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 ?

The system, comprised of Global ePoint's Perpetual Digital products, provides a range of next-generation digital video-based security solutions for a regional check processing center in Southern California.

Global ePoint Announces Inaugural Sale of Next-Generation Digital Video Security Technology; Purchase by Division of Global Financial Services Institution Validates Company's Proprietary Security Solutions

The Federal Reserve Bank of Cleveland, its offices in Cincinnati and Pittsburgh, and its regional check processing center in Columbus serve the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Federal Reserve Bank of Cleveland announces board elections and appointments for 1995

The Federal Reserve Bank of Richmond has branch offices in Baltimore and Charlotte, regional check processing centers in Charleston, West Virginia, and Columbia, South Carolina, and a special facility in Culpeper, Virginia.

Statement by J. Alfred Broaddus, Jr., President, Federal Reserve Bank of Richmond, before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, March 10, 1993