Assets: Other Factors Supplying Reserve Balances: Float: Week Average

WOFSRBFA • Economic Data from Federal Reserve Economic Data (FRED)

Latest Value

-457.00

Year-over-Year Change

49.35%

Date Range

6/7/2006 - 7/30/2025

Summary

This economic indicator tracks the weekly average of float in the Federal Reserve's balance sheet, representing the time lag between when a check is deposited and when funds are actually transferred. It provides insights into the efficiency of the banking system's payment processing and potential temporary monetary fluctuations.

Analysis & Context

This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.

Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.

About This Dataset

Float represents the period when funds are in transit between financial institutions, reflecting the time difference between when a payment is initiated and when funds are actually cleared. Economists use this metric to understand payment system dynamics and potential short-term monetary liquidity variations.

Methodology

The Federal Reserve calculates this data by tracking the time difference between check deposits and actual fund transfers across the banking system.

Historical Context

This indicator helps monetary policymakers and financial analysts assess the operational efficiency of the U.S. payment infrastructure and potential short-term monetary supply impacts.

Key Facts

  • Float represents the time lag in fund transfers between financial institutions
  • Measured as a weekly average by the Federal Reserve
  • Provides insights into payment system efficiency and potential monetary fluctuations

FAQs

Q: What exactly is 'float' in banking?

A: Float is the time period between when a check is deposited and when the funds are actually transferred and available. It represents a temporary gap in the payment processing system.

Q: Why do economists track float?

A: Tracking float helps understand payment system efficiency, potential monetary liquidity variations, and the operational dynamics of financial transactions.

Q: How is float calculated?

A: The Federal Reserve calculates float by measuring the time difference between check deposits and actual fund clearances across the banking system.

Q: What does float indicate about the banking system?

A: Float can reveal the technological and operational efficiency of payment processing and potential bottlenecks in fund transfers.

Q: How often is float data updated?

A: The float data is typically updated on a weekly basis, providing a current snapshot of payment system performance.

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Citation

U.S. Federal Reserve, Assets: Other Factors Supplying Reserve Balances: Float: Week Average [WOFSRBFA], retrieved from FRED.

Last Checked: 8/1/2025