Regional Check Processing Center

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Regional Check Processing Center (RCPC)

A Federal Reserve check processing operation that clears checks drawn on depository institutions located within a specified area. RCPCs expedite collection and settlement of checks within the area on an overnight basis.

Regional Check Processing Center

A center run by a Federal Reserve Bank that expedites the settlement of checks. A regional check processing center processes and delivers checks to the appropriate bank on the same day it receives them, which helps money move through the economy more smoothly. A regional check processing center handles corporate checks, personal checks, food stamps, money orders, and checks drawn on the U.S. Treasury.
References in periodicals archive ?
Pursuant to the Amendment, RCPC, under certain circumstances, also has the right to request the 2011 Term Loan Facility be increased by up to the greater of (x) $300 million and (y) an amount such that RCPC's First Lien Secured Leverage Ratio (as defined in the 2011 Term Loan Agreement) does not exceed 3.
44) Alexis Da Silva, "Breve analisis de la delincuencia", en RCPC, no 95, Santiago, abril de 1947, pp.
Working alongside Mr Murphy is Henry Wilkie-Smith, son of the co-director of Ridley Properties and RCPC, Charles Wilkie-Smith.
Suppose again that the Fed is considering closing an RCPC, but that no banks switch to other means of clearing checks.
The RCPC is a nursing generalist in the purest sense of the word.
1; RCPC, District of Columbia, Estates, #1700, 31 Oct.
RCPC executives expect the company to enter into new credit agreements with Citigroup and a syndicate of lenders to replace its existing credit facility, to refinance its 12% senior secured notes, to cover tender costs, accrued interest and transactional fees and expenses and for general corporate purposes.
RCPC has provided notice of its intention to redeem any Notes not purchased in the Tender Offer.
RCPC codes generate different code rates from an original rate-1/2 convolutional code.
She reports directly to Kevin Molbury, senior vice president of sales for RCPC.
and RCPC (together, the "Company") and their strategies, focus, beliefs and expectations, are forward-looking and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Ryan Rasgo, OIC chief of RCPC, said that Rice Blast is a fungal disease characterized by diamond-shaped lesions on the leaves with brownish margins and usually grayish center.