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2015–16 Diary of Consumer Payment Choice 12/19/2017 2015–16 DCPC Table of Contents Payments by Type of Payment Instrument Table 1a Table 1b Table 2a Table 2b Average number and value per consumer, October 1–31, 2016 Percentage shares per consumer, October 1–31, 2016 Average number and value per consumer, October 16–November 15, 2015 Percentage shares per consumer, October 16–November 15, 2015 Changes in Payments by Type of Payment Instrument Table 3a Table 3b Change in number and value per consumer, 2015–2016 Percentage point change in shares per consumer, 2015–2016 Cash Holdings on Person Table 4 Table 5 Average number of bills and value per consumer, October 1–31, 2016 Average number of bills and value per consumer, October 16–November 15, 2015 Changes in Cash Holdings on Person Table 6 Change in average number of bills and value per consumer, 2015–2016 (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 1a Payments by Type of Payment Instrument Average number and value per consumer, October 1–31, 2016 Value ($) Number (#) per consumer per month All payments 45.9 [44.2, 47.6] Paper instruments 17.6 65.9 [969, 1348] [55.8, 76.1] 306 21.6 [13.3, 15.0] [271, 340] [19.5, 23.7] 3.4 853 [3.0, 3.8] [667, 1039] Payment cards 22.0 1053 248.9 [203.7, 294.1] 47.9 [20.9, 23.1] [975, 1130] [45.1, 50.7] 12.4 546 44.0 [11.5, 13.3] [491, 602] [40.6, 47.3] Debit....................................................... Credit...................................................... 8.3 471 56.5 [7.6, 9.1] [414, 529] [51.3, 61.7] 1.2 35 29.3 [1.0, 1.4] [22, 48] [21.4, 37.3] Prepaid/Gift/EBT card........................... Electronic payments Other electronics†.................................. 1159 [77.2, 91.6] 14.1 Check and other paper instruments*....... Online banking bill payment (OBBP).... [3505, 4243] 84.4 [16.6, 18.5] Cash........................................................ Bank account number payment (BANP) 3874 per transaction 6.4 [5.7, 7.0] 2.1 [1.7, 2.4] 2.3 [1.9, 2.6] 2.0 [1.7, 2.2] 1663 [1381, 1946] 633 [483, 782] 671 [474, 869] 359 [246, 472] 261.3 [221.8, 300.8] 302.8 [236.6, 369.0] 293.6 [218.6, 368.6] 180.6 [127.8, 233.5] * "Other paper" includes money orders and traveler's checks. † The term "other electronics" includes the following payment instruments: mobile payments, PayPal payments, account to account transfers, direct from income deductions, "other", multiple payment methods for one payment, and unreported payment methods. (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 1b Payments by Type of Payment Instrument Percentage shares per consumer, October 1–31, 2016 All payments Paper instruments Cash................................................................................................... Check and other paper instruments*.................................................. Payment cards Debit.................................................................................................. Credit................................................................................................. Prepaid/Gift/EBT card...................................................................... Electronic payments Bank account number payment (BANP)........................................... Online banking bill payment (OBBP)............................................... Other electronics†............................................................................. Number (#) Value ($) 100 — 100 — 38.3 29.9 [36.6, 39.9] [25.9, 33.9] 30.8 7.9 [29.3, 32.4] [6.8, 9.0] 7.5 22.0 [6.6, 8.3] [18.0, 26.0] 47.8 27.2 [46.3, 49.4] [24.5, 29.8] 27.1 14.1 [25.4, 28.8] [12.4, 15.8] 18.2 12.2 [16.7, 19.6] [10.5, 13.8] 2.6 0.9 [2.1, 3.1] [0.6, 1.2] 13.9 42.9 [12.7, 15.0] [38.4, 47.5] 4.6 16.3 [3.8, 5.3] [13.0, 19.7] 5.0 17.3 [4.3, 5.7] [13.0, 21.6] 4.3 9.3 [3.8, 4.9] [6.5, 12.0] * "Other paper" includes money orders and traveler's checks. † The term "other electronics" includes the following