Newsletter

Two cheers for the Monetary Control Act


Abstract: This article explains how the Monetary Control Act (MCA) of 1980 paved the way for the transition away from paper to electronic check clearing and processing, ultimately leading to the successful implementation of the Check Clearing for the 21st Century Act (Check 21) in 2003.

Keywords: Monetary policy; Monetary policy - United States;

Access Documents

Authors

Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2010

Issue: Jun

Order Number: 275