Availability of Funds and Collection of Checks, 27951-27953 [E7-9558]
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Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Rules and Regulations
amendments to appendix A are
expected to take place in the second half
of 2007.
I 3. In § 301.64–3, paragraph (c) is
amended by adding, in alphabetical
order, under the heading ‘‘Texas,’’ an
entry for Webb County to read as
follows:
§ 301.64–3
*
The final rule will become
effective on July 21, 2007.
DATES:
Quarantined areas.
*
*
(c) * * *
*
TEXAS
*
*
*
*
*
Webb County: That portion of Webb
County in the Laredo area bounded by
a line as follows: Beginning at a point
described as 27.573282° N. latitude and
¥99.517998° W. longitude on the Rio
Grande River, then east to a point
described as 27.573524° N. latitude and
-99.454503° W. longitude, then south to
a point described as 27.442772° N.
latitude and ¥99.448625° W. longitude,
then west to a point described as
27.442613° N. latitude and
¥99.495403° N. longitude on the Rio
Grande River, then north along the Rio
Grande River to the point of beginning.
*
*
*
*
*
Done in Washington, DC, this 14th day of
May 2007.
Kevin Shea,
Acting Administrator, Animal and Plant
Health Inspection Service.
[FR Doc. E7–9577 Filed 5–17–07; 8:45 am]
BILLING CODE 3410–34–P
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R–1287]
Availability of Funds and Collection of
Checks
Board of Governors of the
Federal Reserve System.
ACTION: Final rule; technical
amendment.
cprice-sewell on PRODPC61 with RULES
AGENCY:
SUMMARY: The Board of Governors is
amending appendix A of Regulation CC
to delete the reference to the Nashville
branch office of the Federal Reserve
Bank of Atlanta and reassign the Federal
Reserve routing symbols currently listed
under that office to the head office of
the Federal Reserve Bank of Atlanta and
is amending appendix B of Regulation
CC to delete the reference to the
Nashville branch office. The Board also
is providing advance notice about future
amendments to appendix A in
connection with the next phase of the
Reserve Banks’ restructuring of the
check processing operations within the
Federal Reserve System. This future
restructuring and the associated
VerDate Aug<31>2005
15:21 May 17, 2007
Jack
K. Walton II, Associate Director (202/
452–2660), or Joseph P. Baressi,
Financial Services Project Leader (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.
FOR FURTHER INFORMATION CONTACT:
*
Jkt 211001
SUPPLEMENTARY INFORMATION:
Background
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. Appendix B to Regulation
CC reduces the generally permissible
hold times for nonlocal check deposits
collected between certain check
processing regions from 5 days to 3 days
due to generally faster collection times
between these regions.
1 For purposes of Regulation CC, the term ‘‘bank’’
refers to any depository institution, including
commercial banks, savings institutions, and credit
unions.
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27951
Final Amendments to Appendix A and
Appendix B
The Reserve Banks announced in
2004 that the check-processing
operations of the Nashville branch office
of the Federal Reserve Bank of Atlanta
would be transferred to the Atlanta
Reserve Bank’s head office.2 The Board
previously provided notice of the
Reserve Banks’ delay, due to Hurricane
Katrina and the concomitant transfer of
the New Orleans branch office’s checkprocessing operations to the Atlanta
head office, of the transfer of the
Nashville branch office’s checkprocessing operations.3 The Reserve
Banks will proceed with the transfer of
the Nashville branch office’s checkprocessing operations to the Atlanta
Reserve Bank’s head office on July 21,
2007. To assist banks in identifying
local and nonlocal checks and making
funds availability decisions, the Board
is amending in appendix A the list of
routing symbols associated with the
Federal Reserve Bank of Atlanta to
reflect the transfer of check-processing
operations from the Atlanta Reserve
Bank’s Nashville branch office to the
Reserve Bank’s head office in Atlanta. In
addition, because checks deposited in
banks in the current Nashville check
processing region and drawn on banks
in the Atlanta check processing region
will become local checks as a result of
these changes, the provisions of
appendix B relating to these checks no
longer will be necessary. Accordingly,
the Board also is amending appendix B
to delete the reference to the Nashville
branch office. To coincide with the
effective date of the underlying check
processing changes, the amendments to
appendix A and appendix B are
effective July 21, 2007. The Board is
providing notice of the amendments at
this time to give affected banks ample
time to make any needed processing
changes. Early 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
Information About Future Changes to
Appendix A
As the Federal Reserve Banks
announced on May 31, 2006,5 in
2 See
69 FR 57837, September 28, 2004.
70 FR 74998, December 19, 2005.
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.
