Search Results
Journal Article
Fed continues efforts to convert to image technology
Journal Article
Redeposit service approved
Journal Article
Check 21 will lead to savings of time, money
Journal Article
The economics of Americans’ love affair with checks
Working Paper
New evidence on the Fed's productivity in providing payments services
As the dominant provider of payments services, the efficiency with which the Federal Reserve provides such services in an important public policy issue. This paper examines the productivity of Federal Reserve check-processing offices during 1980-1999 using non-parametric estimation methods and newly developed methods for non-parametric inference and hypothesis testing. The results support prior studies that found little initial improvement in the Fed's efficiency with the imposition of pricing for Federal Reserve services in 1982. However, we find that median productivity improved ...
Discussion Paper
Do bank mergers affect Federal Reserve check volume?
The recent decline in the Federal Reserve?s check volumes has received a lot of attention. Although switching to electronic payments methods and electronic check-processing has been credited for much of that decline, some of it could be caused by changes following bank mergers involving Federal Reserve customer banks. This paper evaluates the effect of bank mergers on Federal Reserve check-processing volumes. ; Using inflow-outflow and regression methods, we find that mergers between two or more Reserve Bank customers have resulted in volume losses, especially during the first quarter ...
Journal Article
New Fed policy addresses cash access discrepancies
Journal Article
Check 21 basics: a quick guide for consumer advocates
Check 21 is changing how the country?s checks are processed. The Boston Fed?s Carol Lewis answers questions about how this new law affects consumers.
Journal Article
Legislating funds availability