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Journal Article
The economics of Americans’ love affair with checks
Journal Article
Automated check processing
Journal Article
Check 21 growth shows no sign of slowing
Financial institutions' use of Check 21 continues to grow rapidly. In 2006, the Atlanta Fed processed 10 times as many Check 21 transactions as it did in 2005, and the trend is expected to accelerate.
Journal Article
Fed’s check modernization initiative in full swing
Journal Article
A visible hand: the Fed's involvement in the check payments system
It is common knowledge that the Federal Reserve System was originally set up to provide the nation with a stable currency and a sound banking system. Less well known, however, is why the Fed was given an operating role in the nation's payments system. In this article, James N. Duprey and Clarence W. Nelson describe the problems of the check payments system before the Fed was created, suggest reasons why the private sector was unable to resolve them, and indicate how the framers of the Federal Reserve Act intended to have the Fed resolve them. Duprey and Nelson argue that while a unified ...
Journal Article
The Fed's entry into check clearing reconsidered
Journal Article
Regulation effective January 3, 1994