Check Processing Changes
In a press release dated August 9, the Federal Reserve System announced the closing of the Portland, Oregon check processing office. Checks that had been processed through Portland will be processed through Seattle, beginning October 22, 2005. Any institution in that region should update their information on local and non-local checks to be in Regulation CC compliance when the change occurs.
Copyright © 2005 Compliance Action. Originally appeared in Compliance Action, Vol. 10, No. 10, 9/05
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