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
Upstairs downstairs: how introducing computer technology changed skills and pay on two floors of Cabot Bank
Levy, Frank; Autor, David H.; Murnane, Richard J. (2002-04-02)
Assessing the differing impacts of a new computer technology on skills and pay in two departments of a large bank.
Regional Review , Volume 12 , Issue Q 2 , Pages 22-30

Journal Article
Float in check clearing creates challenges for banks and the Fed
anonymous (2000-04)
Financial Update , Volume 13 , Issue Apr , Pages 8-9

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

Journal Article
The economics of check float
McAndrews, James J.; Roberds, William (2000-10)
Checks continue to dominate the market for noncash retail payments in the United States. Each year, U.S. residents write between 65 billion and 70 billion checks, an average of one check per business day per resident. This dependence on checks is unique among developed countries. It is also extremely costly: by switching from checks to other forms of payment, U.S. residents would save between $60 billion and $100 billion dollars per year. ; Why do checks continue to see such wide use within the United States? Economists' explanations have focused on check "float," which is the interest ...
Economic Review , Volume 85 , Issue Q4 , Pages 17-27

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

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

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

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

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