Virtual Tour
Moving Money at Near Light Speed
Watch the numbers change as Fedwire transfers trillions of dollars each day.
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Fedwire electronically transfers nearly $3 trillion every day.Over half of this total involves payments among 10,000 financial institutions. Fedwire transfers are immediate and not revocable. Although the average amount transferred is in the millions of dollars, many transfers are less than $1,000. The balance of Fedwire transfers involve transactions in U.S. government and agency securities. Changes in ownership are recorded via an electronic bookkeeping system operated by the Federal Reserve. |