Availability of Funds and Collection of Checks, 35113-35114 [E9-17103]
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35113
Rules and Regulations
Federal Register
Vol. 74, No. 137
Monday, July 20, 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.
DEPARTMENT OF AGRICULTURE
Federal Crop Insurance Corporation
7 CFR Part 457
RIN 0563–AC09
Common Crop Insurance Regulations;
Grape Crop Insurance Provisions and
Table Grape Crop Insurance
Provisions; Correction
erowe on DSK5CLS3C1PROD with RULES
Jkt 217001
BILLING CODE 3410–08–P
12 CFR Part 229
[Regulation CC; Docket No. R–1363]
SUMMARY: On July 7, 2009, the Federal
Crop Insurance Corporation (FCIC)
published amendments to the Common
Crop Insurance Regulations, Grape Crop
Insurance Provisions and Table Grape
Crop Insurance Provisions. Due to an
editing error, a definition was
constructed with incorrect paragraph
designations. This document corrects
that error.
DATES: Effective Date: This correction is
effective August 6, 2009.
FOR FURTHER INFORMATION CONTACT:
Elizabeth Lopez, Risk Management
Specialist, Product Management,
Product Administration and Standards
Division, Risk Management Agency,
United States Department of
Agriculture, Beacon Facility, Stop 0812,
Room 421, P.O. Box 419205, Kansas
City, MO 64141–6205, telephone (816)
926–7730.
SUPPLEMENTARY INFORMATION: In FR Rule
Document No. 2009–15498, published
July 7, 2009 (74 FR 32049), make the
following correction:
■ On page 32057, in the center column,
revise the definition of USDA grade
standard to read as follows:
USDA grade standard. (1) United
States standard used to determine the
minimum quality grade will be:
15:17 Jul 17, 2009
Signed in Washington, DC, on July 14,
2009.
William J. Murphy,
Manager, Federal Crop Insurance
Corporation.
[FR Doc. E9–17183 Filed 7–17–09; 8:45 am]
FEDERAL RESERVE SYSTEM
Federal Crop Insurance
Corporation, USDA.
ACTION: Final rule; correction.
AGENCY:
VerDate Nov<24>2008
(i) The United States Standards for
Grades of Table Grapes (European or
Vinifera Type);
(ii) The United States Standards for
Grades of American (Eastern Type
Bunch Grapes); and
(iii) The United States Standards for
Grades of Muscadine (Vitis rotundifolia)
Grapes.
(2) The quantity and number of
samples required will be determined in
accordance with procedure issued by
FCIC or as provided on the Special
Provisions of Insurance.
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 head office of
the Federal Reserve Bank of Chicago
and to reassign the Federal Reserve
routing symbols currently listed under
that office to the head office of the
Federal Reserve Bank of Cleveland.
These amendments reflect the
restructuring of check-processing
operations within the Federal Reserve
System.
DATES: The final rule will become
effective on September 12, 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
PO 00000
Frm 00001
Fmt 4700
Sfmt 4700
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 September 12, 2009, the Reserve
Banks will transfer the check-processing
operations of the head office of the
Federal Reserve Bank of Chicago to the
head office of the Federal Reserve Bank
of Cleveland. As a result of this change,
some checks that are drawn on and
deposited at banks located in the
Chicago and Cleveland checkprocessing 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 lists of routing symbols
in appendix A associated with the
Federal Reserve Banks of Chicago and
Cleveland to reflect the transfer of
check-processing operations from the
head office of the Federal Reserve Bank
of Chicago to the head office of the
Federal Reserve Bank of Cleveland. To
coincide with the effective date of the
underlying check-processing changes,
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\20JYR1.SGM
20JYR1
35114
Federal Register / Vol. 74, No. 137 / Monday, July 20, 2009 / Rules and Regulations
the amendments to appendix A are
effective September 12, 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
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 amendments to appendix A of
Regulation CC will delete the reference
to the head office of the Federal Reserve
Bank of Chicago and reassign the
routing symbols listed under that office
to the head office of the Federal Reserve
Bank of Cleveland. 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
erowe on DSK5CLS3C1PROD with RULES
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.
15:17 Jul 17, 2009
Jkt 217001
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0720
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0739
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0749
0750
0759
0813
0830
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0863
0910
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1040
1041
1049
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:
■
Administrative Procedure Act
VerDate Nov<24>2008
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.
