Fedwire Payment Volume and Value, Monthly
Monthly traffic on the two large-value settlement systems run by the Federal Reserve Banks: the Fedwire Funds Service, which moves central bank money between banks in real time and settles most interbank, securities and foreign-exchange payments in U.S. dollars, and the Fedwire Securities Service, which transfers Treasury, agency and mortgage-backed securities held in book-entry form.
| Indicator | 08-2026 | 07-2026 | 06-2026 | 05-2026 | 04-2026 | 03-2026 | 02-2026 | 01-2026 | 12-2025 | 11-2025 | 10-2025 | 09-2025 | 08-2025 | 07-2025 | 06-2025 | 05-2025 | 04-2025 | 03-2025 | 02-2025 | 01-2025 | 12-2024 | 11-2024 | 10-2024 | 09-2024 | 08-2024 | 07-2024 | 06-2024 | 05-2024 | 04-2024 | 03-2024 | 02-2024 | 01-2024 | 12-2023 | 11-2023 | 10-2023 | 09-2023 | 08-2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fedwire Funds Service5 | ||||||||||||||||||||||||||||||||||||||
| Transfers originated | 18,358,412 | 20,059,153 | 20,190,387 | 18,142,605 | 19,447,555 | 19,942,494 | 16,702,421 | 17,443,482 | 20,391,982 | 16,172,391 | 19,361,835 | 18,677,280 | 17,442,089 | 18,463,837 | 18,250,294 | 17,998,209 | 18,665,531 | 18,177,619 | 16,077,778 | 17,617,855 | 19,017,551 | 16,688,373 | 18,862,616 | 17,385,127 | 17,837,538 | 18,267,566 | 16,837,788 | 18,000,232 | 18,027,742 | 17,142,758 | 15,625,188 | 16,224,356 | 16,883,985 | 15,694,260 | 16,320,633 | 16,000,720 | 16,931,947 | |
| Value of transfers originated | 98,822.57 | 109,971.72 | 107,877.91 | 97,214.96 | 99,201.99 | 104,474.3 | 87,950.46 | 91,502.09 | 99,112.2 | 80,708.66 | 94,375.55 | 94,587.59 | 92,404.68 | 100,582.76 | 96,779.03 | 97,650.96 | 104,441.04 | 100,643.79 | 88,361.55 | 98,619.46 | 98,755.04 | 89,701.93 | 96,865.78 | 92,541.83 | 97,282.28 | 97,026.28 | 88,587.65 | 97,908.39 | 97,654.93 | 93,268.28 | 89,749.27 | 94,078.01 | 91,145.33 | 90,777.86 | 89,779.72 | 87,057.78 | 95,371.44 | |
| Average daily number of transfers | 874,210 | 872,137 | 961,447 | 907,130 | 883,980 | 906,477 | 879,075 | 872,174 | 926,908 | 898,466 | 880,083 | 889,394 | 830,576 | 839,265 | 912,515 | 857,058 | 848,433 | 865,601 | 846,199 | 838,945 | 905,598 | 878,335 | 857,392 | 869,256 | 810,797 | 830,344 | 886,199 | 818,192 | 819,443 | 816,322 | 781,259 | 772,588 | 844,199 | 747,346 | 777,173 | 800,036 | 736,172 | |
| Average daily value of transfers | 4,705.84 | 4,781.38 | 5,137.04 | 4,860.75 | 4,509.18 | 4,748.83 | 4,628.97 | 4,575.1 | 4,505.1 | 4,483.81 | 4,289.8 | 4,504.17 | 4,400.22 | 4,571.94 | 4,838.95 | 4,650.05 | 4,747.32 | 4,792.56 | 4,650.61 | 4,696.17 | 4,702.62 | 4,721.15 | 4,402.99 | 4,627.09 | 4,421.92 | 4,410.29 | 4,662.51 | 4,450.38 | 4,438.86 | 4,441.35 | 4,487.46 | 4,479.91 | 4,557.27 | 4,322.76 | 4,275.23 | 4,352.89 | 4,146.58 | |
| Average value per transfer | 5.38 | 5.48 | 5.34 | 5.36 | 5.1 | 5.24 | 5.27 | 5.25 | 4.86 | 4.99 | 4.87 | 5.06 | 5.3 | 5.45 | 5.3 | 5.43 | 5.6 | 5.54 | 5.5 | 5.6 | 5.19 | 5.38 | 5.14 | 5.32 | 5.45 | 5.31 | 5.26 | 5.44 | 5.42 | 5.44 | 5.74 | 5.8 | 5.4 | 5.78 | 5.5 | 5.44 | 5.63 | |
| Fedwire Securities Service5 | ||||||||||||||||||||||||||||||||||||||
| Transfers originated | 2,678,611 | 2,873,422 | 2,838,293 | 2,715,610 | 2,784,343 | 3,016,564 | 2,548,113 | 2,677,438 | 2,767,219 | 2,429,274 | 2,834,068 | 2,709,134 | 2,597,752 | 2,781,824 | 2,514,343 | 2,706,808 | 2,848,159 | 2,685,926 | 2,450,748 | 2,632,172 | 2,599,646 | 2,366,750 | 2,734,536 | 2,508,377 | 2,607,562 | 2,470,701 | 2,161,480 | 2,454,492 | 2,467,313 | 2,291,778 | 2,278,821 | 2,347,119 | 2,203,271 | 2,299,235 | 2,341,430 | 2,125,969 | 2,309,808 | |
