The Depository Trust & Clearing Corp. cleared over $1 quadrillion in assets for the first time in 2004, topping its 2003 volume of $923 trillion by 22%.

Most of the firm's subsidiaries saw double-digit increases in volume, including mutual funds, which were up 19%. DTCC handled 103.8 million mutual fund transactions, amounting to $1.5 trillion in value.

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