Financial Services Policy Committee Press Release

PRESS RELEASE - Federal Reserve Banks Announce Changes to Increase Efficiency In Check Services as Check Volumes Decline Nationwide, 6 Feb.

Boston, MA, February 6, 2003-The Federal Reserve Banks, collectively the nation's largest processor of checks, today announced changes to their back office check-processing operations intended to improve operating efficiency while maintaining high-quality check services to depository institutions nationwide.

Reflecting the ongoing shift in consumer and bus

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