Availability of Funds and Collection of Checks, 52875-52877 [E9-24634]
Download as PDF
Federal Register / Vol. 74, No. 198 / Thursday, October 15, 2009 / Rules and Regulations
reserve tranche, the nonexempt deposit
cutoff level, and the reduced reporting
limit serve to reduce regulatory burdens
on depository institutions. Accordingly,
the Board finds good cause for
determining, and so determines, that
notice in accordance with 5 U.S.C.
553(b) is unnecessary. Consequently,
the provisions of the Regulatory
Flexibility Act, 5 U.S.C. 601, do not
apply to these amendments.
List of Subjects in 12 CFR Part 204
Banks, banking, Reporting and
recordkeeping requirements.
For the reasons set forth in the
preamble, the Board is amending 12
CFR part 204 as follows:
■
PART 204—RESERVE
REQUIREMENTS OF DEPOSITORY
INSTITUTIONS (REGULATION D)
1. The authority citation for part 204
continues to read as follows:
■
Authority: 12 U.S.C. 248(a), 248(c), 371a,
461, 601, 611, and 3105.
2. Section 204.4(f) is revised to read as
follows:
■
§ 204.4
Computation of required reserves.
*
*
*
*
*
(f) For all depository institutions,
Edge and Agreement corporations, and
United States branches and agencies of
foreign banks, required reserves are
computed by applying the reserve
requirement ratios below to net
transaction accounts, nonpersonal time
deposits, and Eurocurrency liabilities of
the institution during the computation
period.
Reservable liability
Reserve requirement ratio
NET TRANSACTION ACCOUNTS:
$0 to reserve requirement exemption amount ($10.7 million) .......................................................................
Over reserve requirement exemption amount ($10.7 million) and up to low reserve tranche ($55.2 million).
Over low reserve tranche ($55.2 million) .......................................................................................................
Nonpersonal time deposits .............................................................................................................................
Eurocurrency liabilities ....................................................................................................................................
By order of the Board of Governors of the
Federal Reserve System, October 9, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–24767 Filed 10–14–09; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R–1372]
Availability of Funds and Collection of
Checks
jlentini on DSKJ8SOYB1PROD with RULES
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 Dallas and
to reassign the Federal Reserve routing
symbols currently listed under that
office to the head office of the Federal
Reserve Bank of Cleveland. The Board is
also amending the routing number guide
to delete the reference to the Los
Angeles branch office of the Federal
Reserve Bank of San Francisco and to
reassign the 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. The Board is also providing
VerDate Nov<24>2008
16:27 Oct 14, 2009
Jkt 220001
advance notice about anticipated future
amendments in connection with the
Reserve Banks’ restructuring such that
by early next year there will only be a
single check-processing region for
purposes of Regulation CC. Accordingly,
at that time there will no longer be any
checks that would be considered
nonlocal.
DATES: The amendments to appendix A
to part 229 in amendatory instruction 2
are effective October 17, 2009.
The amendments to appendix A to
part 229 in amendatory instruction 3 are
effective November 14, 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:
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
1 For purposes of Regulation CC, the term ‘‘bank’’
refers to any depository institution, including
commercial banks, savings institutions, and credit
unions.
PO 00000
Frm 00009
52875
Fmt 4700
Sfmt 4700
0 percent of amount.
3 percent of amount.
$1,335,000 plus 10 percent of
amount over $55.2 million.
0 percent.
0 percent.
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.
