To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
In a press release, the Federal Reserve Board announced amendments to Appendix A of Regulation CC, effective June 26, 2004 that reflect the restructuring of the Federal Reserve's check processing operations in the Fourth and Fifth Districts. These amendments are part of a series of amendments to Appendix A that will take place through the end of 2004, as part of the restructuring of the Reserve Bank's check processing operations. For further details on the restructuring process, access Circular 11511.
Appendix A provides a routing number guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks. As of June 26, 2004, the Charleston office of the Federal Reserve Bank of Richmond no longer will process checks. Banks currently served by that office for check processing purposes will be reassigned to the Cincinnati office of the Federal Reserve Bank of Cleveland. To reflect this operational change, the final rule deletes the reference in Appendix A to the Charleston office and reassigns the routing numbers listed thereunder to the Cleveland Reserve Bank's Cincinnati office. As a result of this change, some checks deposited in the affected regions that currently are nonlocal checks will become local checks that are subject to shorter permissible hold periods.
Press release
Board's notice
Amendments to Regulation CC ››
Circular 11511
Contacts:
Jack K. Walton II
Assistant Director
Division of Reserve Bank Operations and Payment Systems
jack.walton@frb.gov
Joseph P. Baressi
Senior Financial Services Analyst
Division of Reserve Bank Operations and Payment Systems
joseph.p.baressi@frb.gov
Adrianne G. Threatt
Counsel
Legal Division
adrianne.g.threatt@frb.gov