Title 12 — Banks and BankingRelease 119-73
§5016 Statistical reporting of costs and revenues for transporting checks between reserve banks
Title 12 › Chapter CHAPTER 50— - CHECK TRUNCATION › § 5016
Summary
For the first full calendar year after October 28, 2003, and in each of the next nine annual reports, the Board must say how much it costs to move commercial checks between Federal Reserve check-processing centers and give an estimate of the Federal Reserve banks’ imputed revenues from that transportation.
Full Legal Text
Title 12, §5016
Banks and Banking — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Statutory Notes and Related Subsidiaries
Effective Date
Section effective at the end of the 12-month period beginning on Oct. 28, 2003, see section 20 of Pub. L. 108–100, set out as a note under section 5001 of this title.
Reference
Citations & Metadata
Citation
12 U.S.C. § 5016
Title 12 — Banks and Banking
Last Updated
Apr 6, 2026
Release point: 119-73