Title 12 — Banks and Banking
Chapter 50 — Check Truncation
§ 5016. Statistical reporting of costs and revenues for transporting checks between reserve banks
Statutory text
In the annual report prepared by the Board for the first full calendar year after , 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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 108–100 § 17 · 117 Stat. 1177
Enacted · 12 U.S.C. § 5016
(Pub. L. 108–100, § 17, Oct. 28, 2003, 117 Stat. 1191.)
Source evidence
Code source credit
(Pub. L. 108–100, § 17, Oct. 28, 2003, 117 Stat. 1191.)Enacted provision · exact public law section
SEC. 17. STATISTICAL REPORTING OF COSTS AND REVENUES FOR TRANSPORTING CHECKS BETWEEN RESERVE BANKS. In the annual report prepared by the Board for the first full calendar year after the date of enactment of this Act 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.
1 of 1 references resolved to an enrolled provision
Statutory Notes and Related Subsidiaries
Effective Date
Section effective at the end of the 12-month period beginning on , see section 20 of Pub. L. 108–100, set out as a note under section 5001 of this title.