time Payments
Total number of participants 7navnavnavnavnav
Breakdown of 'total number of participants' by directly/indirectly connected
Directly connected participantsnavnavnavnavnav
Breakdown of 'directly connected participants' by participant type
Banksnavnavnavnavnav
Central banknavnavnavnavnav
Governmentnavnavnavnavnav
Postal institutionnavnavnavnavnav
Payment systems, central counterparties and securities settlement systemsnavnavnavnavnav
Othernavnavnavnavnav
Indirectly connected participantsnavnavnavnavnav
 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.
Source: Federal Reserve; The Clearing House Payments Company L.L.C. (TCH).