Availability of Funds and Collection of Checks, 21245-21246 [E9-10507]
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21245
Rules and Regulations
Federal Register
Vol. 74, No. 87
Thursday, May 7, 2009
This section of the FEDERAL REGISTER
contains regulatory documents having general
applicability and legal effect, most of which
are keyed to and codified in the Code of
Federal Regulations, which is published under
50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by
the Superintendent of Documents. Prices of
new books are listed in the first FEDERAL
REGISTER issue of each week.
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R–1355]
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
(Board) is amending the routing number
guide to next-day availability checks
and local checks in Regulation CC to
delete the reference to the Seattle
branch office of the Federal Reserve
Bank of San Francisco and to reassign
the Federal Reserve routing symbols
currently listed under that office to the
Los Angeles branch office of the Federal
Reserve Bank of San Francisco. The
Board is also amending the routing
number guide to delete the reference to
the Denver branch office of the Federal
Reserve Bank of Kansas City and to
reassign the routing symbols currently
listed under that office to the Los
Angeles branch office of the Federal
Reserve Bank of San Francisco and to
the head office of the Federal Reserve
Bank of Dallas. These amendments
reflect the restructuring of checkprocessing operations within the
Federal Reserve System.
DATES: The effective date for
amendatory instruction 2, amending 12
CFR Part 229 Appendix A is June 20,
2009, and the effective date for
amendatory instruction 3, further
amending 12 CFR Part 229 Appendix A
is June 27, 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 Dena L. Milligan, Attorney
VerDate Nov<24>2008
16:03 May 06, 2009
Jkt 217001
(202/452–3900), 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 June 20, 2009, the Reserve Banks
will transfer the check-processing
operations of the Seattle branch office of
the Federal Reserve Bank of San
Francisco to the Los Angeles branch
office of the Federal Reserve Bank of
San Francisco. On June 27, 2009, the
Reserve Banks will transfer the checkprocessing operations of the Denver
branch office of the Federal Reserve
Bank of Kansas City to the Los Angeles
branch office of the Federal Reserve
Bank of San Francisco and to the head
office of the Federal Reserve Bank of
Dallas. 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 checks
and making funds availability decisions,
the Board is amending the list of routing
symbols in appendix A associated with
the Federal Reserve Bank of San
Francisco to reflect the transfer of
check-processing operations from the
Seattle branch office to the Los Angeles
branch office. The Board is also
amending the lists of routing symbols in
appendix A associated with the Federal
Reserve Banks of Kansas City, Dallas,
and San Francisco to reflect the transfer
of check-processing operations from the
Denver branch office to the Los Angeles
branch office and the Dallas head office.
Specifically, the Denver branch office
routing symbols formerly associated
with the Salt Lake City branch office
(1240, 1241, 1242, 1243, 3240, 3241,
3242, 3243) will be listed under the Los
Angeles branch office, and the
remainder of the Denver branch office
routing symbols, including the routing
symbols formerly associated with the
Helena branch office (0920, 0921, 0929,
2920, 2921, 2929, 1020, 1021, 1022,
1023, 1070, 3020, 3021, 3022, 3023,
3070), will be listed under the Dallas
head office. To coincide with the
effective date of the underlying checkprocessing changes, the amendments to
appendix A regarding the transfer of
check-processing operations from
Seattle to Los Angeles are effective June
20, 2009. The amendments to the
appendix regarding the transfer of
check-processing operations from
Denver to Los Angeles and Dallas are
effective June 27, 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
1 For purposes of Regulation CC, the term ‘‘bank’’
refers to any depository institution, including
commercial banks, savings institutions, and credit
unions.
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.
PO 00000
Frm 00001
Fmt 4700
Sfmt 4700
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
E:\FR\FM\07MYR1.SGM
07MYR1
21246
Federal Register / Vol. 74, No. 87 / Thursday, May 7, 2009 / Rules and Regulations
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 amendments to appendix A of
Regulation CC will (i) delete the
reference to the Seattle branch office of
the Federal Reserve Bank of San
Francisco and reassign the routing
symbols listed under that office to the
Los Angeles branch office of the Federal
Reserve Bank of San Francisco, and (ii)
delete the reference to the Denver
branch office of the Federal Reserve
Bank of Kansas City and reassign the
routing symbols listed under that office
to the Los Angeles branch office of the
Federal Reserve Bank of San Francisco
and to the head office of the Federal
Reserve Bank of Dallas. 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.