5 The Reserve Banks’ press release is available at
https://www.federalreserve.gov/boarddocs/press/
other/2006/20060531/default.htm.
3 See
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18MYR1
27952
Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Rules and Regulations
response to the continued nationwide
decline in check usage and to position
themselves more effectively to meet the
cost recovery requirements of the
Monetary Control Act of 1980, the
Reserve Banks have decided to reduce
further the number of locations at which
they process checks. The Reserve Banks
plan to stop processing checks at two
offices, and the checks currently
processed at those offices will be
processed at other offices, as follows:
Branches and offices
that no longer will
process checks:
1. Denver
The operations of the Helena branch
office will be transferred such that
banks with the following Federal
Reserve routing symbols will be local to
the Denver branch office:
cprice-sewell on PRODPC61 with RULES
1210
1211
1212
1213
1220
1221
1222
1223
1224
Denver, CO.
Los Angeles, CA.
These restructurings of Reserve Bank
check processing operations are
expected to take place in the second half
of 2007 and will reduce the number of
check processing regions from 21 to 19.
The Board will amend appendix A in
connection with each stage of the
restructuring to delete the name of the
office that will no longer process checks
and transfer the affected Federal Reserve
routing symbols to another check
processing office. The Board intends to
provide notice of each stage of the
restructuring and the associated
amendments to appendix A at least 60
days prior to the effective date of the
amendment in order to give affected
banks ample time to make processing
changes and, if necessary, amend their
availability schedules and related
disclosures and provide their customers
with notice of any changes to their
availability schedules.
Some affected banks might prefer to
make or to plan for some or all of their
processing and availability changes
prior to the effective dates of the
relevant amendments. For the
information and planning needs of
affected banks, the Board today is
describing below the Federal Reserve
routing symbol changes to appendix A
that will be made over the second half
of 2007.
0920
0921
0929
1020
1021
1022
1023
1070
VerDate Aug<31>2005
2920
2921
2929
3020
3021
3022
3023
3070
19:31 May 17, 2007
Jkt 211001
3240
3241
3242
3243
2. Los Angeles
The operations of the San Francisco
head office will be transferred such that
banks with the following Federal
Reserve routing symbols will be local to
the Los Angeles branch office:
Branches and offices
to which check processing will be transferred:
Helena, MT ...............
San Francisco, CA ....
1240
1241
1242
1243
3210
3211
3212
3213
3220
3221
3222
3223
3224
The Federal Reserve routing symbols
assigned to all other Federal Reserve
branches and offices will remain the
same through the end of 2007.
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 the
final rule. The revisions to appendix A
and appendix B are technical in nature
and are required by the statutory and
regulatory definitions of ‘‘checkprocessing 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. The
technical amendment to appendix A of
Regulation CC will delete the reference
to the Nashville branch office of the
Federal Reserve Bank of Atlanta and
reassign the routing symbols listed
under that office to the head office of
the Federal Reserve Bank of Atlanta.
The technical amendment to appendix
B of Regulation CC will delete the
reference to the Nashville branch office.
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, all
paperwork collection procedures
associated with Regulation CC already
are in place, and the Board accordingly
anticipates that no additional burden
will be imposed as a result of this
rulemaking.
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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
PART 229—AVAILABILITY OF FUNDS
AND COLLECTION OF CHECKS
(REGULATION CC)
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.
2. The Sixth 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
*
*
*
*
*
Sixth Federal Reserve District
[Federal Reserve Bank of Atlanta]
Head Office
0610
0611
0612
0613
0620
0621
0622
0640
0641
0642
0650
0651
0652
0653
0654
0655
2610
2611
2612
2613
2620
2621
2622
2640
2641
2642
2650
2651
2652
2653
2654
2655
Jacksonville Branch
0630
0631
0632
0660
0670
2630
2631
2632
2660
2670
*
*
*
*
*
3. Appendix B is revised to read as
follows:
I
Appendix B to Part 229—Reduction of
Schedules for Certain Nonlocal Checks
A depositary bank that is located in the
following check processing territories shall
make funds deposited in an account by a
nonlocal check described below available for
withdrawal not later than the number of
business days following the banking day on
which funds are deposited, as specified
below.