Final Amendments to Appendix A
On October 17, 2009, the Reserve
Banks will transfer the check-processing
operations of the head office of the
Federal Reserve Bank of Dallas to the
head office of the Federal Reserve Bank
of Cleveland. On November 14, 2009,
the Reserve Banks will transfer the
check-processing operations of the Los
Angeles branch office of the Federal
Reserve Bank of San Francisco to the
head office of the Federal Reserve Bank
of Cleveland. As a result of these
changes, some checks that are drawn on
and deposited at banks located in the
Dallas, Los Angeles, and Cleveland
check-processing regions and that
currently are nonlocal checks will
E:\FR\FM\15OCR1.SGM
15OCR1
52876
Federal Register / Vol. 74, No. 198 / Thursday, October 15, 2009 / Rules and Regulations
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 Dallas, San Francisco, and
Cleveland to reflect the transfer of
check-processing operations from the
Dallas head office and the Los Angeles
branch office to the head office of the
Federal Reserve Bank of Cleveland. To
coincide with the effective date of the
underlying check-processing changes,
the amendments to appendix A are
effective October 17 and November 14,
2009, respectively. 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
Information About Anticipated Future
Changes to Regulation CC
The Federal Reserve Banks initially
announced in November 2008 that
decreases in check volume necessitated
transition to a single paper-checkprocessing site in order to comply with
the cost recovery provisions of the
Monetary Control Act.3 On July 31,
2009, the Reserve Banks reaffirmed that
decreasing check-processing volume
was likely to necessitate the transition
to a single check-processing center by
the first quarter of 2010.4 The Reserve
Banks are taking these steps in response
to the continued nationwide decline in
check usage, as well as the rapidly
increasing use of electronic checkclearing methods, and to meet the cost
recovery requirements of the Monetary
Control Act of 1980. For the information
and planning needs of banks, the Board
is today providing notice that, assuming
check volumes continue to evolve in
line with the Reserve Banks’
expectations, the Reserve Banks intend
to change their check-processing
infrastructure such that by early next
year there will be only a single checkprocessing region for purposes of
Regulation CC. Accordingly, at that time
jlentini on DSKJ8SOYB1PROD 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.
3 See https://www.frbservices.org/files/
communications/pdf/check/
110608_restructure_announcement.pdf.
4 See https://www.frbservices.org/files/
communications/pdf/check/
073109_check_restructure_acceleration.pdf.
VerDate Nov<24>2008
16:27 Oct 14, 2009
Jkt 220001
there will no longer be any checks that
would be considered nonlocal.
Administrative Procedure Act
The public comment requirements of
section 553(b) of the Administrative
Procedure Act do not apply to these
amendments to Appendix A of
Regulation CC because the amendments
involve matters of agency organization.
The Monetary Control Act requires cost
recovery for Federal Reserve Bank
priced services over the long term,
which from time to time necessitates
changes in the internal organization of
Reserve Bank services in order to meet
the statutory mandate. The rapid
decline in paper check volumes,
generally, and the decline in paper
checks sent to the Reserve Banks for
collection have significantly reduced
the need for Federal Reserve checkprocessing locations and the ability of
Reserve Banks to recover the costs of
maintaining those locations. In order to
achieve the Monetary Control Act
requirement of long-run full cost
recovery, the Reserve Banks have
adjusted their check service
infrastructure to reduce the number of
check-processing regions. In light of the
fact that the Reserve Banks are receiving
a high percentage of checks
electronically, the consolidation of
check processing centers and the
accompanying amendments to
Appendix A of Regulation CC are
required by law. As a result of the
consolidation of Federal Reserve checkprocessing offices, amendments to
Appendix A are necessary because the
statutory and regulatory terms ‘‘local’’
and ‘‘nonlocal’’ are defined in terms of
‘‘check-processing regions’’—the
geographic areas served by a Federal
Reserve check-processing office.
In addition, the Board finds, in
accordance with APA section 553(d),
good cause for making the amendments
to Appendix A relating to the transfer of
check-processing operations from Dallas
to Cleveland effective without 30 days
advance publication. On August 14,
2009, the Federal Reserve Banks, by
letter, informed depository institutions
within Dallas’s check-processing region
of the October 17 transfer of checkprocessing operations from Dallas to
Cleveland. That letter was then
published on the Federal Reserve
Financial Services’ Web site.
Accordingly, the affected depository
institutions are aware of and making
preparations for the transfer of paper
check-processing operations from Dallas
to Cleveland.
