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Reports on the decrease of the use of paper in banks due to electronic banking, debit card use and the Check 21 legislation and other technologies in the U.S. Decline of check writing volume by Federal Reserve of Atlanta; Prediction of growth in the electronic transaction by Federal Reserve; Positive impact of the change on the banks and its customers.

The author reports on plans by the U.S. Federal Reserve Board to purchase commercial paper. Reasons why the Federal Reserve is planning on buying the commercial paper are mentioned. The author states that the Federal Reserve plans on purchasing paper starting in October 2008. Prices which the paper will be purchased at are mentioned.

Reports on the implementation of Check 21 in the U.S. Ability of banks to save on processing paper; Added expense due to the growing surge of electronic payments; Use of a rules-based business processing management system.