Turnover in Fedwire Funds Has Dropped Considerably since the Crisis, but It’s Okay (August 25, 2014)

The Fedwire® Funds Service is a large-value payment system, operated by the Federal Reserve Bank of New York, that facilitates more than $3 trillion a day in payments. Turnover in Fedwire Funds, the value of payments made for every dollar of liquidity provided, has dropped nearly 75 percent since the crisis. Should we be concerned? In this post,…
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