The U.S. payments system: costs, pricing, competition and risk
Salomon Bros. Center for the Study of Financial Institutions, Graduate School of Business Administration of New York University, 1984 - Business & Economics - 137 pages
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bilateral net credit branch banking cash CashWire check float check processing CHIPS clearinghouse coin and currency commercial bank competitive constant costs correspondent banks credit limits customers daylight overdrafts debit caps demand dent bank deposit depository institutions direct fees dollar effect electronic estimated federal funds rate Federal Reserve float Federal Reserve payment Federal Reserve Pricing FedWire float benefits funds transfer interstate banking large banks loan marginal cost pricing market sensitive pricing market share ment million money supply occur offices offset operations output payees payment methods payment networks payment services provided payments instruments payments processing payors percent private sector PSAF real resource costs receiver guarantees reduce Reserve Payments Services reserve requirements Reserve's result retail payments risk reduction scale diseconomies scale economies securities transfers sender net debit service line shift suppliers systemic risk tions transaction deposits transfer payment wire transfer networks