Maybe a newspaper can move in to the space

Star Tribune Tue, 17 Jun 2008 07:47:08 GMT
Rise in electronic banking versus checks leads to vacant Federal Reserve space

HELENA, Mont. - The shift to fewer paper checks and greater electronic movement of money in the United States has left the Federal Reserve with some empty office space. Processing of checks by the Fed, a service commercial banks purchase, is down as more Americans pay their expenses electronically with debit cards, automatic deductions from checking accounts or other options. More than two-thirds of the noncash payments in the U.S. are electronic, according to the Fed. Locations where the nation's central bank clears checks have fallen from 45 to 18 within the last few years, and the number of Fed check employees is down to 2,800 from 4,600 in 2003.

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