Aiming to help banks better target their technology dollars, the Federal Reserve plans to take a comprehensive inventory of how many paper checks are written each year in the United States, who is writing them to whom, and how much the checks are for.

Bankers know that — despite their best efforts — check-writing is not on the wane, but they do not have a firm grasp of how large the market is. The Federal Reserve expects to make such statistics available this fall and update them regularly, with the hope that bankers can use the data as they plan their budgets.

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