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Table 4.XVIII

New York City (NYC)
Clearing Houses

 
     
 
The Depository Trust & Clearing Corporation (DTCC)
55 Water St., Fl 49
New York, NY 10041-0099
Tel: (212) 855-1000
Fax: (212) 855-8440
www.dtcc.com
 
     
 

2013 Highlights

  • Total Revenue: $1,236,681 (in thousands)
  • Value of transactions settled by DTCC: $1.6 (in quadrillions)
  • Average Daily Value of Equity Trades Cleared: $822.3 (in billions)
  • Value of Active Issues heldat DTCC: $42.9 (in trillions)
  • Value of Mortgage Backed Securities (MBS) Cleared: $54.1 (in trillions)

The Depository Trust & Clearing Corporation (DTCC), and its subsidiaries provide the infrastructure for clearing, settlement, and custody of most US securities transactions. The DTCC was founded in 1999, when operating companies the Depository Trust Company (DTC) and National Securities Clearing Company (NSCC) -- both of which were founded in the 1970s -- were combined under a single holding structure. DTC is the world's largest securities depository and a clearinghouse for trading settlement; NSCC processes most broker-to-broker equity, corporate, and municipal bond trades in the U.S.

 
     
     
 
The Clearing House
(New York Clearing House)

100 Broad St., Fl 22
New York, NY 10004
Tel: (212) 612-9200
Fax: (212) 613-0184
www.nych.org
 
     
  The Clearing House is a provider of bank and check clearing services. It is the nation's first and largest bank clearing house. It is owned by US commercial banks. Before the Federal Reserve System was established in 1913, The Clearing House stabilized currency fluctuations and carried the monetary system through recurring times of panic. Since then, they have used organizational talent and technological innovation to meet the demands of the payments industry and its regulatory environment.  
     
 
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Sources:
DTCC.com
DTCC-Annual-Report-2013
www.nych.org