Availability of Funds and Collection of Checks, 46143-46144 [E7-16184]

Download as PDF Federal Register / Vol. 72, No. 159 / Friday, August 17, 2007 / Rules and Regulations I Accordingly, part 103 of chapter I of title 8 of the Code of Federal Regulations is amended as follows: PART 103—POWERS AND DUTIES; AVAILABILITY OF RECORDS 1. The authority citation for part 103 continues to read as follows: I Authority: 5 U.S.C. 301, 552, 552(a); 8 U.S.C. 1101, 1103, 1304, 1356; 31 U.S.C. 9701; Public Law 107–296, 116 Stat. 2135 (6 U.S.C. 1 et seq.); E.O. 12356, 47 FR 14874, 15557; 3 CFR, 1982 Comp., p.166; 8 CFR part 2. 2. Section 103.7 is amended by revising the entries for ‘‘For capturing biometric information’’ and the entries for ‘‘Form I–131’’, ‘‘Form I–485’’, and ‘‘Form I–765’’ in paragraph (b)(1), to read as follows: I § 103.7 Fees. parent; no fee for an applicant filing as a refugee under section 209(a) of the Act; provided that no additional fee will be charged for a request for travel document (advance parole) or employment authorization filed by an applicant who has paid the Form I–485 application fee, regardless of whether the Form I–131 or Form I–765 is required to be filed by such applicant to receive these benefits. * * * * * Form I–765. For filing an application for employment authorization pursuant to 8 CFR 274a.13—$340. * * * * * Dated: July 27, 2007. Michael Chertoff, Secretary. [FR Doc. E7–14973 Filed 8–16–07; 8:45 am] BILLING CODE 4410–10–P ebenthall on PRODPC61 with RULES * * * * * (b) * * * (1) * * * * * * * * For capturing biometric information (Biometric Fee). A service fee of $80 will be charged for any individual who is required to have biometric information captured in connection with an application or petition for certain immigration and naturalization benefits (other than asylum), and whose residence is in the United States; provided that: Extension for intercountry adoptions: If applicable, no biometric service fee is charged when a written request for an extension of the approval period is received by USCIS prior to the expiration date of approval indicated on the Form I–171H if a Form I–600 has not yet been submitted in connection with an approved Form I– 600A. This extension without fee is limited to one occasion. If the approval extension expires prior to submission of an associated Form I–600, then a complete application and fee must be submitted for a subsequent application. * * * * * Form I–131. For filing an application for travel document—$305. * * * * * Form I–485. For filing an application for permanent resident status or creation of a record of lawful permanent residence—$930 for an applicant fourteen years of age or older; $600 for an applicant under the age of fourteen years when submitted concurrently for adjudication with the Form I–485 of a parent and the applicant is seeking to adjust status as a derivative of the parent, based on a relationship to the same individual who provides the basis for the parent’s adjustment of status, or under the same legal authority as the VerDate Aug<31>2005 15:35 Aug 16, 2007 Jkt 211001 FEDERAL RESERVE SYSTEM 12 CFR Part 229 [Regulation CC; Docket No. R–1293] 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 Helena branch office of the Federal Reserve Bank of Minneapolis and reassign the Federal Reserve routing symbols currently listed under that office to the Denver branch office of the Federal Reserve Bank of Kansas City. 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 20, 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 Kara L. Handzlik, Attorney (202/452– 3852), 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 PO 00000 Frm 00005 Fmt 4700 Sfmt 4700 46143 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. As explained in the Board’s final rule published in the Federal Register on May 18, 2007, the Federal Reserve Banks have decided to restructure their check processing services by reducing further the number of locations at which they process checks.2 The Board issues separate final rules amending appendix A for each phase of the restructuring, and the amendments set forth in this notice are such final rules.3 As part of the restructuring process, the Helena branch office of the Federal Reserve Bank of Minneapolis will cease processing checks on October 20, 2007.4 As of that date, banks with routing symbols currently assigned to the Helena branch office for check processing purposes will be reassigned to the Denver branch office of the Federal Reserve Bank of Kansas City. As 1 For purposes of Regulation CC, the term ‘‘bank’’ refers to any depository institution, including commercial banks, savings institutions, and credit unions. 2 See 72 FR 27951, May 18, 2007. 