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Code · U.S. Code · Title 12 - BANKS AND BANKING · CHAPTER 50— CHECK TRUNCATION · § 5016

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§ 5016. Statistical reporting of costs and revenues for transporting checks between reserve banks

115 words·~1 min read·/usc/title-12/section-5016

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In the annual report prepared by the Board for the first full calendar year after October 28, 2003, and in each of the 9 subsequent annual reports by the Board, the Board shall include the amount of operating costs attributable to, and an estimate of the Federal Reserve banks’ imputed revenues derived from, the transportation of commercial checks between Federal Reserve bank check processing centers.

(Pub. L. 108–100, § 17, Oct. 28, 2003, 117 Stat. 1191.)

Connections2 cite this · traces to 1

Cited by 2 sections

statute-compilations

Sec. 17
STATISTICAL REPORTING OF COSTS AND REVENUES FOR TRANSPORTING CHECKS BETWEEN RESERVE BANKS

statutes-at-large

Public Law 108–100
To facilitate check truncation by authorizing substitute checks, to foster innovation in the check collection system without mandating receipt of checks in electronic form, and to improve the overall efficiency of the Nation’s payments system, and for other purposes

Traces to 1 document

U.S. Code

Findings; purposes
§ 5001

3 references not yet in our index

Pub. L. 108–100, § 17
117 Stat. 1191
section 20 of Pub. L. 108–100

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cites case law

§ 5016

Statistical reporting of costs and revenues for transporting checks between reserve banks

Stat. Comp.×1

Stat.×1

Pub. L.Pub. L. 108–100, § 17

Stat.117 Stat. 1191

Pub. L.section 20 of Pub. L. 108–100

Cites 4Cited by 2 across 2 sources