Two types of documentation are required: (1) terminal receipts for all transfers that take place at electronic terminals and (2) periodic statements that reflect all electronic activity to or from a consumer's account during a particular period. Multiple transactions are allowed on one terminal receipt. The terminal receipt must contain six items of information, including the amount of transfer, the calendar date on which the transfer is initiated, and the type of transfer and the type of account to or from which the funds were transferred. It must contain a number or other code that uniquely identifies one of three items: the consumer initiating the transfer, the number of the consumer's account, or the number of the access device. The receipt must also include identification of the location of the terminal at which the transaction occurred and the name of the third party (such as a merchant) to or from which funds were transferred. The periodic statement must be sent on a monthly basis for any electronic transfers that occurred in that period. If no activity occurred in a particular month, the financial institution may wait and send the statement on a quarterly basis. The periodic statement must contain a complete description of each transfer that occurred during the cycle and certain general account information. Specifics are mentioned, and exceptions to the requirements are explained. Comments, questions, and answers occur during the discussion.