The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
The Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
Check Delays Resulting from Weather Conditions in Puerto Rico and Virgin Islands
September 10, 1996
Circular No. 10873
To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
Due to the severe weather conditions in Puerto Rico resulting from Hurricane Hortense and the closing of the Luis Munoz Marin International Airport and island based depository institutions, there have been delays in the presentment of cash items, the return of unpaid items, and the forwarding of advices of nonpayment in Puerto Rico and the Virgin Islands. Effective September 11, 1996, and until such time as conditions permit us to resume presenting and returning cash items, this Bank will defer credit for items drawn on, or cash items returned to, depository institutions having routing numbers with 0215, 0216, 2215 or 2216 prefixes.