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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
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The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
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Circular No. 11094
September 28, 1998
Resumption of Check Services
In Puerto Rico and The Virgin Islands
To All Depository Institutions, and Others
Concerned, in the Second Federal Reserve District:
On September 21, 1998, this Bank notified all depository institutions and others concerned in this District that, due to the damage caused by Hurricane Georges in Puerto Rico and in the Virgin Islands and the resulting delays in the presentment and return of cash items, this Bank was deferring credits for items we identified as drawn on, or cash items returned to, depository institutions having routing numbers with 0215, 0216, 2215, or 2216 prefixes.
Effective immediately, the Bank is no longer deferring credit for such items, since we are now able to present and return cash items to the affected depository institutions either directly or through affiliates located in Puerto Rico and the Virgin Islands.
Michael L. Zimmerman
Vice President
