Availability of Funds and Collection of Checks, 60418-60420 [05-20661]
Download as PDF
<![CDATA[
60418
Federal Register / Vol. 70, No. 200 / Tuesday, October 18, 2005 / Rules and Regulations
Maximum
wattage
(at 74 °C)
12″ Red Ball .....................................................................................................................................................
8″ Red Ball .......................................................................................................................................................
12″ Red Arrow ..................................................................................................................................................
12″ Green Ball ..................................................................................................................................................
8″ Green Ball ....................................................................................................................................................
12″ Green Arrow ...............................................................................................................................................
Pedestrian Module Type:
Combination Walking Man/Hand ......................................................................................................................
Walking Man .....................................................................................................................................................
Orange Hand ....................................................................................................................................................
(b) Be installed with compatible,
electrically connected signal control
interface devices and conflict
monitoring systems.
I 19. Part 431 is amended by adding a
new subpart N consisting of §§ 431.241,
431.242, and 431.246 to read as follows:
Subpart N—Unit Heaters
§ 431.241
Definitions concerning unit
Unit heater means a self-contained
fan-type heater designed to be installed
within the heated space; however, the
term does not include a warm air
furnace.
Test Procedures [Reserved]
Energy Conservation Standards
§ 431.246 Energy conservation standards
and their effective dates.
A unit heater manufactured on or
after August 8, 2008, shall:
(a) Be equipped with an intermittent
ignition device; and
(b) Have power venting or an
automatic flue damper.
I 20. Part 431 is amended by adding a
new subpart O consisting of §§ 431.261,
431.262, and 431.266 to read as follows:
Subpart O—Commercial Prerinse
Spray Valves
§ 431.261
Purpose and scope.
This subpart contains energy
conservation requirements for
commercial prerinse spray valves,
pursuant to section 135 of the Energy
Policy Act of 2005, Pub. L. 109–58.
§ 431.262 Definitions concerning
commercial prerinse spray valves.
Commercial prerinse spray valve
means a handheld device designed and
marketed for use with commercial
VerDate Aug<31>2005
16:44 Oct 17, 2005
Jkt 208001
Test Procedures [Reserved]
Energy Conservation Standards
17
13
12
15
12
11
11
8
9
15
12
11
16
12
16
13
9
13
Test Procedures [Reserved]
Energy Conservation Standards
§ 431.286 Energy conservation standards
and their effective dates.
Mercury vapor lamp ballasts shall not
be manufactured or imported after
January 1, 2008.
§ 431.266 Energy conservation standards
and their effective dates.
Purpose and scope.
This subpart contains energy
conservation requirements for unit
heaters, pursuant to Part B of Title III of
the Energy Policy and Conservation Act,
as amended, 42 U.S.C. 6291–6309.
§ 431.242
heaters.
dishwashing and ware washing
equipment that sprays water on dishes,
flatware, and other food service items
for the purpose of removing food
residue before cleaning the items.
Nominal
wattage
(at 25 °C)
Subparts Q–T—[Reserved]
Commercial prerinse spray valves
manufactured on or after January 1,
2006, shall have a flow rate of not more
than 1.6 gallons per minute.
I
21. Part 431 is amended by adding a
new subpart P consisting of §§ 431.281,
431.282, and 431.286 to read as follows:
22. Subparts Q through T are added
and reserved.
[FR Doc. 05–20701 Filed 10–17–05; 8:45 am]
BILLING CODE 6450–01–P
I
Subpart P—Mercury Vapor Lamp
Ballasts
§ 431.281
Purpose and scope.
This subpart contains energy
conservation requirements for mercury
vapor lamp ballasts, pursuant to section
135 of the Energy Policy Act of 2005,
Pub. L. 109–58.
§ 431.282 Definitions concerning mercury
vapor lamp ballasts.
High intensity discharge lamp means
an electric-discharge lamp in which—
(1) The light-producing arc is
stabilized by bulb wall temperature; and
(2) The arc tube has a bulb wall
loading in excess of 3 Watts/cm2,
including such lamps that are mercury
vapor, metal halide, and high-pressure
sodium lamps.
