Payment instructions – 2011

processed by TARGET and other selected interbank funds transfer systems:
Value of transactions (EUR billions)
2011 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2011 AV
TARGET
TARGET payments
Total value 49,033.1 45,710.3 51,327.1 43,974.9 49,335.1 49,045.6 47,725.1 52,853.7 54,250.2 54,098.3 56,932.8 58,649.8  
Daily average 2,334.9 2,285.5 2,231.6 2,314.5 2,242.5 2,229.3 2,272.6 2,298.0 2,465.9 2,576.1 2,587.9 2,792.8 2,383.5
Other systems
EURO 1 (EBA)
Total value 5,142 4,804 5,315.5 4,676 5,312 5,235 5,093 5,511 5,719 5,553 5,872 5,791  
Daily average 244.9 240.2 231.1 246.1 241.4 237.9 242.5 239.6 259.9 264.4 266.9 275.7 249.1

Please note, from January 2009 the ESCB has implemented a new collection and reporting methodology for TARGET2 data to improve quality. This should be considered when comparing data from before and after the implementation date.