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 Fourth and Seventh District
routing symbol lists in appendix A are
amended by removing the headings and
listings for the Seventh Federal Reserve
District and revising the listings for the
Fourth Federal Reserve District to read
as follows:
■
Appendix A to Part 229—Routing
Number Guide to Next-Day Availability
Checks and Local Checks
*
*
*
*
*
Fourth Federal Reserve District
[Federal Reserve Bank of Cleveland]
Frm 00002
*
*
*
*
By order of the Board of Governors of the
Federal Reserve System, acting through the
Secretary of the Board under delegated
authority, July 14, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–17103 Filed 7–17–09; 8:45 am]
BILLING CODE 6210–01–P
NUCLEAR REGULATORY
COMMISSION
10 CFR Part 171
Head Office
0220
0223
0410
0412
0420
0421
0422
0423
0430
0432
0433
0434
0440
0441
0442
0515
0519
0710
0711
0712
PO 00000
*
2719
2720
2724
2730
2739
2740
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2750
2759
2813
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3049
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2412
2420
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2430
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2433
2434
2440
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2442
2515
2519
2710
2711
2712
Fmt 4700
Sfmt 4700
[NRC–2008–0620]
RIN 3150–AI52
Revision of Fee Schedules; Fee
Recovery for FY 2009
Correction
In rule document E9–13425 beginning
on page 27642 in the issue of
Wednesday, June 10, 2009, make the
following correction:
§171.16
[Corrected]
On page 27666, in §171.16(d), the
table titled Schedule of Materials
Annual Fees and Fees for Government
Agencies Licensed by NRC is corrected
in part to read as follows:
E:\FR\FM\20JYR1.SGM
20JYR1
]]>Agencies
[Federal Register Volume 74, Number 137 (Monday, July 20, 2009)]
[Rules and Regulations]
[Pages 35113-35114]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-17103]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R-1363]
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 head office of the Federal Reserve Bank
of Chicago and to reassign the Federal Reserve routing symbols
currently listed under that office to the head office of the Federal
Reserve Bank of Cleveland. These amendments reflect the restructuring
of check-processing operations within the Federal Reserve System.
DATES: The final rule will become effective on September 12, 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 September 12, 2009, the Reserve Banks will transfer the check-
processing operations of the head office of the Federal Reserve Bank of
Chicago to the head office of the Federal Reserve Bank of Cleveland. As
a result of this change, some checks that are drawn on and deposited at
banks located in the Chicago and Cleveland 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 lists of routing symbols in appendix A associated with the
Federal Reserve Banks of Chicago and Cleveland to reflect the transfer
of check-processing operations from the head office of the Federal
Reserve Bank of Chicago to the head office of the Federal Reserve Bank
of Cleveland. To coincide with the effective date of the underlying
check-processing changes,
[[Page 35114]]
the amendments to appendix A are effective September 12, 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 amendments to appendix A of Regulation CC will
delete the reference to the head office of the Federal Reserve Bank of
Chicago and reassign the routing symbols listed under that office to
the head office of the Federal Reserve Bank of Cleveland. 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 Fourth and Seventh District routing symbol lists in appendix A
are amended by removing the headings and listings for the Seventh
Federal Reserve District and revising the listings for the Fourth
Federal Reserve District to read as follows:
Appendix A to Part 229--Routing Number Guide to Next-Day Availability
Checks and Local Checks
* * * * *
Fourth Federal Reserve District
[Federal Reserve Bank of Cleveland]
Head Office
0220 2220
0223 2223
0410 2410
0412 2412
0420 2420
0421 2421
0422 2422
0423 2423
0430 2430
0432 2432
0433 2433
0434 2434
0440 2440
0441 2441
0442 2442
0515 2515
0519 2519
0710 2710
0711 2711
0712 2712
0719 2719
0720 2720
0724 2724
0730 2730
0739 2739
0740 2740
0749 2749
0750 2750
0759 2759
0813 2813
0830 2830
0839 2839
0863 2863
0910 2910
0911 2911
0912 2912
0913 2913
0914 2914
0915 2915
0918 2918
0919 2919
0960 2960
1040 3040
1041 3041
1049 3049
* * * * *
By order of the Board of Governors of the Federal Reserve
System, acting through the Secretary of the Board under delegated
authority, July 14, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-17103 Filed 7-17-09; 8:45 am]
BILLING CODE 6210-01-P
