Journal Article
Perspective: While more people are paying electronically, many of us still cling to checks.
Stavins, Joanna (2001-10-04)
Regional Review , Volume 11 , Issue Q 4 , Pages 2 - 4

Journal Article
The economics of Americans’ love affair with checks
anonymous (2001-04)
Financial Update , Volume 14 , Issue Apr , Pages 2

Working Paper
Market failure and resource use: economic incentives to use different payment instruments
Berger, Allen N.; Humphrey, David B. (1988)
Finance and Economics Discussion Series , Paper 34

Report
A general equilibrium analysis of check float
McAndrews, James J.; Roberds, William (1999)
Households and businesses in the U.S. prefer to use check payment over less costly, electronic means of payment. Earlier studies have focused on check ?float,? i.e., the time lag between receipt and clearing, as a potential explanation for the continued popularity of checks. An underlying assumption of these studies is that check float operates as a pure transfer from payee to payor. ; We construct a simple general equilibrium model in which payments are made by check. In general equilibrium, check float need not act as a transfer. If float can be priced into market transactions, then it has ...
Staff Reports , Paper 84

Working Paper
Getting rid of paper: savings from Check 21
Hunt, Robert M.; Humphrey, David B. (2012)
The authors estimate the cost savings to the U.S. payment system resulting from implementing Check 21. This legislation initially permitted a paper substitute digital image of a check, and later an electronic digital image of a check, to be processed and presented for payment on a same-day basis. Check 21 has effectively eliminated the processing and presentment of original paper checks over multiple days. By shifting to electronic collection and presentment, the Federal Reserve reduced its per item check processing costs by over 70 percent, reducing estimated overall payment system costs by ...
Working Papers , Paper 12-12

Journal Article
Extension of period for comment
anonymous (1986-03)
Federal Reserve Bulletin , Issue Mar

Journal Article
Delayed availability
Klitgaard, Thomas; Beebe, Jack (1983)
FRBSF Economic Letter

Journal Article
Float
Beebe, Jack H. (1982)
FRBSF Economic Letter

Journal Article
The rise and fall of Federal Reserve float
Young, John E. (1986-02)
Economic Review , Volume 71 , Issue Feb , Pages 28-38

Conference Paper
Market failure and resource use: economic incentives to use different payment instruments
Berger, Allen N.; Humphrey, David B. (1988)
Proceedings