Mercury vapor lamp means a high
intensity discharge lamp in which the
major portion of the light is produced by
radiation from mercury operating at a
partial pressure in excess of 100,000 PA
(approximately 1 atm), including such
lamps that are clear, phosphor-coated,
and self-ballasted.
Mercury vapor lamp ballast means a
device that is designed and marketed to
start and operate mercury vapor lamps
by providing the necessary voltage and
current.
PO 00000
Frm 00014
Fmt 4700
Sfmt 4700
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R–1237]
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 Oklahoma
City branch office of the Federal Reserve
Bank of Kansas City and reassign the
Federal Reserve routing symbols
currently listed under that office to the
head office of the Federal Reserve Bank
of Dallas and delete the reference to the
Columbus office of the Federal Reserve
Bank of Cleveland and reassign the
routing symbols listed under that office
to the Cincinnati branch office and the
head office of that Reserve Bank. These
amendments will ensure that the
information in appendix A accurately
describes the actual structure of check
processing operations within the
Federal Reserve System. The
amendments to the routing symbol lists
in appendix A under the Federal
Reserve Bank of Cleveland differ from
the Board’s September 28, 2004, general
advance notice. (See 69 FR 57837.)
E:\FR\FM\18OCR1.SGM
18OCR1
Federal Register / Vol. 70, No. 200 / Tuesday, October 18, 2005 / Rules and Regulations
The amendments to appendix A
under the Tenth and Eleventh Federal
Reserve Districts (Federal Reserve Banks
of Kansas City and Dallas) are effective
on December 10, 2005. The amendments
to appendix A under the Fourth Federal
Reserve District (Federal Reserve Bank
of Cleveland) that revise the listings for
the Cincinnati Branch office and amend
the listings for the Columbus office are
effective January 21, 2006. The
amendments to appendix A under the
Fourth Federal Reserve District that
revise the listings for the Cleveland
head office and delete the remaining
listings for the Columbus office are
effective February 11, 2006.
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
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.
DATES:
1 For purposes of Regulation CC, the term ‘‘bank’’
refers to any depository institution, including
commercial banks, savings institutions, and credit
unions.
VerDate Aug<31>2005
16:44 Oct 17, 2005
Jkt 208001
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
amendments set forth in this notice are
part of a series of appendix A
amendments related to that decision,
and the Board will issue separate
notices for each phase of the
restructuring.3
As part of the restructuring process,
the Oklahoma City branch office of the
Federal Reserve Bank of Kansas City
will cease processing checks on
December 10, 2005, and banks with
routing symbols currently assigned to
that office for check processing
purposes will be reassigned to the head
office of the Federal Reserve Bank of
Dallas. Also as part of the restructuring
process, on January 21, 2006, banks
with 0442 and 2442 routing symbols,
currently assigned to the Columbus
office of the Federal Reserve Bank of
Cleveland for check processing
purposes, will be reassigned to the
Cleveland Reserve Bank’s Cincinnati
branch office. On February 11, 2006,
banks with 0440, 2440, 0441, and 2441
routing symbols, also currently assigned
to the Columbus office for check
processing purposes, will be reassigned
to the Cleveland Reserve Bank’s head
office and the Columbus office will
cease processing checks. Banks in the
current Columbus, Cincinnati, and
Cleveland check processing regions
should note that the Reserve Banks’
transfer of the Columbus office’s check
processing operations to both the
Cincinnati branch office and the
Cleveland head office differs from prior
Federal Reserve Bank announcements
indicating that the entirety of the
Columbus office’s operations would be
transferred to the Cleveland head office.
The Reserve Banks believe that this
arrangement will better serve the needs
of affected depository institutions.
Because the Dallas, Cincinnati, and
Cleveland check processing regions
serve, or will serve as a result of these
changes, banks located in multiple
Federal Reserve districts, banks located
in these regions cannot determine that
a check is nonlocal solely because the
paying bank for that check is located in
another Federal Reserve district. As a
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 www.frbservices.org.
