In April, Louisville will be the first office in the Eighth District to move to Check Standardization, a project that will convert check processing platforms at each of the Federal Reserve's 45 sites to a standard, centrally managed platform. Conversions at the three remaining District offices will occur throughout the spring and summer.
Check Standardization is a Federal Reserve infrastructure change that will be largely transparent to financial institutions. However, bankers will notice a few changes—primarily on some printed outputs—after their local Fed office converts.
The Federal Reserve Bank of St. Louis has announced the following new board members:
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