Statute · United States Code

12 U.S.C. § 5016 — Statistical reporting of costs and revenues for transporting checks between reserve banks

12 U.S.C. § 5016

Type
Statute
Source
United States Code
Jurisdiction
Federal
Date
2025-01-06
Topic
real-estate

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.

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.