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

FEDERAL · 12 U.S.C. · Chapter 50

Statistical reporting of costs and revenues for transporting checks between reserve banks

12 U.S.C. § 5016

Chapter50 — CHECK TRUNCATION

This text of 12 U.S.C. § 5016 (Statistical reporting of costs and revenues for transporting checks between reserve banks) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

12 U.S.C. § 5016.

Text

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.

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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.

Source Credit

History

(Pub. L. 108–100, §17, Oct. 28, 2003, 117 Stat. 1191.)

Editorial Notes

Statutory Notes and Related Subsidiaries

Effective Date
Section effective at the end of the 12-month period beginning on Oct. 28, 2003, see section 20 of Pub. L. 108–100, set out as a note under section 5001 of this title.

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12 U.S.C. § 5016, Counsel Stack Legal Research, https://law.counselstack.com/usc/12/5016.