Fed Closes Okc Check Processing Operations

The Journal Record › August 03, 2004

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Summary

Check processing operations at the Federal Reserve Bank's Oklahoma City branch are being transferred to Dallas resulting in the elimination of 65 local jobs.

Thanks to debit cards and online banking, fewer checks are being written, which means fewer checks are processed, which has forced the Federal Reserve Bank to streamline operations.

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Extract

Fed Closes Okc Check Processing Operations

Oklahoma City's Federal Reserve branch will retain about 100 employees to provide cash services, bank supervision, community affairs, ...

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