Highlights:

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of Images Substitute Checks Forward
Collection Only
Highlights All checks were imaged before
reconversion to substitute checks. Chart
reflects volume received by DFIs for payment from
other DFIs or an intermediary. Across the 13
month period Image-based clearing volume grew
from 81.4 to 505.2 million / mo or by 521 with
62 of the volume cleared by image in February
2007. The annualized Feb 07 volume 6.7
billion items/yr. is approximately 19 of total
check volume cleared.
500
400
300
Items in Millions
200
100
Data Sources Transactions settled through the
Federal Reserve, NCHA and SVPCO with no duplicate
counting
0
Feb-07 (only 19 Days)
Jul-06
Apr-06
Oct-06
Jan-07
Feb-06
Mar-06
May-06
Jun-06
Aug-06
Sep-06
Nov-06
Dec-06
3
Highlights Chart reflects the number of paying
bank R/Ts receiving check images. Most R/Ts
through February 2007 were for individual
institutions. The number of receiving R/Ts grew
between Feb 06 Feb 07 from 3,160 to 7,500 or
137. 7,500 routing transit numbers represent
more than 5,900 institutions.  This means that
approximately 36 of all U. S. institutions are
receiving check images.
Number of R/Ts Receiving Image Files
7,000
6,000
Image Receiving R/Ts 7,500
5,000
4,000
of Receiving R/Ts
3,000
2,000
1,000
Data Sources Transactions settled through the
Federal Reserve, NCHA and SVPCO with no duplicate
counting
0
Jul-06
Apr-06
Oct-06
Jan-07
Feb-06
Mar-06
May-06
Jun-06
Aug-06
Sep-06
Nov-06
Dec-06
Feb-07
4
Highlights Chart reflects volume received by
DFIs for payment from other DFIs or an
intermediary. Volume grew by 128 in 5 months
September 06 (7.2) to February 07
(16.4). Average daily image volume grew from
1.19 to 16.4 million or by 1,278 from Feb 2006
to Feb 2007.
16.0
Average of Images /Day
14.0
16.4 Million Image / Day
12.0
16.2 Million Image / Day
10.0
Items in Millions
8.0
6.0
4.0
7.2 Million Image / Day
7.6 Million Image / Day
Data Sources Transactions settled through the
Federal Reserve, NCHA and SVPCO with no duplicate
counting
2.0
0.0
Jul-06
Feb-06
Mar-06
Apr-06
Jun-06
Aug-06
Oct-06
Jan-07
Feb-07
May-06
Sep-06
Nov-06
Dec-06