@techreport{Stavins2004Bank,
abstract = {The recent decline in the Federal Reserve?s check volumes has received a lot
of attention. Although switching to electronic payments methods and electronic checkprocessing
has been credited for much of that decline, some of it could be caused by
changes following bank mergers involving Federal Reserve customer banks. This paper
evaluates the effect of bank mergers on Federal Reserve check-processing volumes.
Using inflow-outflow and regression methods, we find that mergers between two or
more Reserve Bank customers have resulted in volume losses, especially during the
first quarter following the merger. On average, the estimated cumulative loss of
volume during the first five post-merger quarters was 2.6 million checks. While the
overall number of checks in the United States has declined during the past few years,
the Federal Reserve has lost additional check-processing volume because of bank
mergers.},
author = {Joanna Stavins},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {E58; G21; G34; 330; Bank mergers; Federal Reserve check processing; Scheck; Zentralbank; Bank; Fusion; \"{U}bernahme; Sch\"{a}tzung; USA},
language = {eng},
number = {04,7},
title = {Do Bank Mergers Affect Federal Reserve Check Volume?},
type = {Public policy discussion papers / Federal Reserve Bank of Boston},
url = {http://hdl.handle.net/10419/23453},
year = {2004}
}

