Availability of Funds and Collection of Checks, 77491-77492 [E8-30085]

Download as PDF Federal Register / Vol. 73, No. 245 / Friday, December 19, 2008 / Rules and Regulations List of Subjects 4. Section 235.1 is amended by revising paragraph (f)(1)(ii) to read as follows: ■ 8 CFR Part 215 Administrative practice and procedure, Aliens, Travel restrictions. § 235.1 Scope of examination. * * * * (f) * * * (1) * * * Aliens, Immigration, Registration, (ii) The Secretary of Homeland Reporting and recordkeeping Security or his designee may require requirements. any alien seeking admission to or parole ■ Accordingly, chapter I of title 8 of the into the United States, other than aliens Code of Federal Regulations is amended exempted under paragraph (f)(1)(iv) of as follows: this section or Canadian citizens under section 101(a)(15)(B) of the Act who are PART 215—CONTROL OF ALIENS not otherwise required to present a visa DEPARTING FROM THE UNITED or be issued Form I–94 or Form I–95 for STATES admission or parole into the United States, to provide fingerprints, ■ 1. The authority citation for part 215 photograph(s) or other specified continues to read as follows: biometric identifiers, documentation of Authority: 8 U.S.C. 1104; 1184; 1185 his or her immigration status in the (pursuant to E.O. 13323, published January 2, United States, and such other evidence 2004), 1365a and note, 1379, 1731–32. as may be requested to determine the alien’s identity and whether he or she ■ 2. Section 215.8 is amended by has properly maintained his or her revising paragraph (a)(1) to read as status while in the United States. The follows: failure of an applicant for admission to comply with any requirement to provide § 215.8 Requirements for biometric biometric identifiers may result in a identifiers from aliens on departure from the United States. determination that the alien is inadmissible under section 212(a) of the (a)(1) The Secretary of Homeland Immigration and Nationality Act or any Security, or his designee, may establish other law. pilot programs at land border ports of * * * * entry, and at up to fifteen air or sea ports * of entry, designated through notice in Paul A. Schneider, the Federal Register, through which the Deputy Secretary. Secretary or his delegate may require an [FR Doc. E8–30095 Filed 12–18–08; 8:45 am] alien admitted to or paroled into the BILLING CODE 9111–97–P United States, other than aliens exempted under paragraph (a)(2) of this section or Canadian citizens under section 101(a)(15)(B) of the Act who FEDERAL RESERVE SYSTEM were not otherwise required to present 12 CFR Part 229 a visa or have been issued Form I–94 or Form I–95 upon arrival at the United [Regulation CC; Docket No. R–1344] States, who departs the United States from a designated port of entry, to Availability of Funds and Collection of provide fingerprints, photograph(s) or Checks other specified biometric identifiers, documentation of his or her AGENCY: Board of Governors of the immigration status in the United States, Federal Reserve System. and such other evidence as may be ACTION: Final rule; technical requested to determine the alien’s amendment. identity and whether he or she has properly maintained his or her status SUMMARY: The Board of Governors while in the United States. (Board) is amending the routing number guide to next-day availability checks * * * * * and local checks in Regulation CC to PART 235—INSPECTION OF PERSONS delete the reference to the head office of APPLYING FOR ADMISSION the Federal Reserve Bank of St. Louis and to reassign the Federal Reserve routing symbols currently listed under ■ 3. The authority citation for part 235 that office to the head office of the continues to read as follows: Federal Reserve Bank of Atlanta. These Authority: 8 U.S.C. 1101 and note, 1103, amendments reflect the restructuring of 1183, 1185 (pursuant to E.O. 13323 check-processing operations within the published on January 2, 2004), 1201, 1224, 1225, 1226, 1228, 1365a note, 1379, 1731–32. Federal Reserve System. 8 CFR Part 235 VerDate Aug<31>2005 14:44 Dec 18, 2008 Jkt 217001 * PO 00000 Frm 00019 Fmt 4700 Sfmt 4700 77491 DATES: The final rule will become effective on February 21, 2009. FOR FURTHER INFORMATION CONTACT: Jeffrey S. H. Yeganeh, Financial Services Manager (202/728–5801), or Joseph P. Baressi, Financial Services Project Leader (202/452–3959), Division of Reserve Bank Operations and Payment Systems; or Sophia H. Allison, Senior Counsel (202/452–3565), 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 is considered local if it is payable by or at or through a bank located in the same Federal Reserve check-processing region as the depositary bank. 