Federal Reserve Processing Center Law and Legal Definition

According to 31 CFR 240.2 [Title 31 -- Money and Finance: Treasury; Subtitle B -- Regulations Relating to Money and Finance; Chapter II -- Fiscal Service, Department of the Treasury; Subchapter A -- Financial Management Service Part 240 -- Indorsement and Payment of Checks Drawn on the United States Treasury; General Provisions], Federal Reserve Processing Center means “a Federal Reserve Bank center that images Treasury checks for archiving check information and transmitting such information to Treasury.”