Check Clearance System Improvement
Federal Reserve Board officials briefed reporters on a report on the the national check clearance system. The report concludes that the Fede… read more
Federal Reserve Board officials briefed reporters on a report on the the national check clearance system. The report concludes that the Federal Reserve should still provide check and automatic payment clearing services and that it should be more active in collaborating with other financial institutions in making the system more efficient. Federal Reserve Board Vice-Chair Alice Rivlin and Federal Reserve Board member Edward Kelley spoke. close
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