Banking and Payments Research
Research staff analyze domestic and international payments systems as well as the banking industry.
Recent Articles
How Much Do Nonbank Transaction Accounts Improve Access to Digital Payments for Unbanked Households?
About 40 percent of unbanked households had a nonbank transaction account in 2021, allowing them access to digital payments.
Rapid Declines in the Fed’s Overnight Reverse Repurchase (ON RRP) Facility May Start to Slow
The value of assets held at the Federal Reserve’s overnight reverse repurchase (ON RRP) facility has dropped by close to 60...
Financing Modes and Lender Monitoring
Can banks and shadow banks coexist in the absence of financial regulation and regulatory arbitrage?
Evaluating Local Language Models: An Application to Bank Earnings Calls
We find local large language models useful in analyzing bank earnings calls after the banking stress of early 2023.
Social Media for Personal Finances: A New Trend for Millennials and Gen Z
Social media platforms are increasingly where younger generations make payments, shop, raise money, and learn about finance.
Failure of SVB Reduced Local Consumer Spending but Had Limited Effect on Aggregate Spending
While the failure of Silicon Valley Bank dampened consumer spending in some counties, aggregate spending remained resilient.
Banking and Payments Resources
Payments Resources
Payments System Research Briefings
Our briefings cover payments methods, developments in payments networks, and various participants' roles in the payments system.
Payments System Research Working Papers
Our paper topics include payments methods, developments in payments networks and various participants' roles in the payments system.
Interchange Fees
An annual update of credit and debit card interchange fees in various countries, regulatory developments in the payment card markets, and trends in interchange fees assessed to U.S. merchants.
Payment Conferences Proceedings
Our international payments policy conferences focus on timely and important topics.
PDFGuide to ATM and Debit Card Industry - 2006 Update
This book is a 2006 update that documents industry trends and patterns and discusses their implications.
PDFGuide to ATM and Debit Card Industry
This book provides an overview of the history and development of the ATM and debit card industry, details the mechanics of ATM and debit transactions, reviews trends in ATM and debit transaction volume and pricing, and discusses industry and public policy issues.
PDFNonbanks in the Payments System
This book examines nonbank participation of payments activities and the roles nonbanks play in specific transaction types.
Banking Resources
Small Business Lending Survey
Quarterly collection of quantitative and qualitative information that can be used to understand credit market conditions for bank lending to small businesses.
Bank Capital Analysis
The Bank Capital Analysis provides a horizontal comparison of capital adequacy among banking organizations with different risk profiles.