Fed Banks To Examine Check & Electronic Payments Usage

Friday, January 22, 2010 at 2:29PM
Banking Spectrum in Banking News

The Federal Reserve Banks have announced plans to conduct another series of studies to determine the current volume and composition of check and electronic payments in the United States. These studies will build on information gained from similar studies conducted by the Reserve Banks in 2001, 2004 and 2007.

The 2010 Federal Reserve Payments Study consists of three research efforts commissioned to estimate the annual number, dollar value and composition of retail noncash payments in the United States. Together, the studies will provide aggregate estimates and current trends in the use of noncash payment instruments by U.S. consumers and businesses.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).