5.2: Research and Analysis
Conduct research and analysis that contributes to policy development and increases the Board’s and others’ understanding of
payment system dynamics and risk.
Other Information:
This objective will be pursued in part through the following actions: • Analyze the effect of Check 21 on various aspects
of check processing. Board staff will conduct a survey in spring 2006 to gather information on funds availability, check fraud,
and check collection and return methods and timeframes. The Board will report the results of the survey to the Congress in
2007 and will make recommendations for legislative action as warranted. • Conduct further research on the optimal infrastructure
for Reserve Bank services. Board staff will continue to develop models, in collaboration with Reserve Bank staff, to analyze
changes in the Reserve Banks’ cash and check processing infrastructure.
Indicator(s):
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