WASHINGTON - (12/06/04) -- The Federal Reserve reported Fridaythat its commercial check volume fell by 5.5% in the third quarterto 3.4 billion checks, the lowest since 1989. Check volume is downalmost 13% over the past year and has declined in each of the pastfive quarters, the Fed reported. In contrast, the Fed said itsautomated clearinghouse volume rose by 4.2% in the third quarter to1.6 billion, the highest on record, and is up 18.4% in the past 12months.
The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.
The Cincinnati bank has launched a navigational aid to help customers get to what they need in fewer steps.
The state would join New York in governing the up-and-coming credit product. Industry and consumer advocacy groups say there's still room for improvement.
The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.
The payment company is "exploring options" for PayPal Ventures as new CEO Enrique Lores tries to reverse an earnings slump.
The Spanish banking giant's pending acquisition of Webster Financial is still awaiting approval from the Federal Reserve Board and the European Central Bank. The deal is expected to close during the second half of 2026.