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 strive 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 http:// www.frbservices.org. 4 The Reserve Banks intend, however, for the Helena branch to continue serving as a site at which substitute checks are printed for delivery to paying banks. E:\FR\FM\17AUR1.SGM 17AUR1 46144 Federal Register / Vol. 72, No. 159 / Friday, August 17, 2007 / Rules and Regulations a result of this change, 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. Because the Denver check processing region serves banks located in multiple Federal Reserve districts, banks located in the expanded Denver check processing region cannot determine that a check is nonlocal solely because the paying bank for that check is located in another Federal Reserve District. To assist banks in identifying local and nonlocal checks, the Board accordingly is amending the lists of routing symbols associated with the Federal Reserve Banks of Minneapolis and Kansas City to conform to the transfer of operations from the Minneapolis Reserve Bank’s Helena branch office to the Kansas City Reserve Bank’s Denver branch office. To coincide with the effective date of the underlying check processing changes, the amendments are effective October 20, 2007. 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.5 The Federal Reserve routing symbols assigned to all other Federal Reserve branches and offices will remain the same at this time. ebenthall on PRODPC61 with RULES 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. In addition, the underlying consolidation of Federal Reserve Bank check processing offices involves a matter relating to agency management, which is exempt from notice and comment procedures. Paperwork Reduction Act In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 3506; 5 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. VerDate Aug<31>2005 15:35 Aug 16, 2007 Jkt 211001 5 CFR part 1320 Appendix A.1), the Board has reviewed the final rule under authority delegated to the Board by the Office of Management and Budget. This technical amendment to appendix A of Regulation CC will delete the reference to the Helena branch office of the Federal Reserve Bank of Minneapolis and reassign the routing symbols listed under that office to the Denver branch office of the Federal Reserve Bank of Kansas City. 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. List of Subjects in 12 CFR Part 229 Banks, Banking, Reporting and recordkeeping requirements. 1011 1012 1019 3011 3012 3019 Denver Branch 0920 2920 0921 2921 0929 2929 1020 3020 1021 3021 1022 3022 1023 3023 1070 3070 1240 3240 1241 3241 1242 3242 1243 3243 * * * * * By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, August 13, 2007. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E7–16184 Filed 8–16–07; 8:45 am] BILLING CODE 6210–01–P Authority and Issuance DEPARTMENT OF DEFENSE For the reasons set forth in the preamble, the Board is amending 12 CFR part 229 to read as follows: Office of the Secretary PART 229—AVAILABILITY OF FUNDS AND COLLECTION OF CHECKS (REGULATION CC) [DOD–2007–HA–0048] I 1. The authority citation for part 229 continues to read as follows: TRICARE; Outpatient Hospital Prospective Payment System (OPPS) Authority: 12 U.S.C. 4001–4010, 12 U.S.C. 5001–5018. AGENCY: I 2. The Ninth and Tenth District routing symbol lists in appendix A are revised to read as follows: I APPENDIX A TO PART 229— ROUTING NUMBER GUIDE TO NEXTDAY AVAILABILITY CHECKS AND LOCAL CHECKS * * * * * NINTH FEDERAL RESERVE DISTRICT [Federal Reserve Bank of Minneapolis] Head Office 0910 0911 0912 0913 0914 0915 0918 0919 0960 2910 2911 2912 2913 2914 2915 2918 2919 2960 Head Office 1010 3010 Frm 00006 Fmt 4700 RIN 0720–AB16 ACTION: Office of the Secretary, DoD. Interim final rule; withdrawal. SUMMARY: On August 14, 2007, the Department of Defense published an interim final rule on TRICARE; Outpatient Hospital Prospective Payment System (OPPS) in error at 72 FR 45359. The rule has not been approved for publication and cannot take effect. This document withdraws that rule. DATES: Effective Date: The interim final rule amending 32 CFR Part 199, published on August 14, 2007 (72 FR 45359) is withdrawn effective August 17, 2007. FOR FURTHER INFORMATION CONTACT: L.M. Bynum 703–696–4970. SUPPLEMENTARY INFORMATION: List of Subjects in 32 CFR Part 199 TENTH FEDERAL RESERVE DISTRICT [Federal Reserve Bank of Kansas City] PO 00000 32 CFR Part 199 Sfmt 4700 Claims, Dental health, Health care, Health insurance, Individuals with disabilities, Military personnel. I The interim rule published on August 14, 2007 amending 32 CFR part 199 is hereby withdrawn. E:\FR\FM\17AUR1.SGM 17AUR1