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 checkprocessing region and thus are local to one another. On February 21, 2009, the Reserve Banks will transfer the check-processing operations of the head office of the Federal Reserve Bank of St. Louis to the head office of the Federal Reserve Bank of Atlanta. As a result of this change, some checks that are drawn on and deposited at banks located in the St. Louis and Atlanta 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 checks and making funds availability decisions, the Board is amending the list of routing symbols in appendix A associated with the Federal Reserve Banks of St. Louis and Atlanta to reflect the transfer of check-processing operations from the head office of the 1 For purposes of Regulation CC, the term ‘‘bank’’ refers to any depository institution, including commercial banks, savings institutions, and credit unions. E:\FR\FM\19DER1.SGM 19DER1 77492 Federal Register / Vol. 73, No. 245 / Friday, December 19, 2008 / Rules and Regulations Federal Reserve Bank of St. Louis to the head office of the Federal Reserve Bank of Atlanta. To coincide with the effective date of the underlying checkprocessing changes, the amendments to appendix A are effective February 21, 2009. 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.2 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 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 § 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 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 head office of the Federal Reserve Bank of St. Louis and reassign the routing symbols listed under that office to the head office of the Federal Reserve Bank of Atlanta. 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. 2 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 14:44 Dec 18, 2008 Jkt 217001 List of Subjects in 12 CFR Part 229 Banks, Banking, Reporting and recordkeeping requirements. Authority and Issuance By order of the Board of Governors of the Federal Reserve System, December 15, 2008. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E8–30085 Filed 12–18–08; 8:45 am] BILLING CODE 6210–01–P 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) 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. 2. The Sixth and Eighth Federal Reserve District routing symbol lists in appendix A are amended by removing the headings and listings for the Eighth Federal Reserve District and revising the listings for the Sixth Federal Reserve District to read as follows: ■ Appendix A to Part 229—Routing Number Guide to Next-Day Availability Checks and Local Checks * * 0610 0611 0612 0613 0620 0621 0622 0630 0631 0632 0640 0641 0642 0650 0651 0652 0653 0654 0655 0660 0670 0810 0812 0815 0819 0820 0829 0840 0841 0842 0843 0865 Sixth Federal Reserve District [Federal Reserve Bank of Atlanta] Head office 2610 2611 2612 2613 2620 2621 2622 2630 2631 2632 2640 2641 2642 2650 2651 2652 2653 2654 2655 2660 2670 2810 2812 2815 2819 2820 2829 2840 2841 2842 2843 2865 * * PO 00000 * * Frm 00020 * * Fmt 4700 * * Sfmt 4700 CONSUMER PRODUCT SAFETY COMMISSION 16 CFR Part 1303 Ban of Lead-Containing Paint and Certain Consumer Products Bearing Lead-Containing Paint AGENCY: Consumer Product Safety Commission. ACTION: Final rule. SUMMARY: The Consumer Product Safety Commission (CPSC or Commission) is amending its regulations concerning the ban of lead-containing paint and certain consumer products bearing leadcontaining paint. DATES: This rule is effective on August 14, 2009. FOR FURTHER INFORMATION CONTACT: Hyun Sun Kim, Office of the General Counsel, Consumer Product Safety Commission, 4330 East West Highway, Bethesda, Maryland 20814, email: hkim@cpsc.gov. The Commission’s regulations at 16 CFR 1303.1 currently define as ‘‘banned hazardous products’’ certain consumer products, including paint and similar surface-coating materials, toys and other articles intended for use by children, and certain furniture articles that are or bear lead-containing paint, that is paint in which the lead content is in excess of 0.06 percent of the weight of the total nonvolatile content of the paint or the weight of the dried paint film. On August 14, 2008, Congress enacted the Consumer Product Safety Improvement Act of 2008 (CPSIA), Public Law 110– 314. Section 101(f)(1) of CPSIA mandates that 0.06 percent lead limit of 16 CFR 1303.1 be reduced to 0.009 percent, effective August 14, 2009. Accordingly, the Commission amends 16 CFR 1303.1(a) by substituting ‘‘0.009 percent’’ for ‘‘0.06 percent,’’ to become effective on that date. In addition, section 101(g) provides that any ban or rule promulgated under 16 CFR 1303.1 shall be considered a regulation promulgated under or for the enforcement of section 2(q) of the Federal Hazardous Substances Act (15 U.S.C. 1261(q)). Section 1303.1 is amended accordingly. SUPPLEMENTARY INFORMATION: E:\FR\FM\19DER1.SGM 19DER1

