Regional Check Processing Center

(redirected from RCPC)
Also found in: Acronyms.

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
SMEDA officials claimed that technology used at the RCPC would prove to be an ultimate solution to the problems being faced by red chillies growers and traders.
Gregorio Orboc, RCPC senior research associate, said the infestation has so far affected six hectares of farmland but the locusts could easily attack larger areas if not contained.
Black: photoinhibition (PI); grey: current photochemical use (CPU); white: remaining current photochemical capacity (RCPC)
Gencarelli, a former RCPC executive, believes Dartington deserves attention because it is a high-quality European product, one of the few remaining companies that still manufactures in England, and is competitively priced.
Ground has been broken on the new Rockland Children's Psychiatric Center (RCPC), a 56-bed treatment facility designed by Urbahn Architects for the Dormitory Authority, State of New York and New York State Office of Mental Health.
(RCPC), announced the consummation of a new $960 million credit facility from Citicorp USA Inc.
The amendment also includes the approval of the previously announced commitment from MacAndrews & Forbes to provide $100 million and $25 million in senior unsecured loans to RCPC.
Property agent Ridley Commercial Property Consultants (RCPC) has opened in Newcastle with a deal to manage the city's Turnbull Building.
Hagenauer, Rate-compatible punctured convolutional codes (RCPC codes) and their applications, IEEE Trans.
at 400-01 (citing Vaccine Rules of the Office of Special Masters, in RCPC app.
If the social cost of clearing checks outside the Fed is greater than the cost of clearing them through the Fed, then there might be no net social savings to closing down the RCPC, since the increase in private costs might outweigh the decrease in Fed costs.