PO 00000
Frm 00010
Fmt 4700
Sfmt 4700
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 references
to the head office of the Federal Reserve
Bank of Dallas and the Los Angeles
branch office of the Federal Reserve
Bank of San Francisco and reassign the
routing symbols listed under those
offices 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, the Board believes
that all procedures for notifying
customers of any change in funds
availability are in place, and therefore,
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
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. Effective October 17, 2009, the
Fourth and Eleventh District routing
symbol lists in appendix A are amended
by removing the headings and listings
for the Eleventh 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
E:\FR\FM\15OCR1.SGM
15OCR1
Federal Register / Vol. 74, No. 198 / Thursday, October 15, 2009 / Rules and Regulations
jlentini on DSKJ8SOYB1PROD with RULES
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
0920–2920
0921–2921
0929–2929
0960–2960
1010–3010
1011–3011
1012–3012
1019–3019
1020–3020
1021–3021
1022–3022
1023–3023
1030–3030
1031–3031
1039–3039
1040–3040
1041–3041
1049–3049
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
Federal Reserve District to read as
follows:
APPENDIX A TO PART 229—
ROUTING NUMBER GUIDE TO NEXTDAY AVAILABILITY CHECKS AND
LOCAL CHECKS
*
*
*
*
Fourth Federal Reserve District
[Federal Reserve Bank of Cleveland]
*
*
*
*
*
■ 3. Effective November 14, 2009, the
Fourth and Twelfth District routing
symbol lists in appendix A are amended
by removing the headings and listings
for the Twelfth Federal Reserve District
and revising the listings for the Fourth
VerDate Nov<24>2008
*
16:27 Oct 14, 2009
Jkt 220001
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
0920–2920
0921–2921
0929–2929
0960–2960
1010–3010
1011–3011
1012–3012
1019–3019
1020–3020
1021–3021
1022–3022
1023–3023
1030–3030
1031–3031
1039–3039
1040–3040
1041–3041
1049–3049
1070–3070
1110–3110
1111–3111
PO 00000
Frm 00011
52877
1113–3113
1119–3119
1120–3120
1122–3122
1123–3123
1130–3130
1131–3131
1140–3140
1149–3149
1163–3163
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, acting through the
Secretary of the Board under delegated
authority, October 8, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–24634 Filed 10–14–09; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
14 CFR Part 39
[Docket No. FAA–2009–0909; Directorate
Identifier 2009–NM–172–AD; Amendment
39–16045; AD 2007–23–05 R1]
RIN 2120–AA64
Airworthiness Directives; Saab AB,
Saab Aerosystems Model SAAB 2000
Airplanes
AGENCY: Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Final rule; request for
comments.
SUMMARY: We are adopting a new
airworthiness directive (AD) for the
products listed above that would revise
an existing AD. This AD results from
mandatory continuing airworthiness
information (MCAI) originated 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:
Fmt 4700
Sfmt 4700
E:\FR\FM\15OCR1.SGM
15OCR1
Agencies
[Federal Register Volume 74, Number 198 (Thursday, October 15, 2009)]
[Rules and Regulations]
[Pages 52875-52877]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-24634]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
12 CFR Part 229
[Regulation CC; Docket No. R-1372]
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 Dallas and to reassign the Federal Reserve routing symbols currently
listed under that office to the head office of the Federal Reserve Bank
of Cleveland. The Board is also amending the routing number guide to
delete the reference to the Los Angeles branch office of the Federal
Reserve Bank of San Francisco and to reassign the 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. The
Board is also providing advance notice about anticipated future
amendments in connection with the Reserve Banks' restructuring such
that by early next year there will only be a single check-processing
region for purposes of Regulation CC. Accordingly, at that time there
will no longer be any checks that would be considered nonlocal.
DATES: The amendments to appendix A to part 229 in amendatory
instruction 2 are effective October 17, 2009.
The amendments to appendix A to part 229 in amendatory instruction
3 are effective November 14, 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:
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 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.
Final Amendments to Appendix A
On October 17, 2009, the Reserve Banks will transfer the check-
processing operations of the head office of the Federal Reserve Bank of
Dallas to the head office of the Federal Reserve Bank of Cleveland. On
November 14, 2009, the Reserve Banks will transfer the check-processing
operations of the Los Angeles branch office of the Federal Reserve Bank
of San Francisco to the head office of the Federal Reserve Bank of
Cleveland. As a result of these changes, some checks that are drawn on
and deposited at banks located in the Dallas, Los Angeles, and
Cleveland check-processing regions and that currently are nonlocal
checks will
[[Page 52876]]
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
Dallas, San Francisco, and Cleveland to reflect the transfer of check-
processing operations from the Dallas head office and the Los Angeles
branch office to the head office of the Federal Reserve Bank of
Cleveland. To coincide with the effective date of the underlying check-
processing changes, the amendments to appendix A are effective October
17 and November 14, 2009, respectively. 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.