E:\FR\FM\18MYR1.SGM
18MYR1
Federal Register / Vol. 72, No. 96 / Friday, May 18, 2007 / Rules and Regulations
Federal Reserve Office
Number of business days following the banking day funds are
deposited
FOR FURTHER INFORMATION CONTACT:
3
3
Utica:
0210, 0280 ....................
Kansas City:
0865, 2865 ....................
Taylor Martin, Aerospace Engineer,
FAA, Small Airplane Directorate, 901
Locust, Room 301, Kansas City,
Missouri 64106; telephone: (816) 329–
4138; fax: (816) 329–4090.
SUPPLEMENTARY INFORMATION:
Streamlined Issuance of AD
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority, May 14, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7–9558 Filed 5–17–07; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2006–26284; Directorate
Identifier 2006–CE–68–AD; Amendment 39–
15057; AD 2007–10–16]
RIN 2120–AA64
Airworthiness Directives; British
Aerospace Regional Aircraft Jetstream
Model 3201 Airplanes
Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Final rule.
AGENCY:
SUMMARY: We are adopting a new
airworthiness directive (AD) for the
products listed above. This AD results
from mandatory continuing
airworthiness information (MCAI)
issued by an aviation authority of
another country to identify and correct
an unsafe condition on an aviation
product. The MCAI describes the unsafe
condition as:
The FAA is implementing a new
process for streamlining the issuance of
ADs related to MCAI. The streamlined
process will allow us to adopt MCAI
safety requirements in a more efficient
manner and will reduce safety risks to
the public. This process continues to
follow all FAA AD issuance processes to
meet legal, economic, Administrative
Procedure Act, and Federal Register
requirements. We also continue to meet
our technical decision-making
responsibilities to identify and correct
unsafe conditions on U.S.-certificated
products.
This AD references the MCAI and
related service information that we
considered in forming the engineering
basis to correct the unsafe condition.
The AD contains text copied from the
MCAI and for this reason might not
follow our plain language principles.
Discussion
We issued a notice of proposed
rulemaking (NPRM) to amend 14 CFR
part 39 to include an AD that would
apply to the specified products. That
NPRM was published in the Federal
Register on March 13, 2007 (72 FR
11300). That NPRM proposed to correct
an unsafe condition for the specified
products. The MCAI states:
cprice-sewell on PRODPC61 with RULES
The Airworthiness Limitations Section of
the Aircraft Maintenance Manual (AMM)
applicable to the British Aerospace Jetstream
3200 has been revised. Some lives have been
amended and new lives introduced.
Compliance with these requirements is
necessary to maintain airworthiness.
We are issuing this AD to require
actions to correct the unsafe condition
on these products.
DATES: This AD becomes effective June
22, 2007.
ADDRESSES: You may examine the AD
docket on the Internet at https://
dms.dot.gov or in person at the Docket
Management Facility, U.S. Department
of Transportation, 400 Seventh Street,
SW., Nassif Building, Room PL–401,
Washington, DC.
The Airworthiness Limitations Section of
the Aircraft Maintenance Manual (AMM)
applicable to the British Aerospace Jetstream
3200 has been revised. Some lives have been
amended and new lives introduced.
Compliance with these requirements is
necessary to maintain airworthiness.
From the effective date of this
Airworthiness Directive (AD), comply with
the requirements of BAE Jetstream Series
3200 Aircraft Maintenance Manual, Chapter
05–10–05, Airworthiness Limitations
Description and Operation Section*,
Revision 14 or later EASA approved revision.
*Only the structural fatigue tasks are
mandated by this AD, the following tasks are
not addressed by this AD: All the tasks
recorded in Tables 2, 4, 5 and 8. Together
with the Table No 3—task 27–70–000 Gust
lock system.
Comments
VerDate Aug<31>2005
15:21 May 17, 2007
Jkt 211001
We gave the public the opportunity to
participate in developing this AD. We
received no comments on the NPRM or
on the determination of the cost to the
public.
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27953
Conclusion
We reviewed the available data and
determined that air safety and the
public interest require adopting the AD
as proposed.
Differences Between This AD and the
MCAI or Service Information
We have reviewed the MCAI and
related service information and, in
general, agree with their substance. But
we might have found it necessary to use
different words from those in the MCAI
to ensure the AD is clear for U.S.
operators and is enforceable. In making
these changes, we do not intend to differ
substantively from the information
provided in the MCAI and related
service information.
