Circular
Restructuring Of Check Processing In Fourth, Fifth, and Eighth Districts: Amendments to Appendix A of Regulation CC
June 23, 2004
Circular No. 11614

To All Depository Institutions and Others Concerned in the Second Federal Reserve District:

In a press release, the Federal Reserve Board announced amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Fourth, Fifth, and Eighth Districts. These amendments are part of a series of amendments to Appendix A that will take place through the end of 2004, associated with the previously announced restructuring of the Reserve Banks' check processing operations. For further details on the restructuring process, access Circular 11511.

Appendix A provides a routing number guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks. As of August 28, 2004, the Columbia office of the Federal Reserve Bank of Richmond no longer will process checks, and banks currently served by that office will be reassigned to that Reserve Bank's Charlotte office. Also as of August 28, the Louisville office of the Federal Reserve Bank of St. Louis no longer will process checks, and banks currently served by that office for check processing purposes will be reassigned to the Cincinnati office of the Federal Reserve Bank of Cleveland.

To reflect these operational changes, the final rule (1) deletes the reference in Appendix A to the Richmond Reserve Bank's Columbia office and reassigns the routing numbers listed thereunder to that Reserve Bank's Charlotte office, and (2) deletes the reference in Appendix A to the St. Louis Reserve Bank's Louisville office and reassigns the routing numbers listed thereunder to the Cleveland Reserve Bank's Cincinnati office. To coincide with the effective date of the underlying check processing changes, the amendments are effective August 28, 2004. As a result of these changes, some checks deposited in the affected regions that currently are nonlocal checks will become local checks that are subject to shorter permissible hold periods.

Press release OFFSITE
Board’s notice OFFSITE PDF
Amendments to Regulation CC ››
Circular 11511

Contacts:
Jack K. Walton II
Assistant Director
Division of Reserve Bank Operations and Payment Systems
jack.walton@frb.gov

Joseph P. Baressi
Senior Financial Services Analyst
Division of Reserve Bank Operations and Payment Systems
joseph.p.baressi@frb.gov

Adrianne G. Threatt
Counsel
Legal Division
adrianne.g.threatt@frb.gov