Two cheers for the Monetary Control Act

Katy Jacob, Daniel A. Littman, Richard D. Porter and Wade Rousse

Chicago Fed Letter, 2010, issue Jun, No 275

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 (search for similar items in EconPapers)
Date: 2010
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