We might also have required different
actions in this AD from those in the
MCAI in order to follow FAA policies.
Any such differences are highlighted in
a NOTE within the AD.
Costs of Compliance
We estimate that this AD will affect
20 products of U.S. registry. We also
estimate that it will take about 1 workhour per product to comply with basic
requirements of this AD (inserting the
document into the Airworthiness
Limitations section of the Instructions
for Continued Airworthiness or other
FAA-approved maintenance document).
The average labor rate is $80 per workhour. Based on these figures, we
estimate the cost of this AD on U.S.
operators to be $1,600, or $80 per
product.
We have no way of determining the
costs associated with having to replace
certain parts at an earlier time due to
reduced life limits.
Authority for This Rulemaking
Title 49 of the United States Code
specifies the FAA’s authority to issue
rules on aviation safety. Subtitle I,
section 106, describes the authority of
the FAA Administrator. ‘‘Subtitle VII:
Aviation Programs,’’ describes in more
detail the scope of the Agency’s
authority.
We are issuing this rulemaking under
the authority described in ‘‘Subtitle VII,
Part A, Subpart III, section 44701:
General requirements.’’ Under that
section, Congress charges the FAA with
promoting safe flight of civil aircraft in
air commerce by prescribing regulations
for practices, methods, and procedures
the Administrator finds necessary for
safety in air commerce. This regulation
is within the scope of that authority
because it addresses an unsafe condition
that is likely to exist or develop on
products identified in this rulemaking
action.
E:\FR\FM\18MYR1.SGM
18MYR1
]]>Agencies
[Federal Register Volume 72, Number 96 (Friday, May 18, 2007)]
[Rules and Regulations]
[Pages 27951-27953]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-9558]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R-1287]
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 Nashville branch office of the Federal
Reserve Bank of Atlanta and reassign the Federal Reserve routing
symbols currently listed under that office to the head office of the
Federal Reserve Bank of Atlanta and is amending appendix B of
Regulation CC to delete the reference to the Nashville branch office.
The Board also is providing advance notice about future amendments to
appendix A in connection with the next phase of the Reserve Banks'
restructuring of the check processing operations within the Federal
Reserve System. This future restructuring and the associated amendments
to appendix A are expected to take place in the second half of 2007.
DATES: The final rule will become effective on July 21, 2007.
FOR FURTHER INFORMATION CONTACT: Jack K. Walton II, Associate Director
(202/452-2660), or Joseph P. Baressi, Financial Services Project Leader
(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:
Background
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.
Appendix B to Regulation CC reduces the generally permissible hold
times for nonlocal check deposits collected between certain check
processing regions from 5 days to 3 days due to generally faster
collection times between these regions.
Final Amendments to Appendix A and Appendix B
The Reserve Banks announced in 2004 that the check-processing
operations of the Nashville branch office of the Federal Reserve Bank
of Atlanta would be transferred to the Atlanta Reserve Bank's head
office.\2\ The Board previously provided notice of the Reserve Banks'
delay, due to Hurricane Katrina and the concomitant transfer of the New
Orleans branch office's check-processing operations to the Atlanta head
office, of the transfer of the Nashville branch office's check-
processing operations.\3\ The Reserve Banks will proceed with the
transfer of the Nashville branch office's check-processing operations
to the Atlanta Reserve Bank's head office on July 21, 2007. To assist
banks in identifying local and nonlocal checks and making funds
availability decisions, the Board is amending in appendix A the list of
routing symbols associated with the Federal Reserve Bank of Atlanta to
reflect the transfer of check-processing operations from the Atlanta
Reserve Bank's Nashville branch office to the Reserve Bank's head
office in Atlanta. In addition, because checks deposited in banks in
the current Nashville check processing region and drawn on banks in the
Atlanta check processing region will become local checks as a result of
these changes, the provisions of appendix B relating to these checks no
longer will be necessary. Accordingly, the Board also is amending
appendix B to delete the reference to the Nashville branch office. To
coincide with the effective date of the underlying check processing
changes, the amendments to appendix A and appendix B are effective July
21, 2007. The Board is providing notice of the amendments at this time
to give affected banks ample time to make any needed processing
changes. Early 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\
---------------------------------------------------------------------------
\2\ See 69 FR 57837, September 28, 2004.
\3\ See 70 FR 74998, December 19, 2005.
\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.