3 In
PO 00000
Frm 00015
Fmt 4700
Sfmt 4700
60419
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 lists of
routing symbols associated with the
Federal Reserve Banks of Cleveland,
Kansas City, and Dallas to conform to
the transfer of operations from the
Kansas City Reserve Bank’s Oklahoma
City branch office to the Dallas Reserve
Bank’s head office and from the
Cleveland Reserve Bank’s Columbus
office to that Reserve Bank’s Cincinnati
branch office and head office. To
coincide with the effective date of the
underlying check processing changes,
the amendments affecting the Federal
Reserve Banks of Kansas City and Dallas
are effective December 10, 2005. The
amendments affecting the Federal
Reserve Bank of Cleveland that list the
0442 and 2442 routing symbols under
the Cincinnati Branch office are
effective January 21, 2006, and the
amendments that list the 0440, 2440,
0441, and 2441 routing symbols under
the head office and delete the reference
to the Columbus office are effective
February 11, 2006.
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 to amend their availability
schedules and related disclosures, if
necessary, and provide their customers
with notice of these changes.4 The
Board is providing earlier-than-usual
notice of the amendments to the
appendix A routing symbol lists under
the Federal Reserve Bank of Cleveland
because these amendments differ from
what was set forth in the September 28,
2004, general advance notice. 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.
E:\FR\FM\18OCR1.SGM
18OCR1
60420
Federal Register / Vol. 70, No. 200 / Tuesday, October 18, 2005 / Rules and Regulations
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 (1)
delete the reference to the Oklahoma
City branch office of the Federal Reserve
Bank of Kansas City and reassign the
Federal Reserve routing symbols
currently listed under that office to the
head office of the Federal Reserve Bank
of Dallas and (2) delete the reference to
the Columbus office of the Federal
Reserve Bank of Cleveland and reassign
the routing symbols listed under that
office to the Cincinnati Branch office
and the head office of that Reserve
Bank. 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.
12 CFR Chapter II
List of Subjects in 12 CFR Part 229
Banks, Banking, Reporting and
recordkeeping requirements.
*
*
*
*
Head Office
1010
3010
1011
3011
1012
3012
1019
3019
Denver Branch
1020
3020
1021
3021
1022
3022
1023
3023
1070
3070
1240
3240
1241
3241
1242
3242
1243
3243
*
1. The authority citation for part 229
continues to read as follows:
I
Authority: 12 U.S.C. 4001–4010, 12 U.S.C.
5001–5018.
Frm 00016
*
*
*
*
*
BILLING CODE 6210–01–P
*
*
*
Cincinnati Branch
0420
2420
0421
2421
0422
2422
0423
2423
0442
2442
0515
2515
0519
2519
PO 00000
*
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05–20661 Filed 10–17–05; 8:45 am]
*
*
*
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority, October 11, 2005.
*
*
*
*
I 3. Effective January 21, 2006, the
Fourth Federal Reserve District routing
symbol list in Appendix A is amended
by removing the listings for 0442 and
2442 from the Columbus office and by
revising the Cincinnati listings to read
as follows:
*
*
Head Office
0410
2410
0412
2412
0430
2430
0432
2432
0433
2433
0434
2434
0440
2440
0441
2441
0720
2720
0724
2724
*
*
*
*
*
*
4. Effective February 11, 2006, the
Fourth Federal Reserve District routing
symbol list in Appendix A is amended
by deleting the remaining listings and
heading for the Columbus office, and
revising the listings for the Cleveland
head office to read as follows:
I
Fourth Federal Reserve District
[Federal Reserve Bank of Cleveland]
Head Office
1030
3030
1031
3031
1039
3039
1110
3110
1111
3111
1113
3113
1119
3119
1120
3120
1122
3122
1123
3123
1130
3130
1131
3131
1140
3140
1149
3149
1163
3163
*
2740
2749
2813
2830
2839
2863
*
*
Eleventh Federal Reserve District
[Federal Reserve Bank of Dallas]
*
0740
0749
0813
0830
0839
0863
Appendix A To Part 229—Routing
Number Guide To Next-Day
Availability Checks and Local Checks
Fourth Federal Reserve District
PART 229—AVAILABILITY OF FUNDS
AND COLLECTION OF CHECKS
(REGULATION CC)
Jkt 208001
*
Tenth Federal Reserve District
[Federal Reserve Bank of Kansas City]
*
For the reasons set forth in the
preamble, the Board is amending 12
CFR part 229 to read as follows:
I
16:44 Oct 17, 2005
Appendix A To Part 229—Routing
Number Guide To Next-Day
Availability Checks and Local Checks
Appendix A To Part 229—Routing
Number Guide To Next-Day
Availability Checks and Local Checks
Authority and Issuance
VerDate Aug<31>2005
2. Effective December 10, 2005, the
Tenth and Eleventh Federal Reserve
District routing symbol lists in appendix
A are revised to read as follows:
I
Fmt 4700
Sfmt 4700
FEDERAL DEPOSIT INSURANCE
CORPORATION
12 CFR Part 333
RIN 3064–AC94
Extension of Corporate Powers
Federal Deposit Insurance
Corporation.
