United States Code (Last Updated: May 24, 2014) |
Title 12. BANKS AND BANKING |
Chapter 50. CHECK TRUNCATION |
§ 5016. Statistical reporting of costs and revenues for transporting checks between reserve banks
Latest version.
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In the annual report prepared by the Board for the first full calendar year after
October 28, 2003 , and in each of the 9 subsequent annual reports by the Board, the Board shall include the amount of operating costs attributable to, and an estimate of the Federal Reserve banks’ imputed revenues derived from, the transportation of commercial checks between Federal Reserve bank check processing centers.