Release Date: March 2, 2004
For immediate release
The Federal Reserve Board on Tuesday announced amendments to Appendix A of Regulation CC, effective May 15, 2004, that reflect the restructuring of the Federal Reserve's check processing operations in the Eleventh District. 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.
Appendix A provides a routing number guide that helps depository institutions determine the maximum permissible hold periods for most deposited checks. As of May 15, 2004, the El Paso office of the Federal Reserve Bank of Dallas no longer will process checks, and banks currently served by that office for check processing purposes will be reassigned to the Reserve Bank's head office in Dallas. To reflect this operational change, the final rule deletes the reference in Appendix A to the El Paso office and reassigns the routing numbers listed thereunder to the Reserve Bank's head office. As a result of this change, some checks deposited in the affected regions that currently are nonlocal checks will become local checks that are subject to shorter permissible hold periods.
The Board's notice is attached.
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Last update: March 2, 2004