Along with the other Reserve Banks, the Richmond Fed provides a variety of payments services to financial institutions and the federal government.
The Richmond Fed provides currency and coin services to financial institutions in the Fifth District. It also works to uphold the integrity of U.S. currency and the public’s confidence in it.
The Fed provides check collection services to financial institutions and works with customers to improve check processing nationwide.
As the nation's largest national ACH operator, the Reserve Banks process batches of electronic funds transfers between financial institutions.
The Reserve Banks offer automated funds transfer and settlement services to financial institutions and others with a master account at the Fed.
The Richmond Fed manages a variety of applications that support the U.S. Treasury Department and other federal agencies.
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