ACTION: Interpretive rule; request for
comments.
AGENCY:
SUMMARY: The Federal Deposit
Insurance Corporation (FDIC) is
amending an interpretative rule (12 CFR
333.101(b)) which states that insured
State nonmember banks not exercising
trust powers may offer self-directed
traditional Individual Retirement and
Keogh Plan accounts without the prior
written consent of the FDIC. As
amended, the interpretive ruling is
expanded to expressly cover Coverdell
Education Savings Accounts, Roth
E:\FR\FM\18OCR1.SGM
18OCR1
]]>Agencies
[Federal Register Volume 70, Number 200 (Tuesday, October 18, 2005)]
[Rules and Regulations]
[Pages 60418-60420]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-20661]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R-1237]
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 Oklahoma City branch office of the
Federal Reserve Bank of Kansas City and reassign the Federal Reserve
routing symbols currently listed under that office to the head office
of the Federal Reserve Bank of Dallas and delete the reference to the
Columbus office of the Federal Reserve Bank of Cleveland and reassign
the routing symbols listed under that office to the Cincinnati branch
office and the head office of that Reserve Bank. These amendments will
ensure that the information in appendix A accurately describes the
actual structure of check processing operations within the Federal
Reserve System. The amendments to the routing symbol lists in appendix
A under the Federal Reserve Bank of Cleveland differ from the Board's
September 28, 2004, general advance notice. (See 69 FR 57837.)
[[Page 60419]]
DATES: The amendments to appendix A under the Tenth and Eleventh
Federal Reserve Districts (Federal Reserve Banks of Kansas City and
Dallas) are effective on December 10, 2005. The amendments to appendix
A under the Fourth Federal Reserve District (Federal Reserve Bank of
Cleveland) that revise the listings for the Cincinnati Branch office
and amend the listings for the Columbus office are effective January
21, 2006. The amendments to appendix A under the Fourth Federal Reserve
District that revise the listings for the Cleveland head office and
delete the remaining listings for the Columbus office are effective
February 11, 2006.
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 amendments set forth in this notice are part of a series
of appendix A amendments related to that decision, and the Board will
issue separate notices for each 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
www.frbservices.org.
---------------------------------------------------------------------------
As part of the restructuring process, the Oklahoma City branch
office of the Federal Reserve Bank of Kansas City will cease processing
checks on December 10, 2005, and banks with routing symbols currently
assigned to that office for check processing purposes will be
reassigned to the head office of the Federal Reserve Bank of Dallas.
Also as part of the restructuring process, on January 21, 2006, banks
with 0442 and 2442 routing symbols, currently assigned to the Columbus
office of the Federal Reserve Bank of Cleveland for check processing
purposes, will be reassigned to the Cleveland Reserve Bank's Cincinnati
branch office. On February 11, 2006, banks with 0440, 2440, 0441, and
2441 routing symbols, also currently assigned to the Columbus office
for check processing purposes, will be reassigned to the Cleveland
Reserve Bank's head office and the Columbus office will cease
processing checks. Banks in the current Columbus, Cincinnati, and
Cleveland check processing regions should note that the Reserve Banks'
transfer of the Columbus office's check processing operations to both
the Cincinnati branch office and the Cleveland head office differs from
prior Federal Reserve Bank announcements indicating that the entirety
of the Columbus office's operations would be transferred to the
Cleveland head office. The Reserve Banks believe that this arrangement
will better serve the needs of affected depository institutions.
