Fall 1996

In This Edition

  • Inside the Vault article

    If It's Not Paper, Can It Still Be Cash?

    Here's a brief overview of the basics of electronic payments—their benefits and drawbacks, related issues, and the role that the Federal Reserve plays in this advancing component of the payments system. The text is adapted from the Federal Reserve Bank of St. Louis 1995 Annual Report.
  • Inside the Vault article
  • Inside the Vault article