Recent Payment Trends in the United States
| 7. Depository institutions depositing checks electronically, and receiving checks presented electronically, through the Reserve Banks, 2005-2008 | ||
| Percent | ||
| Year and month | Deposited electronically (FedForward) | Presented electronically (FedReceipt) |
|---|---|---|
| 2005 | ||
| January | .1 | .0 |
| February | .2 | .0 |
| March | .4 | .0 |
| April | .7 | .0 |
| May | 1.1 | .0 |
| June | 1.6 | .0 |
| July | 2.2 | .0 |
| August | 3.0 | .0 |
| September | 4.2 | .0 |
| October | 5.5 | .0 |
| November | 7.0 | .0 |
| December | 8.4 | .1 |
| 2006 | ||
| January | 9.6 | .6 |
| February | 10.8 | .6 |
| March | 12.4 | 1.1 |
| April | 14.5 | 1.6 |
| May | 16.4 | 3.7 |
| June | 19.1 | 5.8 |
| July | 21.1 | 7.3 |
| August | 23.7 | 8.9 |
| September | 26.1 | 11.3 |
| October | 28.8 | 13.5 |
| November | 32.0 | 16.7 |
| December | 34.5 | 18.7 |
| 2007 | ||
| January | 36.4 | 20.6 |
| February | 38.8 | 23.6 |
| March | 41.3 | 26.4 |
| April | 43.4 | 29.7 |
| May | 45.9 | 33.8 |
| June | 47.1 | 36.9 |
| July | 49.3 | 39.7 |
| August | 51.4 | 42.4 |
| September | 53.4 | 45.9 |
| October | 56.1 | 50.6 |
| November | 58.6 | 55.0 |
| December | 60.2 | 59.0 |
| 2008 | ||
| January | 61.2 | 59.8 |
| February | 62.8 | 63.8 |
| March | 64.3 | 68.3 |
| April | 65.8 | 71.4 |
| May | 67.7 | 75.6 |
| June | 68.9 | 80.5 |
Source: Federal Reserve System Retail Payments Office.