Because the Dallas, Cincinnati, and Cleveland check processing regions
serve, or will serve as a result of these changes, banks located in
multiple Federal Reserve districts, banks located in these regions
cannot determine that a check is nonlocal solely because the paying
bank for that check is located in another Federal Reserve district. 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 lists of routing symbols associated with
the Federal Reserve Banks of Cleveland, Kansas City, and Dallas to
conform to the transfer of operations from the Kansas City Reserve
Bank's Oklahoma City branch office to the Dallas Reserve Bank's head
office and from the Cleveland Reserve Bank's Columbus office to that
Reserve Bank's Cincinnati branch office and head office. To coincide
with the effective date of the underlying check processing changes, the
amendments affecting the Federal Reserve Banks of Kansas City and
Dallas are effective December 10, 2005. The amendments affecting the
Federal Reserve Bank of Cleveland that list the 0442 and 2442 routing
symbols under the Cincinnati Branch office are effective January 21,
2006, and the amendments that list the 0440, 2440, 0441, and 2441
routing symbols under the head office and delete the reference to the
Columbus office are effective February 11, 2006.
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 to amend their
availability schedules and related disclosures, if necessary, and
provide their customers with notice of these changes.\4\ The Board is
providing earlier-than-usual notice of the amendments to the appendix A
routing symbol lists under the Federal Reserve Bank of Cleveland
because these amendments differ from what was set forth in the
September 28, 2004, general advance notice. 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.
---------------------------------------------------------------------------
[[Page 60420]]
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
(1) delete the reference to the Oklahoma City branch office of the
Federal Reserve Bank of Kansas City and reassign the Federal Reserve
routing symbols currently listed under that office to the head office
of the Federal Reserve Bank of Dallas and (2) delete the reference to
the Columbus office of the Federal Reserve Bank of Cleveland and
reassign the routing symbols listed under that office to the Cincinnati
Branch office and the head office of that Reserve Bank. 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. Effective December 10, 2005, the Tenth and Eleventh Federal Reserve
District routing symbol lists in appendix A are revised to read as
follows:
Appendix A To Part 229--Routing Number Guide To Next-Day Availability
Checks and Local Checks
* * * * *
Tenth Federal Reserve District
[Federal Reserve Bank of Kansas City]
Head Office
1010 3010
1011 3011
1012 3012
1019 3019
Denver Branch
1020 3020
1021 3021
1022 3022
1023 3023
1070 3070
1240 3240
1241 3241
1242 3242
1243 3243
Eleventh Federal Reserve District
[Federal Reserve Bank of Dallas]
Head Office
1030 3030
1031 3031
1039 3039
1110 3110
1111 3111
1113 3113
1119 3119
1120 3120
1122 3122
1123 3123
1130 3130
1131 3131
1140 3140
1149 3149
1163 3163
* * * * *
0
3. Effective January 21, 2006, the Fourth Federal Reserve District
routing symbol list in Appendix A is amended by removing the listings
for 0442 and 2442 from the Columbus office and by revising the
Cincinnati listings to read as follows:
Appendix A To Part 229--Routing Number Guide To Next-Day Availability
Checks and Local Checks
* * * * *
Fourth Federal Reserve District
* * * * *
Cincinnati Branch
0420 2420
0421 2421
0422 2422
0423 2423
0442 2442
0515 2515
0519 2519
0740 2740
0749 2749
0813 2813
0830 2830
0839 2839
0863 2863
* * * * *
0
4. Effective February 11, 2006, the Fourth Federal Reserve District
routing symbol list in Appendix A is amended by deleting the remaining
listings and heading for the Columbus office, and revising the listings
for the Cleveland head office to read as follows:
Appendix A To Part 229--Routing Number Guide To Next-Day Availability
Checks and Local Checks
* * * * *
Fourth Federal Reserve District
[Federal Reserve Bank of Cleveland]
Head Office
0410 2410
0412 2412
0430 2430
0432 2432
0433 2433
0434 2434
0440 2440
0441 2441
0720 2720
0724 2724
* * * * *
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority, October 11, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05-20661 Filed 10-17-05; 8:45 am]
BILLING CODE 6210-01-P
