The Federal Reserve next month will cut 55 jobs in Atlanta as part of plans to centralize its shrinking business in check processing. Plans to close that office and eliminate the positions were announced more than a year ago as part of central bank efforts to respond to technological changes. Three years ago, the Fed made Atlanta one of four regional check processing sites. But within a few months, there will be just one. What is left of the work will be done in Cleveland. Atlanta will be the Fed’s national center for processing electronic checks —checks that have been scanned and digitized. About 75 workers are employed in that office.
Support real journalism. Support local journalism. Subscribe to The Atlanta Journal-Constitution today. See offers.
Your subscription to the Atlanta Journal-Constitution funds in-depth reporting and investigations that keep you informed. Thank you for supporting real journalism.