---------------------------------------------------------------------------
Information About Future Changes to Appendix A
As the Federal Reserve Banks announced on May 31, 2006,\5\ in
[[Page 27952]]
response to the continued nationwide decline in check usage and to
position themselves more effectively to meet the cost recovery
requirements of the Monetary Control Act of 1980, the Reserve Banks
have decided to reduce further the number of locations at which they
process checks. The Reserve Banks plan to stop processing checks at two
offices, and the checks currently processed at those offices will be
processed at other offices, as follows:
---------------------------------------------------------------------------
\5\ The Reserve Banks' press release is available at https://
www.federalreserve.gov/boarddocs/press/other/2006/20060531/
default.htm.
------------------------------------------------------------------------
Branches and offices to
Branches and offices that no longer will which check processing will
process checks: be transferred:
------------------------------------------------------------------------
Helena, MT................................ Denver, CO.
San Francisco, CA......................... Los Angeles, CA.
------------------------------------------------------------------------
These restructurings of Reserve Bank check processing operations
are expected to take place in the second half of 2007 and will reduce
the number of check processing regions from 21 to 19. The Board will
amend appendix A in connection with each stage of the restructuring to
delete the name of the office that will no longer process checks and
transfer the affected Federal Reserve routing symbols to another check
processing office. The Board intends to provide notice of each stage of
the restructuring and the associated amendments to appendix A at least
60 days prior to the effective date of the amendment in order to give
affected banks ample time to make processing changes and, if necessary,
amend their availability schedules and related disclosures and provide
their customers with notice of any changes to their availability
schedules.
Some affected banks might prefer to make or to plan for some or all
of their processing and availability changes prior to the effective
dates of the relevant amendments. For the information and planning
needs of affected banks, the Board today is describing below the
Federal Reserve routing symbol changes to appendix A that will be made
over the second half of 2007.
1. Denver
The operations of the Helena branch office will be transferred such
that banks with the following Federal Reserve routing symbols will be
local to the Denver branch office:
0920 2920
0921 2921
0929 2929
1020 3020
1021 3021
1022 3022
1023 3023
1070 3070
1240 3240
1241 3241
1242 3242
1243 3243
2. Los Angeles
The operations of the San Francisco head office will be transferred
such that banks with the following Federal Reserve routing symbols will
be local to the Los Angeles branch office:
1210 3210
1211 3211
1212 3212
1213 3213
1220 3220
1221 3221
1222 3222
1223 3223
1224 3224
The Federal Reserve routing symbols assigned to all other Federal
Reserve branches and offices will remain the same through the end of
2007.
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 the final rule. The revisions to appendix A and appendix B
are technical in nature and 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. The technical amendment to appendix A of Regulation CC will
delete the reference to the Nashville branch office of the Federal
Reserve Bank of Atlanta and reassign the routing symbols listed under
that office to the head office of the Federal Reserve Bank of Atlanta.
The technical amendment to appendix B of Regulation CC will delete the
reference to the Nashville branch office. 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, all paperwork collection procedures
associated with Regulation CC already are in place, and the Board
accordingly anticipates that no additional burden will be imposed as a
result of this rulemaking.
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.
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2. The Sixth 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
* * * * *
Sixth Federal Reserve District
[Federal Reserve Bank of Atlanta]
Head Office
0610 2610
0611 2611
0612 2612
0613 2613
0620 2620
0621 2621
0622 2622
0640 2640
0641 2641
0642 2642
0650 2650
0651 2651
0652 2652
0653 2653
0654 2654
0655 2655
Jacksonville Branch
0630 2630
0631 2631
0632 2632
0660 2660
0670 2670
* * * * *
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3. Appendix B is revised to read as follows:
Appendix B to Part 229--Reduction of Schedules for Certain Nonlocal
Checks
A depositary bank that is located in the following check
processing territories shall make funds deposited in an account by a
nonlocal check described below available for withdrawal not later
than the number of business days following the banking day on which
funds are deposited, as specified below.
[[Page 27953]]
------------------------------------------------------------------------
Number of
business days
following the
Federal Reserve Office banking day
funds are
deposited
------------------------------------------------------------------------
Utica:
0210, 0280.......................................... 3
Kansas City:
0865, 2865.......................................... 3
------------------------------------------------------------------------
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority, May 14, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-9558 Filed 5-17-07; 8:45 am]
BILLING CODE 6210-01-P
