What We Do
Processing and clearing checks is one of the Fed's most important financial services. Check collection services are provided for banks, savings banks, savings and loan associations, and credit unions in Maryland, the District of Columbia, northern Virginia, northeastern West Virginia and southern Pennsylvania.
The Baltimore Fed ranks as the eighth largest (of forty-three) check processing offices, processing 620 million checks in 2005. The Baltimore Fed is the fifth largest check image processor, imaging about 330,000 items daily or over 80 million items annually.