Availability of Funds and Collection of Checks, 47085-47086 [05-15998]

Download as PDF Federal Register / Vol. 70, No. 155 / Friday, August 12, 2005 / Rules and Regulations (ii) By e-mail to: foia@nwtrb.gov specifying that this is a FOIA request in the subject line; or (iii) By fax to: 703–235–4495. (2) The appeal must be in writing and must be received within 30 days of the date of the Board’s response. The appeal letter, e-mail, or fax may include as much or as little related information as you wish, as long is it clearly identifies the Board determination that you are appealing, including the assigned request number, if known. For prompt handling, please mark your appeal ‘‘Freedom of Information Act Appeal.’’ (b) Responses to appeals. Requestors shall be notified in writing of the decision on the appeal. A decision affirming an adverse determination shall include a statement of the reason(s) for the affirmation, including any FOIA exemption(s) applied, and shall include the FOIA provisions for court review of the decision. If the adverse determination is reversed or modified on appeal, the request shall be reprocessed in accordance with that appeal decision. (c) When appeal is required. If a review by a court or any adverse determination is desired, the determination must first be appealed under this section. (d) Denial of appeal. An adverse determination by the Executive Director shall be the final action of the Board. (e) Unacceptable appeals. An appeal will not be acted on if the request becomes a matter of FOIA litigation. § 1303.115 Preservation of records. The Board shall preserve all correspondence pertaining to the requests that it receives under this part, as well as copies of all requested records, until disposition or destruction is authorized by title 44 of the United States Code or the National Archives and Records Administration’s General Records Schedule 14. Records will not be disposed of while they are the subject of a pending request, appeal, or lawsuit. § 1303.116 Other rights and services. Nothing in this part shall be construed to entitle any person, as a right, to any service or to the disclosure of any record to which such person is not entitled under the FOIA. Dated: August 8, 2005. William D. Barnard, Executive Director, U.S. Nuclear Waste Technical Review Board. [FR Doc. 05–15985 Filed 8–11–05; 8:45 am] BILLING CODE 6820–AM–M VerDate jul<14>2003 12:47 Aug 11, 2005 Jkt 205001 FEDERAL RESERVE SYSTEM 12 CFR Part 229 [Regulation CC; Docket No. R–1233] Availability of Funds and Collection of Checks Board of Governors of the Federal Reserve System. ACTION: Final rule; technical amendment. AGENCY: SUMMARY: The Board of Governors is amending appendix A of Regulation CC to delete the reference to the Portland branch office of the Federal Reserve Bank of San Francisco and reassign the Federal Reserve routing symbols currently listed under that office to the Seattle branch office of the Federal Reserve Bank of San Francisco. These amendments will ensure that the information in appendix A accurately describes the actual structure of check processing operations within the Federal Reserve System. DATES: The final rule will become effective on October 22, 2005. FOR FURTHER INFORMATION CONTACT: Jack K. Walton II, Assistant Director (202/ 452–2660), or Joseph P. Baressi, Senior Financial Services Analyst (202/452– 3959), Division of Reserve Bank Operations and Payment Systems; or Adrianne G. Threatt, Counsel (202/452– 3554), Legal Division. For users of Telecommunications Devices for the Deaf (TDD) only, contact 202/263–4869. SUPPLEMENTARY INFORMATION: Regulation CC establishes the maximum period a depositary bank may wait between receiving a deposit and making the deposited funds available for withdrawal.1 A depositary bank generally must provide faster availability for funds deposited by a local check than by a nonlocal check. A check drawn on a bank is considered local if it is payable by or at a bank located in the same Federal Reserve check processing region as the depositary bank. A check drawn on a nonbank is considered local if it is payable through a bank located in the same Federal Reserve check processing region as the depositary bank. Checks that do not meet the requirements for local checks are considered nonlocal. Appendix A to Regulation CC contains a routing number guide that assists banks in identifying local and nonlocal banks and thereby determining the maximum permissible hold periods 1 For purposes of Regulation CC, the term ‘‘bank’’ refers to any depository institution, including commercial banks, savings institutions, and credit unions. PO 00000 Frm 00009 Fmt 4700 Sfmt 4700 47085 for most deposited checks. The appendix includes a list of each Federal Reserve check processing office and the first four digits of the routing number, known as the Federal Reserve routing symbol, of each bank that is served by that office for check processing purposes. Banks whose Federal Reserve routing symbols are grouped under the same office are in the same check processing region and thus are local to one another. As explained in detail in the Board’s final rule published in the Federal Register on September 28, 2004, the Federal Reserve Banks have decided to reduce further the number of locations at which they process checks.2 The appendix A amendments set forth in this notice relate to one phase of the overall restructuring plan. The Board will issue separate notices for each subsequent phase of the restructuring.3 As part of the restructuring process, the Portland branch office of the Federal Reserve Bank of San Francisco will cease processing checks on October 22, 2005, and banks with routing symbols currently assigned to that office for check processing purposes will be reassigned to the Seattle branch office of the Federal Reserve Bank of San Francisco. As a result of these changes, some checks that are drawn on and deposited at banks located in the affected check processing regions and that currently are nonlocal checks will become local checks subject to faster availability schedules. To assist banks in identifying local and nonlocal banks, the Board accordingly is amending the list of routing symbols associated with the Federal Reserve Bank of San Francisco to conform to the transfer of operations from the Reserve Bank’s Portland branch office to the Seattle branch office. To coincide with the effective date of the underlying check processing changes, the amendments are effective October 22, 2005. The Board is providing advance notice of these amendments to give affected banks ample time to make any needed processing changes. The advance notice also will enable affected banks, if necessary, to amend their availability schedules and related disclosures