| Value of transfers originated | 52,710.16 | 58,018.24 | 55,596.21 | 54,354.9 | 55,753.59 | 59,631.87 | 51,785.32 | 55,462.93 | 60,414.27 | 50,552.84 | 59,887.23 | 55,593.34 | 54,177.32 | 59,571.93 | 53,181.85 | 55,090.15 | 56,445.3 | 54,203.15 | 47,657.16 | 52,303.77 | 51,864.51 | 45,617.96 | 53,843.63 | 49,235.2 | 50,761.42 | 49,423.52 | 40,849.12 | 45,428.84 | 44,910.1 | 40,474.18 | 40,319.11 | 41,999.53 | 38,668.19 | 39,522.67 | 38,602.4 | 36,095.5 | 39,263.53 | |
| Average daily number of transfers | 127,553 | 124,931 | 135,157 | 135,781 | 126,561 | 137,117 | 134,111 | 133,872 | 125,783 | 134,960 | 128,821 | 129,006 | 123,702 | 126,447 | 125,717 | 128,896 | 129,462 | 127,901 | 128,987 | 125,342 | 123,793 | 124,566 | 124,297 | 125,419 | 118,526 | 112,305 | 113,762 | 111,568 | 112,151 | 109,132 | 113,941 | 111,768 | 110,164 | 109,487 | 111,497 | 106,298 | 100,426 | |
| Average daily value of transfers | 2,510.01 | 2,522.53 | 2,647.44 | 2,717.75 | 2,534.25 | 2,710.54 | 2,725.54 | 2,773.15 | 2,746.1 | 2,808.49 | 2,722.15 | 2,647.3 | 2,579.87 | 2,707.82 | 2,659.09 | 2,623.34 | 2,565.7 | 2,581.1 | 2,508.27 | 2,490.66 | 2,469.74 | 2,400.95 | 2,447.44 | 2,461.76 | 2,307.34 | 2,246.52 | 2,149.95 | 2,064.95 | 2,041.37 | 1,927.34 | 2,015.96 | 1,999.98 | 1,933.41 | 1,882.03 | 1,838.21 | 1,804.78 | 1,707.11 | |
| Average value per transfer | 19.68 | 20.19 | 19.59 | 20.02 | 20.02 | 19.77 | 20.32 | 20.71 | 21.83 | 20.81 | 21.13 | 20.52 | 20.86 | 21.41 | 21.15 | 20.35 | 19.82 | 20.18 | 19.45 | 19.87 | 19.95 | 19.27 | 19.69 | 19.63 | 19.47 | 20 | 18.9 | 18.51 | 18.2 | 17.66 | 17.69 | 17.89 | 17.55 | 17.19 | 16.49 | 16.98 | 17 |
Latest reading
Average daily value of transfers stood at 4,705.84 Billion USD in Aug 2026. That is −1.6% from Jul 2026 and +6.9% from a year earlier. The series on this page is monthly and runs from Jan 2015 to Aug 2026. Source: Federal Reserve Financial Services (Fedwire volume and value statistics).
- Latest
- 4,705.84 Billion USD
- Aug 2026
- vs previous period
- −1.6%
- Jul 2026
- vs a year earlier
- +6.9%
About this data
Monthly traffic on the two large-value settlement systems run by the Federal Reserve Banks: the Fedwire Funds Service, which moves central bank money between banks in real time and settles most interbank, securities and foreign-exchange payments in U.S. dollars, and the Fedwire Securities Service, which transfers Treasury, agency and mortgage-backed securities held in book-entry form. For each system the table gives the number and value of transfers originated, the average daily number and value, and the average size of a transfer. Funds data start in January 2015 and securities data in January 2007. Values are converted from millions to billions of dollars. Source: Federal Reserve Financial Services.
Frequently asked questions
- What does Fedwire payment volume measure?
- It measures the number and dollar value of transfers sent through the Fedwire Funds Service and the Fedwire Securities Service, including daily averages and average value per transfer.
- Who publishes this data and how often?
- Federal Reserve Financial Services publishes it monthly, with the series on this page running from January 2007.
- What is Fedwire used for?
- Fedwire Funds is the real-time gross settlement system for large-value US dollar payments between banks. Fedwire Securities handles the transfer and settlement of Treasury and agency securities.
- Why is Fedwire volume watched as an economic indicator?
- Because large-value payment flows track real settlement activity in the financial system, so sharp moves in value per transfer can flag stress before it shows in monthly statistics.