Agencies

[Federal Register Volume 73, Number 245 (Friday, December 19, 2008)]
[Rules and Regulations]
[Pages 77491-77492]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E8-30085]


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FEDERAL RESERVE SYSTEM

12 CFR Part 229

[Regulation CC; Docket No. R-1344]


Availability of Funds and Collection of Checks

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Final rule; technical amendment.

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SUMMARY: The Board of Governors (Board) is amending the routing number 
guide to next-day availability checks and local checks in Regulation CC 
to delete the reference to the head office of the Federal Reserve Bank 
of St. Louis and to reassign the Federal Reserve routing symbols 
currently listed under that office to the head office of the Federal 
Reserve Bank of Atlanta. These amendments reflect the restructuring of 
check-processing operations within the Federal Reserve System.

DATES: The final rule will become effective on February 21, 2009.

FOR FURTHER INFORMATION CONTACT: Jeffrey S. H. Yeganeh, Financial 
Services Manager (202/728-5801), or Joseph P. Baressi, Financial 
Services Project Leader (202/452-3959), Division of Reserve Bank 
Operations and Payment Systems; or Sophia H. Allison, Senior Counsel 
(202/452-3565), 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 is considered 
local if it is payable by or at or through a bank located in the same 
Federal Reserve check-processing region as the depositary bank.
---------------------------------------------------------------------------

    \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.
    On February 21, 2009, the Reserve Banks will transfer the check-
processing operations of the head office of the Federal Reserve Bank of 
St. Louis to the head office of the Federal Reserve Bank of Atlanta. As 
a result of this change, some checks that are drawn on and deposited at 
banks located in the St. Louis and Atlanta 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 checks and making funds availability decisions, the Board is 
amending the list of routing symbols in appendix A associated with the 
Federal Reserve Banks of St. Louis and Atlanta to reflect the transfer 
of check-processing operations from the head office of the

[[Page 77492]]

Federal Reserve Bank of St. Louis to the head office of the Federal 
Reserve Bank of Atlanta. To coincide with the effective date of the 
underlying check-processing changes, the amendments to appendix A are 
effective February 21, 2009. 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.\2\
---------------------------------------------------------------------------

    \2\ 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 the final rule. The revisions to appendix A 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. 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 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 head office of the Federal Reserve Bank of 
St. Louis and reassign the routing symbols listed under that office to 
the head office of the Federal Reserve Bank of Atlanta. 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.


0
2. The Sixth and Eighth Federal Reserve District routing symbol lists 
in appendix A are amended by removing the headings and listings for the 
Eighth Federal Reserve District and revising the listings for the Sixth 
Federal Reserve District 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
0630                                 2630
0631                                 2631
0632                                 2632
0640                                 2640
0641                                 2641
0642                                 2642
0650                                 2650
0651                                 2651
0652                                 2652
0653                                 2653
0654                                 2654
0655                                 2655
0660                                 2660
0670                                 2670
0810                                 2810
0812                                 2812
0815                                 2815
0819                                 2819
0820                                 2820
0829                                 2829
0840                                 2840
0841                                 2841
0842                                 2842
0843                                 2843
0865                                 2865
 

* * * * *

    By order of the Board of Governors of the Federal Reserve 
System, December 15, 2008.
Jennifer J. Johnson,
Secretary of the Board.
 [FR Doc. E8-30085 Filed 12-18-08; 8:45 am]
BILLING CODE 6210-01-P