and provide their customers with notice of 2 See 69 FR 57837, September 28, 2004. addition to the general advance notice of future amendments provided by the Board, and the Board’s notices of final amendments, the Reserve Banks are striving to inform affected depository institutions of the exact date of each office transition at least 120 days in advance. The Reserve Banks’ communications to affected depository institutions are available at https:// www.frbservices.org. 3 In E:\FR\FM\12AUR1.SGM 12AUR1 47086 Federal Register / Vol. 70, No. 155 / Friday, August 12, 2005 / Rules and Regulations these changes.4 The Federal Reserve routing symbols assigned to all other Federal Reserve branches and offices will remain the same at this time. The Board of Governors, however, intends to issue similar notices at least sixty days prior to the elimination of check operations at some other Reserve Bank offices, as described in the September 2004 Federal Register document. Administrative Procedure Act The Board has not followed the provisions of 5 U.S.C. 553(b) relating to notice and public participation in connection with the adoption of this final rule. The revisions to the appendix are technical in nature, and the routing symbol revisions are required by the statutory and regulatory definitions of ‘‘check-processing region.’’ Because there is no substantive change on which to seek public input, the Board has determined that the § 553(b) notice and comment procedures are unnecessary. Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3506; 5 CFR 1320 Appendix A.1), the Board has reviewed the final rule under authority delegated to the Board by the Office of Management and Budget. These technical amendments to appendix A of Regulation CC will delete the reference to the Portland branch office of the Federal Reserve Bank of San Francisco and reassign the routing symbols listed under that office to the Seattle branch office of the Federal Reserve Bank of San Francisco. The depository institutions that are located in the affected check processing regions and that include the routing numbers in their disclosure statements would be required to notify customers of the resulting change in availability under § 229.18(e). However, because all paperwork collection procedures associated with Regulation CC already are in place, the Board anticipates that no additional burden will be imposed as a result of this rulemaking. PART 229—AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC) DEPARTMENT OF TRANSPORTATION I 1. The authority citation for part 229 continues to read as follows: 14 CFR Part 39 Authority: 12 U.S.C. 4001–4010, 12 U.S.C. 5001–5018. [Docket No. FAA–2005–20325; Directorate Identifier 2003–NM–129–AD; Amendment 39–14217; AD 2005–16–11] 2. The Twelfth Federal Reserve District routing symbol list in appendix A is revised to read as follows: I Appendix A To Part 229—Routing Number Guide To Next-Day Availability Checks and Local Checks * * * * * TWELFTH FEDERAL RESERVE DISTRICT (Federal Reserve Bank of San Francisco) Head Office 1210 .................................................... 1211 .................................................... 1212 .................................................... 1213 .................................................... Los Angeles Branch 1220 .................................................... 1221 .................................................... 1222 .................................................... 1223 .................................................... 1224 .................................................... Seattle Branch 1230 .................................................... 1231 .................................................... 1232 .................................................... 1233 .................................................... 1250 .................................................... 1251 .................................................... 1252 .................................................... * * * * 3230 3231 3232 3233 3250 3251 3252 * BILLING CODE 6210–01–P RIN 2120–AA64 Airworthiness Directives; Boeing Model 747–100, 747–100B, 747–100B SUD, 747–200B, 747–200C, 747–200F, 747–300, 747SP, and 747SR Series Airplanes; Equipped With Pratt & Whitney Model JT9D–3 and –7 Series Engines Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule. AGENCY: SUMMARY: The FAA is adopting a new airworthiness directive (AD) for certain Boeing transport category airplanes listed above. This AD requires repetitive inspections for cracks of the upper surface of the aft lower spar web of the inboard and outboard struts, as applicable; and repetitive inspections for cracks of the upper surface of the intermediate web bay of the aft lower spar. This AD also requires repetitive inspections and torque checks of the bolts common to the aft lower spar chords and the fitting of the rear engine mount bulkhead for missing, loose, or fractured bolts, as applicable; and corrective action, if necessary. This AD is prompted by reports of cracking in the aft lower spar web and reports of missing and fractured bolts. We are issuing this AD to detect and correct cracking of the aft lower spar web, and to prevent missing, loose, or fractured bolts common to the aft lower spar chords and the fitting of the rear engine mount bulkhead, which could result in the loss of the aft lower spar load path and reduced structural capability of the pylon, which may result in the separation of the engine from the airplane. This AD becomes effective September 16, 2005. The incorporation by reference of a certain publication listed in the AD is approved by the Director of the Federal Register as of September 16, 2005. ADDRESSES: For service information identified in this AD, contact Boeing Commercial Airplanes, P.O. Box 3707, Seattle, Washington 98124–2207. Docket: The AD docket contains the proposed AD, comments, and any final disposition. You can examine the AD docket on the Internet at https:// DATES: List of Subjects in 12 CFR Part 229 Banks, Banking, Reporting and recordkeeping requirements. Authority and Issuance For the reasons set forth in the preamble, the Board is amending 12 CFR part 229 to read as follows: I 4 Section 229.18(e) of Regulation CC requires that banks notify account holders who are consumers within 30 days after implementing a change that improves the availability of funds. 12:47 Aug 11, 2005 3220 3221 3222 3223 3224 By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, August 8, 2005. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 05–15998 Filed 8–11–05; 8:45 am] 12 CFR Chapter II VerDate jul<14>2003 3210 3211 3212 3213 Federal Aviation Administration Jkt 205001 PO 00000 Frm 00010 Fmt 4700 Sfmt 4700 E:\FR\FM\12AUR1.SGM 12AUR1

