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Throughout 2001, the Fed will be conducting three new studies, which are part of the Check and Electronic Payments Research Project. This effort reinforces the Fed's commitment to improving the nation's evolving payments system.
More than 2,500 financial institutions will supply data as part of the following studies:
According to Richard Oliver, Atlanta FRB senior vice president and the Fed System's manager for retail payments, "A summary of the data will be shared widely with the financial services industry, as well as the general public, to provide industry decision-makers and other interested parties with information to support their planning for future payment-system infrastructure modifications."
More information regarding the studies can be found on our Financial Services Internet site, www.frbservices.org.