December 2015

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% around the end of 2011.

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Between December 2013 and December 2015, the volume of interbank checks declined by an annual average of 3.68%.

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On an average day in December 2015, over 203,000 items were received by BOFDs as unpaid image returns.  This represents a return rate of 0.39%.

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More than 25,500 routing transit numbers are available to receive check images and over 19,900 are available to receive returns.

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On an average day during December 2015, over 51 million interbank check images were received for posting. When the December volume is annualized, it totals 13 billion for $20.1 trillion.  The annualized volume of substitute checks received in December 2015 totaled only 71 thousand for $102 million.
(click the right and left arrows on the image below to navigate the slides or click here for full size file)

 

 

 

 

 

 

 

 

 

 

 

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