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Keywords:Check collection systems 

Journal Article
The par collection system of the Federal Reserve Banks

Federal Reserve Bulletin , Issue Feb

Journal Article
Automated check processing

Review , Volume 49 , Issue Jun , Pages 15-16

Journal Article
Statement to Congress, September 8, 1988 (consumer provisions)

Federal Reserve Bulletin , Issue Nov

Journal Article
New services available to facilitate the same-day settlement of checks

Federal Reserve Bulletin , Issue Aug

Journal Article
Technology improvements enhance check adjustment services

Financial Update , Issue Jan , Pages 5

Journal Article
Banks make deposits available sooner

Cross Sections , Issue Fall , Pages 1

Journal Article
The check float puzzle

Economic Quarterly , Issue Sum , Pages 1-26

Working Paper
The founders' intentions: sources of the payments services franchise of the Federal Reserve banks

The reserve banks check collection service was designed in 1913 to serve as "glue," attaching the new central bank to the commercial and financial markets through member banks. Successful creation and operation of the Federal Reserve System was thought to be more likely if the reserve banks could do more for member banks than lend occasionally and administer the reserve requirement tax. Initial drafts of the Federal Reserve Act would have allowed member banks to use required reserve deposits only for making interbank transfers. But correspondent banking relationships already provided ...
Financial Services working paper , Paper 96-03

Journal Article
Improving the nation's payments system: advice to the Fed

Financial Update , Volume 12 , Issue Apr , Pages 4-5

Working Paper
Effects of Federal Reserve services on the efficiency of the system for collecting checks in the United States: 1915--30

This paper investigates whether the services of the Federal Reserve System improved the efficiency of the system in the United States for collecting checks relative to the efficiency of the system used by banks just prior to the formation of the Federal Reserve. There are two types of evidence that the Fed's services improved efficiency. First, the Reserve Banks quickly became major processors of interregional checks, even though banks could have continued to use the prior payments arrangements. Second, declines in the ratios of cash to total assets of banks can be attributed to the ...
Working Papers , Paper 1999-014

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