Federal Reserve Bulletin - August 2002

REPORT - The Bulletin is in two parts. Firstly the Monetary Policy Report to the Congress and an article, 'The Use of Checks and Other Noncash Payment Instruments in the United States'. The article suggests that the use of checks in the United States has been declining since the mid-1990s, even as the population and the level of economic activity have been increasing.

Monetary Policy Report to the Congress

The pace of economic activity in the United States picked up noticeably in the first half of

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