Agencies

[Federal Register Volume 70, Number 155 (Friday, August 12, 2005)]
[Rules and Regulations]
[Pages 47085-47086]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-15998]


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FEDERAL RESERVE SYSTEM

12 CFR Part 229

[Regulation CC; Docket No. R-1233]


Availability of Funds and Collection of Checks

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule; technical amendment.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors is amending appendix A of Regulation CC 
to delete the reference to the Portland branch office of the Federal 
Reserve Bank of San Francisco and reassign the Federal Reserve routing 
symbols currently listed under that office to the Seattle branch office 
of the Federal Reserve Bank of San Francisco. These amendments will 
ensure that the information in appendix A accurately describes the 
actual structure of check processing operations within the Federal 
Reserve System.

DATES: The final rule will become effective on October 22, 2005.

FOR FURTHER INFORMATION CONTACT: Jack K. Walton II, Assistant Director 
(202/452-2660), or Joseph P. Baressi, Senior Financial Services Analyst 
(202/452-3959), Division of Reserve Bank Operations and Payment 
Systems; or Adrianne G. Threatt, Counsel (202/452-3554), Legal 
Division. For users of Telecommunications Devices for the Deaf (TDD) 
only, contact 202/263-4869.

SUPPLEMENTARY INFORMATION: Regulation CC establishes the maximum period 
a depositary bank may wait between receiving a deposit and making the 
deposited funds available for withdrawal.\1\ A depositary bank 
generally must provide faster availability for funds deposited by a 
local check than by a nonlocal check. A check drawn on a bank is 
considered local if it is payable by or at a bank located in the same 
Federal Reserve check processing region as the depositary bank. A check 
drawn on a nonbank is considered local if it is payable through a bank 
located in the same Federal Reserve check processing region as the 
depositary bank. Checks that do not meet the requirements for local 
checks are considered nonlocal.
---------------------------------------------------------------------------

    \1\ For purposes of Regulation CC, the term ``bank'' refers to 
any depository institution, including commercial banks, savings 
institutions, and credit unions.
---------------------------------------------------------------------------

    Appendix A to Regulation CC contains a routing number guide that 
assists banks in identifying local and nonlocal banks and thereby 
determining the maximum permissible hold periods for most deposited 
checks. The appendix includes a list of each Federal Reserve check 
processing office and the first four digits of the routing number, 
known as the Federal Reserve routing symbol, of each bank that is 
served by that office for check processing purposes. Banks whose 
Federal Reserve routing symbols are grouped under the same office are 
in the same check processing region and thus are local to one another.
    As explained in detail in the Board's final rule published in the 
Federal Register on September 28, 2004, the Federal Reserve Banks have 
decided to reduce further the number of locations at which they process 
checks.\2\ The appendix A amendments set forth in this notice relate to 
one phase of the overall restructuring plan. The Board will issue 
separate notices for each subsequent phase of the restructuring.\3\
---------------------------------------------------------------------------

