Board Approves Restructuring of the Check Processing Operations in the First and Third Districts—Impact on Second District Depository Institutions
July 18, 2008
Circular No. 11972

Circular No. 11971 of July 16 announced amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the First and Third Districts. These changes may affect certain depository institutions in the Second District. Specifically, effective September 20, 2008, checks drawn on banks formerly assigned to the Windsor Locks office of the Federal Reserve Bank of Boston will become local checks under Regulation CC for institutions formerly in the Utica and East Rutherford check processing zones. This change will affect the maximum permissible hold period for certain checks customers deposit on or after the effective date.

For complete details, see the Board's press release and the accompanying Federal Register notice with a listing of affected routing numbers.

Press release offsite