December 2016

Key Messages:

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The volume of transit check images declined from year 2015 to year 2016 by only 2.58%.

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The dollar amount of transit check images grew from year 2015 to year 2016 by .46%.

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For a second year in a row, the return rate was .38% which is the lowest annual return rate yet.

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More than 20,100 routing transit numbers are available to receive check images and over 20,400 are available to receive image returns.

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On an average day during December 2016, over 50 million interbank check images were received for posting. When the December volume is annualized, it totals 12.6 billion for $20.7 trillion.  The annualized volume of substitute checks received in December 2016 totaled only 605 thousand for $936 million.

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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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