Clearing House Associations
nouncandidate·updated May 9, 2026
Voluntary associations, formed by financial institutions that establish an exchange for checks drawn on them. Typically, institutions participating in check clearing houses use the Federal Reserve's National Settlement Service for the checks exchanged each business day.
Framework senses
Federal Financial Institutions Examination Council (FFIEC) IT Examination Handbook Infobase, Glossary1 senseview framework →
- §1
- Voluntary associations, formed by financial institutions that establish an exchange for checks drawn on them. Typically, institutions participating in check clearing houses use the Federal Reserve's National Settlement Service for the checks exchanged each business day.