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Monday, January 1, 2001

One-Stop Shopping for Check Clearing

Earlier this year, the Federal Reserve System unveiled a consolidated foreign check clearing service. This new service makes it possible for financial institutions to use the Fed to process checks drawn on depository institutions anywhere outside the 12 Federal Reserve districts. Previously, foreign check clearing through the Fed was available only for Canadian payments.

Foreign check clearing is provided by the Federal Reserve Bank of Richmond's Charlotte office. Per-item prices range from $1.75 to $55, depending on the country in which the paying bank is located. Please contact your local account executive if you are interested in this service.

CRA Lending, HMDA Data Now Available

The FFIEC has made available 2000 data on small business, small farm and community development lending reported by commercial banks and thrifts. Data can be found online at 2000 HMDA data is also available online at