September 2016

Key Messages:

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For the years 2014 and 2015, the total volume of transit items declined by only 3.2%.

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For the first nine months of 2015 and 2016, the total volume of transit items declined by only 2.6%.

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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 .42%.

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More than 20,100 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 September 2016, over 48 million interbank check images were received for posting. When the September volume is annualized, it totals 12.1 billion for $19 trillion.  The annualized volume of substitute checks received in September 2016 totaled only 574 thousand for $840 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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