    \2\ See 69 FR 57837, September 28, 2004.
    \3\ In addition to the general advance notice of future 
amendments provided by the Board, and the Board's notices of final 
amendments, the Reserve Banks are striving to inform affected 
depository institutions of the exact date of each office transition 
at least 120 days in advance. The Reserve Banks' communications to 
affected depository institutions are available at https://
www.frbservices.org.
---------------------------------------------------------------------------

    As part of the restructuring process, the Portland branch office of 
the Federal Reserve Bank of San Francisco will cease processing checks 
on October 22, 2005, and banks with routing symbols currently assigned 
to that office for check processing purposes will be reassigned to the 
Seattle branch office of the Federal Reserve Bank of San Francisco. As 
a result of these changes, some checks that are drawn on and deposited 
at banks located in the affected check processing regions and that 
currently are nonlocal checks will become local checks subject to 
faster availability schedules.
    To assist banks in identifying local and nonlocal banks, the Board 
accordingly is amending the list of routing symbols associated with the 
Federal Reserve Bank of San Francisco to conform to the transfer of 
operations from the Reserve Bank's Portland branch office to the 
Seattle branch office. To coincide with the effective date of the 
underlying check processing changes, the amendments are effective 
October 22, 2005. The Board is providing advance notice of these 
amendments to give affected banks ample time to make any needed 
processing changes. The advance notice also will enable affected banks, 
if necessary, to amend their availability schedules and related 
disclosures and provide their customers with notice of

[[Page 47086]]

these changes.\4\ The Federal Reserve routing symbols assigned to all 
other Federal Reserve branches and offices will remain the same at this 
time. The Board of Governors, however, intends to issue similar notices 
at least sixty days prior to the elimination of check operations at 
some other Reserve Bank offices, as described in the September 2004 
Federal Register document.
---------------------------------------------------------------------------

    \4\ Section 229.18(e) of Regulation CC requires that banks 
notify account holders who are consumers within 30 days after 
implementing a change that improves the availability of funds.
---------------------------------------------------------------------------

Administrative Procedure Act

    The Board has not followed the provisions of 5 U.S.C. 553(b) 
relating to notice and public participation in connection with the 
adoption of this final rule. The revisions to the appendix are 
technical in nature, and the routing symbol revisions are required by 
the statutory and regulatory definitions of ``check-processing 
region.'' Because there is no substantive change on which to seek 
public input, the Board has determined that the Sec.  553(b) notice and 
comment procedures are unnecessary.

Paperwork Reduction Act

    In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 
3506; 5 CFR 1320 Appendix A.1), the Board has reviewed the final rule 
under authority delegated to the Board by the Office of Management and 
Budget. These technical amendments to appendix A of Regulation CC will 
delete the reference to the Portland branch office of the Federal 
Reserve Bank of San Francisco and reassign the routing symbols listed 
under that office to the Seattle branch office of the Federal Reserve 
Bank of San Francisco. The depository institutions that are located in 
the affected check processing regions and that include the routing 
numbers in their disclosure statements would be required to notify 
customers of the resulting change in availability under Sec.  
229.18(e). However, because all paperwork collection procedures 
associated with Regulation CC already are in place, the Board 
anticipates that no additional burden will be imposed as a result of 
this rulemaking.

12 CFR Chapter II

List of Subjects in 12 CFR Part 229

    Banks, Banking, Reporting and recordkeeping requirements.

Authority and Issuance

0
For the reasons set forth in the preamble, the Board is amending 12 CFR 
part 229 to read as follows:

PART 229--AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS 
(REGULATION CC)

0
1. The authority citation for part 229 continues to read as follows:

    Authority: 12 U.S.C. 4001-4010, 12 U.S.C. 5001-5018.

0
2. The Twelfth Federal Reserve District routing symbol list in appendix 
A is revised to read as follows:

Appendix A To Part 229--Routing Number Guide To Next-Day Availability 
Checks and Local Checks

* * * * *

                    Twelfth Federal Reserve District
                 (Federal Reserve Bank of San Francisco)
------------------------------------------------------------------------
 
------------------------------------------------------------------------
Head Office
1210............................................................    3210
1211............................................................    3211
1212............................................................    3212
1213............................................................    3213
Los Angeles Branch
1220............................................................    3220
1221............................................................    3221
1222............................................................    3222
1223............................................................    3223
1224............................................................    3224
Seattle Branch
1230............................................................    3230
1231............................................................    3231
1232............................................................    3232
1233............................................................    3233
1250............................................................    3250
1251............................................................    3251
1252............................................................    3252
------------------------------------------------------------------------

* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, August 8, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05-15998 Filed 8-11-05; 8:45 am]
BILLING CODE 6210-01-P
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