Appendix A to Part 229—Routing
Number Guide to Next-Day Availability
Checks and Local Checks
*
*
*
*
*
BILLING CODE 6210–01–P
*
*
*
*
3. Effective June 27, 2009, the Tenth,
Eleventh, and Twelfth District routing
symbol lists in appendix A are amended
by removing the headings and listings
for the Tenth Federal Reserve District
and revising the listings for the Eleventh
and Twelfth Federal Reserve Districts to
read as follows:
*
*
*
*
*
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
Eleventh Federal Reserve District
[Docket No. FAA–2008–1214; Directorate
Identifier 2007–NM–259–AD; Amendment
39–15897; AD 2009–10–02]
[Federal Reserve Bank of Dallas]
RIN 2120–AA64
Head Office
0920
0921
0929
1010
1011
1012
1019
1020
1021
1022
1023
1030
1031
1039
1070
1110
1111
1113
1119
1120
1122
1123
1130
1131
1140
1149
1163
PART 229—AVAILABILITY OF FUNDS
AND COLLECTION OF CHECKS
(REGULATION CC)
1. The authority citation for part 229
continues to read as follows:
■
Jkt 217001
*
■
For the reasons set forth in the
preamble, the Board is amending 12
CFR part 229 to read as follows:
16:03 May 06, 2009
3210
3211
3212
3213
3220
3221
3222
3223
3224
3230
3231
3232
3233
3250
3251
3252
*
■
VerDate Nov<24>2008
*
3211
3212
3213
3220
3221
3222
3223
3224
3230
3231
3232
3233
3240
3241
3242
3243
3250
3251
3252
By order of the Board of Governors of the
Federal Reserve System, May 1, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–10507 Filed 5–6–09; 8:45 am]
Authority and Issuance
2. Effective June 20, 2009, the Twelfth
District routing symbol list in appendix
A is revised to read as follows:
*
Los Angeles Branch
1210
1211
1212
1213
1220
1221
1222
1223
1224
1230
1231
1232
1233
1250
1251
1252
Banks, Banking, Reporting and
recordkeeping requirements.
■
*
Twelfth Federal Reserve District
[Federal Reserve Bank of San Francisco]
List of Subjects in 12 CFR Part 229
Authority: 12 U.S.C. 4001–4010, 12 U.S.C.
5001–5018.
*
1211
1212
1213
1220
1221
1222
1223
1224
1230
1231
1232
1233
1240
1241
1242
1243
1250
1251
1252
2920
2921
2929
3010
3011
3012
3019
3020
3021
3022
3023
3030
3031
3039
3070
3110
3111
3113
3119
3120
3122
3123
3130
3131
3140
3149
3163
Twelfth Federal Reserve District
[Federal Reserve Bank of San Francisco]
Los Angeles Branch
PO 00000
1210
Frm 00002
3210
Fmt 4700
Sfmt 4700
Airworthiness Directives; BAE
Systems (Operations) Limited
(Jetstream) Model 4101 Airplanes
AGENCY: Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Final rule.
SUMMARY: The FAA is superseding an
existing airworthiness directive (AD),
which applies to all BAE Systems
(Operations) Limited (Jetstream) Model
4101 airplanes. That AD currently
requires operators to determine the
number of flight cycles accumulated on
each component of the main landing
gear (MLG) and the nose landing gear
(NLG), and to replace each component
that reaches its life limit with a
serviceable component. The existing AD
also requires operators to revise the
Airworthiness Limitations (AWL)
section of the Instructions for Continued
Airworthiness (ICA) in the aircraft
maintenance manual to reflect the new
life limits for structurally significant
items. This new AD requires a new
revision of the AWL section of the ICA
to incorporate revised life limits for
structurally significant items,
E:\FR\FM\07MYR1.SGM
07MYR1
]]>Agencies
[Federal Register Volume 74, Number 87 (Thursday, May 7, 2009)]
[Rules and Regulations]
[Pages 21245-21246]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-10507]
========================================================================
Rules and Regulations
Federal Register
________________________________________________________________________
This section of the FEDERAL REGISTER contains regulatory documents
having general applicability and legal effect, most of which are keyed
to and codified in the Code of Federal Regulations, which is published
under 50 titles pursuant to 44 U.S.C. 1510.
The Code of Federal Regulations is sold by the Superintendent of Documents.
Prices of new books are listed in the first FEDERAL REGISTER issue of each
week.
========================================================================
Federal Register / Vol. 74, No. 87 / Thursday, May 7, 2009 / Rules
and Regulations
[[Page 21245]]
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R-1355]
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 (Board) is amending the routing number
guide to next-day availability checks and local checks in Regulation CC
to delete the reference to the Seattle branch office of the Federal
Reserve Bank of San Francisco and to reassign the Federal Reserve
routing symbols currently listed under that office to the Los Angeles
branch office of the Federal Reserve Bank of San Francisco. The Board
is also amending the routing number guide to delete the reference to
the Denver branch office of the Federal Reserve Bank of Kansas City and
to reassign the routing symbols currently listed under that office to
the Los Angeles branch office of the Federal Reserve Bank of San
Francisco and to the head office of the Federal Reserve Bank of Dallas.
