Financial Services & Operations

2008

 
 
Date Title Category
November 18, 2008 Expedited Funds Availability

Federal Reserve check processing operations in Des Moines will move to Chicago on January 31. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules.

Operations
November 6, 2008 Check Consolidation

Under an accelerated transition plan, the Cleveland Reserve Bank will become the single paper check processing and adjustments site and the Atlanta Reserve Bank will become the single electronic check processing site for the Federal Reserve System.

Operations
October 30, 2008 Payment Services

Next year's fee schedules for priced services are available.

Operations
May 13, 2008 Regulatory News Expedited Funds Availability

Federal Reserve check processing operations in Memphis will move to Atlanta on July 19. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules. The Reserve Banks have also accelerated their plans for reducing the number of locations that process checks.

Operations
June 24, 2008 Regulatory News Electronic Collection and Return of Checks

Effective July 15, a bank that sends electronic data to a Reserve Bank for handling under Operating Circular No. 3 warrants that the data were captured from a check.

Operations
July 15, 2008 Regulatory News Expedited Funds Availability

Federal Reserve check processing operations in Windsor Locks, Conn., will move to Philadelphia on Sept. 20. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules.

Operations
August 11, 2008 Regulatory News Expedited Funds Availability

Federal Reserve check processing operations in Cincinnati will move to Cleveland on October 18. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules.

Operations
September 8, 2008 Expedited Funds Availability

Federal Reserve check processing operations in Jacksonville will move to Atlanta on November 15. This will cause some formerly nonlocal checks to become local under Regulation CC's expedited availability rules.

Operations