payment instruments: mobile payments, PayPal payments, account to account transfers, direct from income deductions, "other", multiple payment methods for one payment, and unreported payment methods. (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 2a Payments by Type of Payment Instrument Average number and value per consumer, October 16–November 15, 2015 Value ($) Number (#) per consumer per month All payments 51.4 [48.0, 54.8] Paper instruments 20.4 54.3 [803, 1412] [40.0, 68.7] 381 22.3 [15.2, 19.0] [291, 470] [18.1, 26.5] 3.3 727 [2.5, 4.1] [434, 1020] Payment cards 25.7 1308 221.4 [142.6, 300.1] 50.9 [23.2, 28.3] [1118, 1499] [45.5, 56.3] 15.2 686 45.2 [12.9, 17.5] [535, 836] [38.2, 52.3] Debit....................................................... Credit...................................................... 9.4 583 62.1 [7.9, 10.8] [460, 705] [53.5, 70.6] 1.2 40 34.0 [0.7, 1.6] [16, 64] [18.8, 49.3] Prepaid/Gift/EBT card........................... Electronic payments Other electronics†.................................. 1108 [61.4, 78.7] 17.1 Check and other paper instruments*....... Online banking bill payment (OBBP).... [3107, 4093] 70.0 [18.3, 22.4] Cash........................................................ Bank account number payment (BANP) 3600 per transaction 5.3 [4.3, 6.3] 1.8 [1.2, 2.3] 2.4 [1.7, 3.1] 1.1 [0.7, 1.4] 1184 [880, 1488] 406 [263, 549] 679 [424, 935] 99 [57, 140] 223.8 [175.8, 271.7] 228.5 [165.0, 292.0] 280.9 [189.9, 371.9] 90.1 [54.7, 125.4] * "Other paper" includes money orders and traveler's checks. † The term "other electronics" includes the following payment instruments: mobile payments, PayPal payments, account to account transfers, direct from income deductions, "other", multiple payment methods for one payment, and unreported payment methods (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 2b Payments by Type of Payment Instrument Percentage shares per consumer, October 16–November 15, 2015 All payments Paper instruments Cash................................................................................................... Check and other paper instruments*.................................................. Payment cards Debit.................................................................................................. Credit................................................................................................. Prepaid/Gift/EBT card...................................................................... Electronic payments Bank account number payment (BANP)........................................... Online banking bill payment (OBBP)............................................... Other electronics†............................................................................. Number (#) Value ($) 100 — 100 — 39.7 30.8 [36.4, 42.9] [24.2, 37.3] 33.3 10.6 [30.0, 36.6] [7.8, 13.3] 6.4 20.2 [5.0, 7.8] [13.5, 26.9] 50.0 36.3 [46.8, 53.3] [31.2, 41.5] 29.5 19.0 [25.8, 33.2] [14.8, 23.3] 18.3 16.2 [15.7, 20.9] [13.0, 19.4] 2.3 1.1 [1.4, 3.1] [0.4, 1.8] 10.3 32.9 [8.4, 12.2] [26.4, 39.3] 3.5 11.3 [2.4, 4.5] [7.6, 15.0] 4.7 18.9 [3.4, 6.0] [12.8, 24.9] 2.1 2.7 [1.5, 2.8] [1.6, 3.9] * "Other paper" includes money orders and traveler's checks. † The term "other electronics" includes the following payment instruments: mobile payments, PayPal payments, account to account transfers, direct from income deductions, "other", multiple payment methods for one payment, and unreported payment methods. (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 3a Changes in Payments by Type of Payment Instrument Change in number and value per consumer, 2015–2016 Change in value ($) Change in number (#) per consumer per month All payments -5.5 275 14.4 [-9.4, -1.6] [-341, 890] [3.1, 25.7] -2.8 51 11.6 [-5.1, -0.6] [-308, 410] [-6.0, 29.2] -3.0 -75 -0.7 [-5.0, -0.9] [-171, 21] [-5.4, 4.0] 0.1 126 27.5 [-0.7, 1.0] [-221, 474] [-63.2, 118.3] Paper instruments Cash........................................................ Check and other paper instruments*....... Payment cards -3.8 [-9.0, 3.2] -2.7 -139 -1.3 [-5.2, -0.3] [-299, 21] [-9.1, 6.6] -1.0 -111 -5.6 [-2.7, 0.6] [-247, 24] [-15.6, 4.5] 0.0 -5 -4.7 [-0.5, 0.5] [-32, 22] [-21.9, 12.5] 1.1 479 37.5 [-0.1, 2.3] 0.3 [-0.3, 1.0] -0.1 [-0.9, 0.6] 0.9 [0.5, 1.3] [64, 894] 227 [20, 433] -8 [-331, 315] 260 [140, 381] [-24.6, 99.6] 74.3 [-17.5, 166.0] 12.7 [-105.2, 130.7] 90.5 [26.9, 154.1] Prepaid/Gift/EBT card........................... Electronic payments Other electronics†.................................. -2.9 [-461, -50] Credit...................................................... Online banking bill payment (OBBP).... -256 [-6.6, -1.0] Debit....................................................... Bank account number payment (BANP) per transaction * "Other paper" includes money orders and traveler's checks. † The term "other electronics" includes the following payment instruments: mobile payments, PayPal payments, account to account transfers, direct from income deductions, "other", multiple payment methods for one payment, and unreported payment methods. (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 3b Changes in Payments by Type of Payment Instrument Percentage point change in shares per consumer, 2015–2016 All payments Paper instruments Cash................................................................................................... Check and other paper instruments*.................................................. Payment cards Debit.................................................................................................. Credit................................................................................................. Prepaid/Gift/EBT card...................................................................... Electronic payments Bank account number payment (BANP)........................................... Online banking bill payment (OBBP)............................................... Other electronics†............................................................................. Change in number (#) Change in value ($) — — — — -1.4 -0.9 [-4.8, 2.1] [-8.6, 6.8] -2.5 -2.7 [-5.9, 1.0] [-5.5, 0.2] 1.1 1.8 [-0.5, 2.7] [-6.0, 9.7] -2.2 -9.2 [-5.7, 1.3] [-14.8, -3.5] -2.4 -4.9 [-6.2, 1.4] [-9.4, -0.5] -0.1 -4.0 [-2.8, 2.6] [-7.5, -0.6] 0.3 -0.2 [-0.7, 1.3] [-1.0, 0.5] 3.6 10.0 [1.4, 5.8] [2.1, 18.0] 1.1 5.0 [-0.1, 2.3] [0.0, 10.1] 0.3 -1.5 [-1.2, 1.8] [-8.9, 5.8] 2.2 6.5 [1.4, 3.0] [3.5, 9.5] * "Other paper" includes money orders and traveler's checks. † The term "other electronics" includes the following payment instruments: mobile payments, PayPal payments, account to account transfers, direct from income deductions, "other", multiple payment methods for one payment, and unreported payment methods. (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 4 Cash Holdings on Person Average number of bills and value per consumer, October 1–31, 2016 Number of bills (#) Value ($) Average All bills $1................................................ $2................................................ $5................................................ $10.............................................. $20.............................................. $50.............................................. $100............................................ Mean Median Mean Median 5.6 [5.3, 5.9] 2.6 [2.5, 2.8] 0.0 [0.0, 0.0] 0.8 [0.7, 0.9] 0.5 [0.5, 0.6] 1.4 [1.3, 1.5] 0.1 [0.1, 0.2] 0.1 [0.1, 0.1] 4.1 57.2 [52.5, 61.9] 2.6 [2.5, 2.8] 0.0 [0.0, 0.1] 4.0 [3.7, 4.3] 5.3 [4.8, 5.9] 28.1 [25.7, 30.5] 5.6 [3.1, 8.1] 11.5 [9.2, 13.9] 24.0 100.0 — 4.6 [4.2, 5.0] 0.1 [0.1, 0.1] 6.9 [6.3, 7.6] 9.3 [8.3, 10.3] 49.1 [45.5, 52.7] 9.8 [5.9, 13.8] 20.2 [16.8, 23.5] — 2.0 0.0 0.3 0.0 0.3 0.0 0.0 2.0 0.0 1.6 0.0 6.6 0.0 0.0 Percentage shares by denomination All bills $1................................................ $2................................................ $5................................................ $10.............................................. $20.............................................. $50.............................................. $100............................................ 100.0 — 46.9 [45.3, 48.5] 0.4 [0.3, 0.6] 14.1 [13.4, 14.9] 9.5 [8.6, 10.3] 25.0 [23.4, 26.5] 2.0 [1.1, 2.9] 2.1 [1.7, 2.5] — — — — — — — — (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. — — — — — — — 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 5 Cash Holdings on Person Average number of bills and value per consumer, October 16–November 15, 2015 Number of bills (#) Value ($) Average All bills $1................................................ $2................................................ $5................................................ $10.............................................. $20.............................................. $50.............................................. $100............................................ Mean Median Mean Median 5.2 [4.8, 5.7] 2.6 [2.3, 2.8] 0.0 [0.0, 0.1] 0.7 [0.6, 0.8] 0.5 [0.4, 0.5] 1.4 [1.2, 1.6] 0.1 [0.0, 0.1] 0.1 [0.1, 0.1] 4.0 50.9 [43.8, 58.1] 2.6 [2.3, 2.8] 0.1 [0.0, 0.1] 3.3 [2.9, 3.8] 4.6 [3.8, 5.3] 27.2 [23.1, 31.3] 2.8 [1.6, 4.0] 10.4 [5.9, 14.8] 23.0 100.0 — 5.0 [4.3, 5.8] 0.1 [0.0, 0.2] 6.5 [5.5, 7.5] 9.0 [7.3, 10.7] 53.4 [47.4, 59.4] 5.6 [3.4, 7.7] 20.4 [13.5, 27.3] — 2.0 0.0 0.2 0.0 0.5 0.0 0.0 2.0 0.0 1.2 0.0 9.4 0.0 0.0 Percentage shares by denomination All bills $1................................................ $2................................................ $5................................................ $10.............................................. $20.............................................. $50.............................................. $100............................................ 100.0 — 49.0 [46.0, 51.9] 0.6 [0.1, 1.1] 12.6 [11.3, 13.9] 8.7 [7.5, 10.0] 26.0 [23.1, 28.9] 1.1 [0.6, 1.5] 2.0 [1.1, 2.8] — — — — — — — — (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco. — — — — — — — 2015–16 Diary of Consumer Payment Choice 12/19/2017 Table 6 Change in Cash Holdings on Person Change in average number of bills and value per consumer, 2015–2016 Average All bills $1............................................................................. $2............................................................................. $5............................................................................. $10........................................................................... $20........................................................................... $50........................................................................... $100......................................................................... Change in number (#) Change in value ($) 0.4 [-0.2, 0.9] 0.1 [-0.2, 0.4] 0.0 [0.0, 0.0] 0.1 [0.0, 0.2] 0.1 [0.0, 0.2] 0.0 [-0.2, 0.3] 0.1 [0.0, 0.1] 0.0 [0.0, 0.1] 6.3 [-2.3, 14.8] 0.1 [-0.2, 0.4] 0.0 [-0.1, 0.0] 0.7 [0.1, 1.2] 0.7 [-0.2, 1.7] 0.8 [-3.9, 5.6] 2.8 [0.0, 5.6] 1.1 [-3.9, 6.2] — — -2.0 [-5.3, 1.3] -0.1 [-0.7, 0.4] 1.5 [0.0, 3.0] 0.7 [-0.8, 2.2] -1.0 [-4.2, 2.1] 0.9 [-0.1, 1.9] 0.1 [-0.8, 1.0] -0.4 [-1.2, 0.4] 0.0 [-0.1, 0.1] 0.5 [-0.7, 1.6] 0.3 [-1.6, 2.2] -4.4 [-11.2, 2.5] 4.3 [-0.2, 8.7] -0.2 [-7.6, 7.2] Percentage point change All bills $1............................................................................. $2............................................................................. $5............................................................................. $10........................................................................... $20........................................................................... $50........................................................................... $100......................................................................... (c) 2017 Federal Reserve Banks of Boston, Richmond, and San Francisco.
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