Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Fed further amends check processing operations
WASHINGTON (10/9/09)—The Federal Reserve on Thursday announced that on October 17 it will transfer its check processing operations from the head office of the Federal Reserve Bank of Dallas to the Federal Reserve Bank of Cleveland. The Fed announced that effective November 14 it will also transfer to Cleveland the check processing operations of the Los Angeles branch of the Reserve Bank of San Francisco. The moves reflect an overall restructuring of the Fed’s check processing operations, and are a response to consumers’ and businesses’ shift from using paper checks toward electronic payments. According to the Fed, all check processing will be handled by the Cleveland office by early next year. For the full Fed release, use the resource link.
Other Resources

RSS print
News Now LiveWire
.@TheNCUA open board meeting starts at 10 a.m. ET tomorrow. It is board member J. Mark McWatters' first. Watch @NewsNowLiveWire
5 hours ago
.@CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.
6 hours ago
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
9 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
9 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
9 hours ago