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.
Regional & Community Outreach connects the Bank to Main Street via structured dialogues and two-way conversations on small business, mortgages, and household credit.
Economic Education improves public knowledge about the Federal Reserve System, monetary policy implementation, and promoting financial stability through the Museum and programs for K-16 students and educators, and the community.
Resumption of Check Services in Puerto Rico and the Virgin Islands
September 13, 1996
Circular No. 10874
To All Depository Institutions and Others Concerned in the Second Federal Reserve District:
On September 10, 1996, this Bank notified all depository institutions and others concerned that due to the damage caused by Hurricane Hortense in Puerto Rico and in the Virgin Islands, and the resulting delays in the presentment and return of cash items, this Bank was deferring credits for items we identified as drawn on, or cash items returned to, depository institutions having routing numbers with 0215, 0216, 2215 or 2216 prefixes.
Effective immediately, the Bank is no longer deferring credit for such items since we are now able to present and return cash items to the affected depository institutions either directly or through affiliates located in Puerto Rico and the Virgin Islands.