August 13, 2007
Restructuring of the check processing operations in the Ninth and Tenth Districts, Regulation CC
For immediate release
The Federal Reserve Board on Monday announced amendments to Appendix A of Regulation CC that reflect the restructuring of the Federal Reserve's check processing operations in the Ninth and Tenth Districts. These amendments are part of a series of amendments to Appendix A 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 October 20, 2007, the Helena branch office of the Federal Reserve Bank of Minneapolis no longer will process checks, and banks currently served by that office will be reassigned to the Denver branch office of the Federal Reserve Bank of Kansas City. The Reserve Banks intend, however, for the Helena branch to continue serving as a site at which substitute checks are printed for delivery to paying banks. To ensure that the information in Appendix A accurately describes the structure of check processing operations within the Federal Reserve System, the final rule deletes the reference in Appendix A to the Helena branch office of the Federal Reserve Bank of Minneapolis and reassigns the routing numbers listed thereunder to the Denver branch office of the Federal Reserve Bank of Kansas City. To coincide with the effective date of the underlying check processing changes, the amendments are effective October 20, 2007. 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.
The Board’s notice is attached.