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Table 2.XXII |
Clearing Houses |
The
Depository Trust & Clearing Corporation 55 Water St., Fl 49 New York, NY 10041-0099 (Map) Tel: (212) 855-1000 Fax: (212) 855-8440 http://www.dtcc.com |
2005 Value of book
entry DTCC deliveries: $148.2 trillion |
| The Depository Trust & Clearing Corporation (DTCC), and its subsidiaries provide the infrastructure for clearing, settlement, and custody of most US securities transactions. DTCC was founded in 1999 when operating companies The Depository Trust Company (DTC) and the 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 US. |
| Source: |
| DTCC Website |
| Hoovers Business Online |
The
Clearing House (New York Clearing House) 100 Broad St., FL 22 New York, NY 10004 Tel: (212) 612-9200 Fax: (212) 613-0184 http://www.nych.org |
| 2005 Sales: $75,700,000 2005 Number of Employees: 200 2003 Daily average value of payments cleared: $1.4 trillion (latest available) |
| 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. |
| Source: |
| The Clearing House Factsheet |