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Board Announces Restructuring of the Atlanta Fed’s Check Processing Operations and Future Changes to Appendix A of Regulation CC
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May 18, 2007
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| Circular No. 11859 | |
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The Federal Reserve Board has announced the approval of amendments to Appendix A of Regulation CC that reflect the restructuring of the check processing operations of the Federal Reserve Bank of Atlanta and provide notice relating to future changes to Appendix A Appendix A provides a routing symbol guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks. The Board is amending the list of routing symbols in Appendix A associated with the Federal Reserve Bank of Atlanta to reflect the transfer of check processing operations from that Reserve Bank's Nashville branch office to its head office. 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
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