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Keywords:Check collection systems 

Journal Article
RCPC's--transitional step

Economic Review , Issue Jul , Pages 11-15

Working Paper
Non-parametric, unconditional quantile estimation for efficiency analysis with an application to Federal Reserve check processing operations

This paper examines the technical efficiency of U.S. Federal Reserve check processing offices over 1980?2003. We extend results from Park et al. (2000) and Daouia and Simar (2007) to develop an unconditional, hyperbolic, a-quantile estimator of efficiency. Our new estimator is fully non-parametric and robust with respect to outliers; when used to estimate distance to quantiles lying close to the full frontier, it is strongly consistent and converges at rate root-n, thus avoiding the curse of dimensionality that plagues data envelopment analysis (DEA) estimators. Our methods could be used by ...
Working Papers , Paper 2005-027

Journal Article
A comparison of social costs and benefits of paper check presentment and ECP with truncation

Each year, about 60 billion checks are collected in the United States. While the shares of electronic payments methods such as the automated clearing house and credit and debit cards have been growing in recent years, the volume of checks has grown by more in absolute numbers during the last 20 years than all electronic payments methods combined. Partly because of their convenience, checks remain an extremely popular way to carry out transactions. Since it seems that checks will be around for the foreseeable future, it makes sense to try to improve the process of their collection.> This ...
New England Economic Review , Issue Jul , Pages 27-44

Journal Article
Redeposit service approved

Federal Reserve Bulletin , Issue May

Journal Article
Fed vice chair sees promise of proposed Check Truncation Act

If the proposed Check Truncation Act is enacted, it will remove existing legal barriers to the use of new technology in check processing. These reforms will make check collections more efficient and more cost effective.
Financial Update , Volume 16 , Issue Q 2

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.
Financial Update , Volume 20 , Issue 1

Journal Article
Proposed concept of same-day payment for checks

Federal Reserve Bulletin , Issue Jun , Pages 382

Journal Article
Comment period on same-day payment of checks extended through December 1, 1988

Federal Reserve Bulletin , Issue Sep

Journal Article
Fed’s check modernization initiative in full swing

Financial Update , Volume 14 , Issue Jan , Pages 1, 9


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