---------------------------------------------------------------------------
Information About Anticipated Future Changes to Regulation CC
The Federal Reserve Banks initially announced in November 2008 that
decreases in check volume necessitated transition to a single paper-
check-processing site in order to comply with the cost recovery
provisions of the Monetary Control Act.\3\ On July 31, 2009, the
Reserve Banks reaffirmed that decreasing check-processing volume was
likely to necessitate the transition to a single check-processing
center by the first quarter of 2010.\4\ The Reserve Banks are taking
these steps in response to the continued nationwide decline in check
usage, as well as the rapidly increasing use of electronic check-
clearing methods, and to meet the cost recovery requirements of the
Monetary Control Act of 1980. For the information and planning needs of
banks, the Board is today providing notice that, assuming check volumes
continue to evolve in line with the Reserve Banks' expectations, the
Reserve Banks intend to change their check-processing infrastructure
such that by early next year there will be only a single check-
processing region for purposes of Regulation CC. Accordingly, at that
time there will no longer be any checks that would be considered
nonlocal.
---------------------------------------------------------------------------
\3\ See https://www.frbservices.org/files/communications/pdf/check/110608_restructure_announcement.pdf.
\4\ See https://www.frbservices.org/files/communications/pdf/check/073109_check_restructure_acceleration.pdf.
---------------------------------------------------------------------------
Administrative Procedure Act
The public comment requirements of section 553(b) of the
Administrative Procedure Act do not apply to these amendments to
Appendix A of Regulation CC because the amendments involve matters of
agency organization. The Monetary Control Act requires cost recovery
for Federal Reserve Bank priced services over the long term, which from
time to time necessitates changes in the internal organization of
Reserve Bank services in order to meet the statutory mandate. The rapid
decline in paper check volumes, generally, and the decline in paper
checks sent to the Reserve Banks for collection have significantly
reduced the need for Federal Reserve check-processing locations and the
ability of Reserve Banks to recover the costs of maintaining those
locations. In order to achieve the Monetary Control Act requirement of
long-run full cost recovery, the Reserve Banks have adjusted their
check service infrastructure to reduce the number of check-processing
regions. In light of the fact that the Reserve Banks are receiving a
high percentage of checks electronically, the consolidation of check
processing centers and the accompanying amendments to Appendix A of
Regulation CC are required by law. As a result of the consolidation of
Federal Reserve check-processing offices, amendments to Appendix A are
necessary because the statutory and regulatory terms ``local'' and
``nonlocal'' are defined in terms of ``check-processing regions''--the
geographic areas served by a Federal Reserve check-processing office.
In addition, the Board finds, in accordance with APA section
553(d), good cause for making the amendments to Appendix A relating to
the transfer of check-processing operations from Dallas to Cleveland
effective without 30 days advance publication. On August 14, 2009, the
Federal Reserve Banks, by letter, informed depository institutions
within Dallas's check-processing region of the October 17 transfer of
check-processing operations from Dallas to Cleveland. That letter was
then published on the Federal Reserve Financial Services' Web site.
Accordingly, the affected depository institutions are aware of and
making preparations for the transfer of paper check-processing
operations from Dallas to Cleveland.
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 references to the head office of the Federal Reserve Bank of
Dallas and the Los Angeles branch office of the Federal Reserve Bank of
San Francisco and reassign the routing symbols listed under those
offices 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, the
Board believes that all procedures for notifying customers of any
change in funds availability are in place, and therefore, 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. Effective October 17, 2009, the Fourth and Eleventh District routing
symbol lists in appendix A are amended by removing the headings and
listings for the Eleventh 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
[[Page 52877]]
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
0920-2920
0921-2921
0929-2929
0960-2960
1010-3010
1011-3011
1012-3012
1019-3019
1020-3020
1021-3021
1022-3022
1023-3023
1030-3030
1031-3031
1039-3039
1040-3040
1041-3041
1049-3049
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
* * * * *
0
3. Effective November 14, 2009, the Fourth and Twelfth District routing
symbol lists in appendix A are amended by removing the headings and
listings for the Twelfth 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
0920-2920
0921-2921
0929-2929
0960-2960
1010-3010
1011-3011
1012-3012
1019-3019
1020-3020
1021-3021
1022-3022
1023-3023
1030-3030
1031-3031
1039-3039
1040-3040
1041-3041
1049-3049
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
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, acting through the Secretary of the Board under delegated
authority, October 8, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-24634 Filed 10-14-09; 8:45 am]
BILLING CODE 6210-01-P