Circular No. 11092
September 21, 1998

Check Delays Resulting From Severe Weather
Conditions in Puerto Rico and the Virgin Islands

To All Depository Institutions, and Others
Concerned, in the Second Federal Reserve District:

Due to the severe weather conditions in Puerto Rico and the Virgin Islands resulting from Hurricane Georges and to the closing of the Luis Munoz Marin International Airport, delays have occurred in the presentment of cash items, in the return of unpaid items, and in the forwarding of advices of nonpayment with respect to depository institutions in Puerto Rico and the Virgin Islands. Effective immediately and until such time as conditions permit us to resume presenting and returning cash items, this Bank will defer credit for items we identify as drawn on, or cash items returned to, depository institutions having routing numbers with 0215, 0216, 2215, or 2216 prefixes.

For additional information, contact George Ferraro at (201) 531-3317.

John Sobala
Senior Vice President