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 First Quarter
- Board of Governors approves proposal to expedite consolidation of Portland Branch Cash
Services to the Seattle Branch at
year-end 2005.Z
- Economic Research holds annual "Fiscal and Monetary
Policy"
macro conference.
Second Quarter
- As part of the Federal Reserve’s
Check Restructuring Initiative, Salt Lake City Branch Check Processing consolidates to the
Denver Branch—after processing checks at the Branch since 1918.
- Cash Product
Office announces phase one cash infrastructure changes to continue cash processing at the
Salt Lake City Branch and to convert to contracted cash depots in Portland, Oregon, Birmingham,
Alabama, and Oklahoma City, Oklahoma.
Third Quarter
- Seattle Branch Check Processing moves to
leased facility to maximize cost savings and
workflow efficiencies related to the fourth
quarter consolidation of Portland Branch
Check Processing to the Seattle Branch.
- Portland Branch selected as one of the
Federal Reserve’s five national Regional
Check Adjustments sites.
- Seattle Branch holds groundbreaking ceremony at the site of the new Seattle Branch building,
slated to open in the fourth quarter 2007 in Renton, Washington.
- Cash Product Office coordinates Federal Reserve’s
national response to Hurricane Katrina to reestablish cash services to the hurricane-affected
areas.
- Public Information releases the video-based curriculum, Open & Operating: The Federal
Reserve Responds to September 11, to high schools nationwide.
Fourth Quarter
- Portland Branch Check Processing consolidates to the
Seattle
Branch check processing facility, after processing checks at
the Branch since 1917.
- The Center for the Study of Innovation and Productivity in
Economic Research holds "Productivity Growth: Causes and
Consequences" conference.
- New cash depot facility opens in Portland with the consolidation
of Portland Cash Services to the Seattle Branch.
- Twelfth District Check Processing is first
in productivity ranking among all Federal Reserve check processing offices in 2005.
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