August 2016

 

Key Messages:

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Between August 2014 and August 2016, the dollar amount of interbank checks increased by 11.6% or 5.8% per year.

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Between August 2014 and August 2016, the volume of interbank checks declined by an annual average of only 2.06%.

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For 2015 the return rate was .38% which is the lowest annual return rate yet. So far for 2016 it is .39%

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More than 20,200 routing transit numbers are available to receive check images and over 20,300 are available to receive image returns.

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On an average day during August 2016, over 47 million interbank check images were received for posting. When the August volume is annualized, it totals 12 billion for $18.9 trillion.  The annualized volume of substitute checks received in August 2016 totaled only 582 thousand for $866 million.

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

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