If a person has worked or served
as a consultant for, or has applied for a job with, the Federal Reserve
System, such action has probably created a record on him or her with
the Federal Reserve. The Federal Reserve does not, however, maintain
records on individual checks. Although the Federal Reserve Banks act
as clearinghouses for checks presented for payment by member banks,
the clearinghouse function does not involve the keeping of records
on individuals or their checks. STAFF OP. of Aug. 4, 1975.
Authority: Privacy Act § (e)(1), 5 USC 552a(e)(1).