FRB: Consumer Affairs Letter CA 04 - 9 - Check Clearing for the 21st Century (Check 21) Act

SUBJECT: Check Clearing for the 21 st Century (Check 21) Act: Compliance Information For Examiners and Industry InfoBase and Examination Procedures

This letter transmits copies of the FFIEC Check Clearing for the 21 st Century (Check 21) Act: Compliance Information For Examiners and Industry InfoBase CD-ROM and revised Regulation CC examination procedures (160 KB PDF) , which have been approved for the Federal Reserve System's use. The Check 21 Compliance Information For Examiners and Industry InfoBase; including training presentations, FAQs, the examination procedures, a glossary, and links to additional resources; is available on the FFIEC's web site at http://www.ffiec.gov

You are leaving the Federal Reserve Board's web site. The web site you have selected is an external one located on another server. The Board has no responsibility for any external web site. It neither endorses the information, content, presentation, or accuracy nor makes any warranty, express or implied, regarding any external site. Thank you for visiting the Board's web site. FFIEC's web site

. In addition, as this site utilizes Macromedia Flash in the training modules, it is also available within the Board of Governor's firewall from C&CA's Policy, Guidance, Reference Fedweb page . The revised examination procedures reflect amendments made to Regulation CC to implement the Check 21 Act, including new definitions and a new subpart D. Examiners should use the new examination procedures on examinations commencing on or after November 1, 2004 .

Questions on the Check 21 InfoBase and the revised examination procedures should be referred to the Oversight Review Examiner assigned to your district.