Agencies

[Federal Register Volume 72, Number 159 (Friday, August 17, 2007)]
[Rules and Regulations]
[Pages 46143-46144]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-16184]


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FEDERAL RESERVE SYSTEM

12 CFR Part 229

[Regulation CC; Docket No. R-1293]


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 Helena branch office of the Federal 
Reserve Bank of Minneapolis and reassign the Federal Reserve routing 
symbols currently listed under that office to the Denver branch office 
of the Federal Reserve Bank of Kansas City. 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 20, 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 Kara L. Handzlik, Attorney (202/452-3852), 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 the Board's final rule published in the Federal 
Register on May 18, 2007, the Federal Reserve Banks have decided to 
restructure their check processing services by reducing further the 
number of locations at which they process checks.\2\ The Board issues 
separate final rules amending appendix A for each phase of the 
restructuring, and the amendments set forth in this notice are such 
final rules.\3\
---------------------------------------------------------------------------

    \2\ See 72 FR 27951, May 18, 2007.
    \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 strive 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 http://www.frbservices.org.
---------------------------------------------------------------------------

    As part of the restructuring process, the Helena branch office of 
the Federal Reserve Bank of Minneapolis will cease processing checks on 
October 20, 2007.\4\ As of that date, banks with routing symbols 
currently assigned to the Helena branch office for check processing 
purposes will be reassigned to the Denver branch office of the Federal 
Reserve Bank of Kansas City. As

[[Page 46144]]

a result of this change, 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. Because the Denver check processing 
region serves banks located in multiple Federal Reserve districts, 
banks located in the expanded Denver check processing region cannot 
determine that a check is nonlocal solely because the paying bank for 
that check is located in another Federal Reserve District.
---------------------------------------------------------------------------

    \4\ The Reserve Banks intend, however, for the Helena branch to 
continue serving as a site at which substitute checks are printed 
for delivery to paying banks.
---------------------------------------------------------------------------

    To assist banks in identifying local and nonlocal checks, the Board 
accordingly is amending the lists of routing symbols associated with 
the Federal Reserve Banks of Minneapolis and Kansas City to conform to 
the transfer of operations from the Minneapolis Reserve Bank's Helena 
branch office to the Kansas City Reserve Bank's Denver branch office. 
To coincide with the effective date of the underlying check processing 
changes, the amendments are effective October 20, 2007. 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.\5\ The Federal Reserve routing symbols 
assigned to all other Federal Reserve branches and offices will remain 
the same at this time.
---------------------------------------------------------------------------

    \5\ 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. In addition, the underlying 
consolidation of Federal Reserve Bank check processing offices involves 
a matter relating to agency management, which is exempt from notice and 
comment procedures.

Paperwork Reduction Act

    In accordance with the Paperwork Reduction Act of 1995 (44 U.S.C. 
3506; 5 CFR part 1320 Appendix A.1), the Board has reviewed the final 
rule under authority delegated to the Board by the Office of Management 
and Budget. This technical amendment to appendix A of Regulation CC 
will delete the reference to the Helena branch office of the Federal 
Reserve Bank of Minneapolis and reassign the routing symbols listed 
under that office to the Denver branch office of the Federal Reserve 
Bank of Kansas City. 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.

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 Ninth and Tenth 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

* * * * *

NINTH FEDERAL RESERVE DISTRICT

[Federal Reserve Bank of Minneapolis]

Head Office

    0910 2910
    0911 2911
    0912 2912
    0913 2913
    0914 2914
    0915 2915
    0918 2918
    0919 2919
    0960 2960

TENTH FEDERAL RESERVE DISTRICT

[Federal Reserve Bank of Kansas City]

Head Office

    1010 3010
    1011 3011
    1012 3012
    1019 3019

Denver Branch

    0920 2920
    0921 2921
    0929 2929
    1020 3020
    1021 3021
    1022 3022
    1023 3023
    1070 3070
    1240 3240
    1241 3241
    1242 3242
    1243 3243
* * * * *


    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, August 13, 2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-16184 Filed 8-16-07; 8:45 am]
BILLING CODE 6210-01-P