April 2016

Key Messages:

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This CheckImage Collaborative image clearing report reflects transactions settled through the Federal Reserve, Viewpointe, The Clearing House and local / regional exchanges.

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Implementation of check image exchange for check collections is virtually complete.  As a result, the volume of check images received at the paying bank will mirror the overall transit check volumes.  The volume of interbank checks exchanged via image reached 100% during 2011.

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Between April 2014 and April 2016, the volume of interbank checks declined by an annual average of 3.4%.

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For 2015 the return rate was only .38% which is the lowest annual return rate yet. So far for 2016 it is .35%

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More than 20,500 routing transit numbers are available to receive check images and over 20,100 are available to receive image returns.

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On an average day during April 2016, over 49 million interbank check images were received for posting. When the April volume is annualized, it totals 12.4 billion for $19 trillion.  The annualized volume of substitute checks received in April 2016 totaled only 714 thousand for $1 billion.

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Data Sources: Transactions settled through the Federal Reserve, Viewpointe, The Clearing House, selected ECCHO Full and Participating Members and other local / regional exchanges

(click the right and left arrows on the image below to navigate the slides or click here for full size file)