These amendments reflect the restructuring of check-processing
operations within the Federal Reserve System.
DATES: The effective date for amendatory instruction 2, amending 12 CFR
Part 229 Appendix A is June 20, 2009, and the effective date for
amendatory instruction 3, further amending 12 CFR Part 229 Appendix A
is June 27, 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 Dena L. Milligan, Attorney (202/452-
3900), 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 June 20, 2009, the Reserve Banks will transfer the check-
processing operations of the Seattle branch office of the Federal
Reserve Bank of San Francisco to the Los Angeles branch office of the
Federal Reserve Bank of San Francisco. On June 27, 2009, the Reserve
Banks will transfer the check-processing operations of the Denver
branch office of the Federal Reserve Bank of Kansas City to the Los
Angeles branch office of the Federal Reserve Bank of San Francisco and
to the head office of the Federal Reserve Bank of Dallas. 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 checks and
making funds availability decisions, the Board is amending the list of
routing symbols in appendix A associated with the Federal Reserve Bank
of San Francisco to reflect the transfer of check-processing operations
from the Seattle branch office to the Los Angeles branch office. The
Board is also amending the lists of routing symbols in appendix A
associated with the Federal Reserve Banks of Kansas City, Dallas, and
San Francisco to reflect the transfer of check-processing operations
from the Denver branch office to the Los Angeles branch office and the
Dallas head office. Specifically, the Denver branch office routing
symbols formerly associated with the Salt Lake City branch office
(1240, 1241, 1242, 1243, 3240, 3241, 3242, 3243) will be listed under
the Los Angeles branch office, and the remainder of the Denver branch
office routing symbols, including the routing symbols formerly
associated with the Helena branch office (0920, 0921, 0929, 2920, 2921,
2929, 1020, 1021, 1022, 1023, 1070, 3020, 3021, 3022, 3023, 3070), will
be listed under the Dallas head office. To coincide with the effective
date of the underlying check-processing changes, the amendments to
appendix A regarding the transfer of check-processing operations from
Seattle to Los Angeles are effective June 20, 2009. The amendments to
the appendix regarding the transfer of check-processing operations from
Denver to Los Angeles and Dallas are effective June 27, 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
[[Page 21246]]
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 amendments to appendix A of Regulation CC will
(i) delete the reference to the Seattle branch office of the Federal
Reserve Bank of San Francisco and reassign the routing symbols listed
under that office to the Los Angeles branch office of the Federal
Reserve Bank of San Francisco, and (ii) delete the reference to the
Denver branch office of the Federal Reserve Bank of Kansas City and
reassign the routing symbols listed under that office to the Los
Angeles branch office of the Federal Reserve Bank of San Francisco and
to the head office of the Federal Reserve Bank of Dallas. 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. Effective June 20, 2009, the Twelfth District routing symbol list in
appendix A is revised to read as follows:
Appendix A to Part 229--Routing Number Guide to Next-Day Availability
Checks and Local Checks
* * * * *
Twelfth Federal Reserve District
[Federal Reserve Bank of San Francisco]
Los Angeles Branch
1210 3210
1211 3211
1212 3212
1213 3213
1220 3220
1221 3221
1222 3222
1223 3223
1224 3224
1230 3230
1231 3231
1232 3232
1233 3233
1250 3250
1251 3251
1252 3252
* * * * *
0
3. Effective June 27, 2009, the Tenth, Eleventh, and Twelfth District
routing symbol lists in appendix A are amended by removing the headings
and listings for the Tenth Federal Reserve District and revising the
listings for the Eleventh and Twelfth Federal Reserve Districts to read
as follows:
* * * * *
Eleventh Federal Reserve District
[Federal Reserve Bank of Dallas]
Head Office
0920 2920
0921 2921
0929 2929
1010 3010
1011 3011
1012 3012
1019 3019
1020 3020
1021 3021
1022 3022
1023 3023
1030 3030
1031 3031
1039 3039
1070 3070
1110 3110
1111 3111
1113 3113
1119 3119
1120 3120
1122 3122
1123 3123
1130 3130
1131 3131
1140 3140
1149 3149
1163 3163
Twelfth Federal Reserve District
[Federal Reserve Bank of San Francisco]
Los Angeles Branch
1210 3210
1211 3211
1212 3212
1213 3213
1220 3220
1221 3221
1222 3222
1223 3223
1224 3224
1230 3230
1231 3231
1232 3232
1233 3233
1240 3240
1241 3241
1242 3242
1243 3243
1250 3250
1251 3251
1252 3252
* * * * *
By order of the Board of Governors of the Federal Reserve
System, May 1, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-10507 Filed 5-6-09; 8:45 am]
BILLING CODE 6210-01-P
