Each depositor insured to at least $250,000 per insured bank



Home > Industry Analysis > Research & Analysis > FDIC Banking Review




FDIC Banking Review

Table 1
The Use of Checks Has Declined While the Use of Retail Electronic Payments Has Increased
Type of Payment 1979 1995 2000
     Number (billions)
  Check 32.8 49.5 42.5
  Retail Electronic Payments 5.5 14.7 28.9
   Debit Card 0 1.4 8.3
   Credit Card
      General Purpose 1.5 7.8 12.3
      Private Label 3.8 2.6 2.7
  Retail ACH 0.2 2.8 5.6
Source: George R. Gerdes and Jack K. Walton II, The Use of Checks and Other Noncash Payment Instruments in the United States, Federal Reserve Bulletin 88, no.8 (August 2002), 361.


Last Updated 10/29/2004 Questions, Suggestions & Requests